SCHEDULE 13G/A: BlackRock Amends Stake in TJX Companies, Discloses 8.9% Beneficial Ownership
Beneficial Ownership Report
BlackRock, Inc. has filed an Amendment No. 12 to its Schedule 13G, reporting a beneficial ownership of 8.9% of TJX Companies Inc.'s common stock as of December 31, 2024.
Summary
- BlackRock, Inc. filed an Amendment No. 12 to its Schedule 13G regarding its beneficial ownership in TJX COMPANIES INC.
- As of December 31, 2024, BlackRock, Inc. beneficially owns 99,658,272 shares of TJX Companies Inc. common stock.
- This represents 8.9% of the total outstanding common stock.
- BlackRock, Inc. holds sole voting power over 88,213,458 shares and sole dispositive power over 99,658,272 shares.
- No shared voting or dispositive power was reported.
- The filing indicates that various persons have the right to receive dividends or proceeds from the sale of these securities, but no single person's interest exceeds five percent of the total outstanding common shares.
- BlackRock, Inc. is classified as a parent holding company (HC) for the purpose of this filing.
- Exhibit 99 lists several BlackRock subsidiaries, with BlackRock Fund Advisors specifically noted as beneficially owning 5% or greater of the outstanding shares of the security class being reported.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing (Schedule 13G Amendment) disclosing beneficial ownership. It does not contain information that would inherently convey positive or negative sentiment about the issuer's performance or outlook. It is a factual compliance update.
Future Outlook
This document is a beneficial ownership report and does not contain forward-looking statements or guidance regarding the issuer's future performance or BlackRock's investment strategy.
Industry Context
This filing is a routine disclosure of institutional ownership by BlackRock, a major asset manager, in TJX Companies, a prominent retailer. It does not provide specific insights into broader industry trends or competitive dynamics beyond the fact that a significant institutional investor maintains a substantial stake in the retail sector.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Attorney-in-fact | N/A (previous Power of Attorney revoked) | Eric Andruczyk, Richard Cundiff, R. Andrew Dickson, III, Spencer Fleming, Laura Hildner, David Maryles, Christopher Meade, Charles Park, James Raby, Daniel Riemer, David Rothenberg, Brenda Schulz | 2025-01-21 | New Power of Attorney issued, revoking a prior one dated April 30, 2023, to authorize specific individuals to execute and file ownership or control-person reporting requirements on behalf of BlackRock, Inc. and its subsidiaries. |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Update | BlackRock, Inc. issued a new Power of Attorney, effective January 21, 2025, authorizing specific individuals to execute and file various SEC and non-U.S. regulatory documents related to ownership or control-person reporting. This new Power of Attorney expressly revokes the previous one dated April 30, 2023. | 2025-01-21 | This is a routine administrative update to internal corporate governance procedures for regulatory filings, ensuring proper authorization for compliance reporting. It does not indicate a change in the company's overall governance structure or policies beyond the delegation of authority for specific filing types. |
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Date of previous Power of Attorney that was expressly revoked. |
| 2024-12-31 | Date of event which requires filing of this statement (beneficial ownership snapshot date). |
| 2025-01-21 | Effective date of the new Power of Attorney. |
| 2025-02-05 | Date of filing of the Schedule 13G Amendment No. 12. |
Keywords
BlackRock, TJX Companies, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, SEC Filing, Investment Management, Retail Sector
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