The TJX Companies, Inc. $TJX Stake Lessened by Comerica Bank

Comerica Bank cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 4.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 455,546 shares of the apparel and home fashions retailer’s stock after selling 21,306 shares during the period. Comerica Bank’s holdings in TJX Companies were worth $65,845,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. High Note Wealth LLC lifted its position in shares of TJX Companies by 12.1% during the third quarter. High Note Wealth LLC now owns 667 shares of the apparel and home fashions retailer’s stock worth $96,000 after purchasing an additional 72 shares during the last quarter. Valley National Advisers Inc. raised its stake in TJX Companies by 2.3% during the third quarter. Valley National Advisers Inc. now owns 3,271 shares of the apparel and home fashions retailer’s stock valued at $472,000 after buying an additional 73 shares in the last quarter. Webster Bank N. A. lifted its holdings in TJX Companies by 1.6% during the 3rd quarter. Webster Bank N. A. now owns 4,574 shares of the apparel and home fashions retailer’s stock worth $661,000 after buying an additional 73 shares during the last quarter. REAP Financial Group LLC lifted its holdings in TJX Companies by 12.1% during the 3rd quarter. REAP Financial Group LLC now owns 676 shares of the apparel and home fashions retailer’s stock worth $98,000 after buying an additional 73 shares during the last quarter. Finally, Banco de Sabadell S.A grew its position in shares of TJX Companies by 0.4% in the 2nd quarter. Banco de Sabadell S.A now owns 20,951 shares of the apparel and home fashions retailer’s stock worth $2,587,000 after acquiring an additional 77 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Price Performance

Shares of TJX opened at $155.40 on Friday. The TJX Companies, Inc. has a 12 month low of $112.30 and a 12 month 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 stock has a fifty day moving average price of $155.56 and a 200 day moving average price of $149.28. The company has a market cap of $172.56 billion, a P/E ratio of 31.84, a PEG ratio of 3.58 and a beta of 0.73.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.05. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The company had revenue of $17.74 billion for the quarter, compared to analysts’ expectations of $17.36 billion. During the same period last year, the business posted $1.23 earnings per share. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. 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. On average, research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TJX. JPMorgan Chase & Co. boosted their price target on TJX Companies from $154.00 to $173.00 and gave the company an “overweight” rating in a report on Monday, February 23rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $162.00 price objective (up from $159.00) on shares of TJX Companies in a report on Thursday, November 20th. Guggenheim upgraded shares of TJX Companies to a “strong-buy” rating in a research note on Wednesday, December 10th. Telsey Advisory Group increased their target price on shares of TJX Companies from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, February 26th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $170.00 price target on shares of TJX Companies in a research report on Tuesday, January 6th. Three investment analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $167.55.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the business’s stock in a transaction dated 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 directly owned 479,316 shares of the company’s stock, valued at $77,145,910.20. The trade was a 5.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

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.