The TJX Companies, Inc. $TJX Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,255,843 shares of the apparel and home fashions retailer’s stock after selling 11,228 shares during the period. California Public Employees Retirement System’s holdings in TJX Companies were worth $326,060,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in TJX Companies during the second quarter worth $1,808,774,000. Laurel Wealth Advisors LLC raised its position in TJX Companies by 12,417.0% in the second 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 acquiring an additional 4,024,859 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in TJX Companies by 91.6% in the third quarter. Alliancebernstein L.P. now owns 6,712,226 shares of the apparel and home fashions retailer’s stock valued at $970,185,000 after acquiring an additional 3,208,458 shares during the period. Corient Private Wealth LLC boosted 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 purchasing an additional 2,743,676 shares in the last quarter. Finally, ABN AMRO Bank N.V. purchased a new stake in shares of TJX Companies during the 2nd quarter worth $244,687,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Ernie Herrman sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $160.95, for a total value of $4,828,500.00. Following the sale, the chief executive officer owned 479,316 shares of the company’s stock, valued at approximately $77,145,910.20. This represents a 5.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TJX. Evercore increased their price target on shares of TJX Companies from $162.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday, November 20th. Morgan Stanley reissued an “overweight” rating and set a $162.00 price objective (up from $159.00) on shares of TJX Companies in a report on Thursday, November 20th. Wells Fargo & Company restated a “positive” rating and set a $150.00 target price (up from $145.00) on shares of TJX Companies in a research report on Tuesday, December 16th. The Goldman Sachs Group increased their target price on shares of TJX Companies from $163.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Finally, Wall Street Zen downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Three investment analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $167.55.

TJX Companies Price Performance

TJX Companies stock opened at $155.40 on Friday. The firm has a market capitalization of $172.56 billion, a PE ratio of 31.84, a P/E/G ratio of 3.57 and a beta of 0.73. The TJX Companies, Inc. has a 52 week low of $112.30 and a 52 week high of $162.68. The firm’s 50-day simple moving average is $155.56 and its 200 day simple moving average is $149.36. The company has a quick ratio of 0.59, a current ratio of 1.14 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.05. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The company had revenue of $17.74 billion during the quarter, compared to analysts’ expectations of $17.36 billion. During the same quarter in the previous 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, equities research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

About TJX Companies

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.