Franklin Resources Inc. Sells 339,740 Shares of The TJX Companies, Inc. $TJX

Franklin Resources Inc. cut its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 11.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,646,189 shares of the apparel and home fashions retailer’s stock after selling 339,740 shares during the quarter. Franklin Resources Inc. owned approximately 0.24% of TJX Companies worth $382,480,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of TJX. Norges Bank bought a new stake in TJX Companies during the 2nd quarter valued at $1,808,774,000. Laurel Wealth Advisors LLC grew its position in shares of TJX Companies by 12,417.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,057,273 shares of the apparel and home fashions retailer’s stock worth $501,033,000 after buying an additional 4,024,859 shares in the last quarter. Corient Private Wealth LLC grew its position in shares of TJX Companies by 120.7% during the 2nd quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer’s stock worth $620,406,000 after buying an additional 2,743,676 shares in the last quarter. ABN AMRO Bank N.V. purchased a new position in shares of TJX Companies during the second quarter valued at $244,687,000. Finally, Raymond James Financial Inc. increased its stake in shares of TJX Companies by 26.3% during the second quarter. Raymond James Financial Inc. now owns 5,952,367 shares of the apparel and home fashions retailer’s stock valued at $735,058,000 after buying an additional 1,238,124 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of TJX stock opened at $157.78 on Thursday. The stock’s 50-day moving average is $155.50 and its 200 day moving average is $149.09. The TJX Companies, Inc. has a 1-year low of $112.10 and a 1-year high of $162.68. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.59. The company has a market cap of $175.21 billion, a P/E ratio of 32.33, a PEG ratio of 3.67 and a beta of 0.73.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.05. The business had revenue of $17.74 billion during the quarter, compared to the consensus estimate of $17.36 billion. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.23 earnings per share. TJX Companies has set its FY 2027 guidance at 4.930-5.020 EPS and its Q1 2027 guidance at 0.970-0.990 EPS. Research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the completion of the transaction, the chief executive officer owned 479,316 shares in the company, valued at $77,145,910.20. The trade was a 5.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Guggenheim raised shares of TJX Companies to a “strong-buy” rating in a research note on Wednesday, December 10th. Citigroup reissued a “buy” rating and set a $168.00 target price (up from $160.00) on shares of TJX Companies in a research report on Thursday, November 20th. JPMorgan Chase & Co. boosted their price target on shares of TJX Companies from $154.00 to $173.00 and gave the company an “overweight” rating in a report on Monday, February 23rd. TD Cowen reaffirmed a “buy” rating on shares of TJX Companies in a research report on Thursday, November 20th. Finally, Wells Fargo & Company reiterated a “positive” rating and set a $150.00 price objective (up from $145.00) on shares of TJX Companies in a research note on Tuesday, December 16th. Three research analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $167.55.

TJX Companies Profile

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.