The TJX Companies, Inc. $TJX Shares Purchased by Stance Capital LLC

Stance Capital LLC increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 18.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,311 shares of the apparel and home fashions retailer’s stock after buying an additional 6,073 shares during the quarter. TJX Companies accounts for about 2.0% of Stance Capital LLC’s portfolio, making the stock its 2nd largest position. Stance Capital LLC’s holdings in TJX Companies were worth $5,537,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Banco Santander S.A. lifted its stake in shares of TJX Companies by 24.6% during the third quarter. Banco Santander S.A. now owns 160,368 shares of the apparel and home fashions retailer’s stock worth $23,180,000 after buying an additional 31,631 shares during the period. Bank of Nova Scotia increased its position in shares of TJX Companies by 129.9% in the 2nd quarter. Bank of Nova Scotia now owns 269,813 shares of the apparel and home fashions retailer’s stock valued at $33,319,000 after acquiring an additional 152,453 shares during the period. Empowered Funds LLC raised its stake in TJX Companies by 66.6% in the 2nd quarter. Empowered Funds LLC now owns 76,998 shares of the apparel and home fashions retailer’s stock worth $9,508,000 after acquiring an additional 30,779 shares during the last quarter. Rheos Capital Works Inc. lifted its position in TJX Companies by 26.0% during the 3rd quarter. Rheos Capital Works Inc. now owns 370,000 shares of the apparel and home fashions retailer’s stock worth $53,480,000 after acquiring an additional 76,400 shares during the period. Finally, Wealthfront Advisers LLC grew its stake in TJX Companies by 4.9% during the 3rd quarter. Wealthfront Advisers LLC now owns 171,820 shares of the apparel and home fashions retailer’s stock valued at $24,835,000 after purchasing an additional 8,006 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the company’s stock in a transaction 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 directly owned 479,316 shares in the company, valued at approximately $77,145,910.20. This represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $155.42 on Wednesday. The firm has a market cap of $172.58 billion, a PE ratio of 31.85, a P/E/G ratio of 3.59 and a beta of 0.73. The TJX Companies, Inc. has a twelve month low of $113.98 and a twelve month high of $162.68. The company has a quick ratio of 0.59, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $155.64 and a 200 day moving average price of $149.71.

TJX Companies (NYSE:TJX) last issued its quarterly 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 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 the consensus estimate of $17.36 billion. During the same quarter in the prior year, the business posted $1.23 earnings per share. TJX Companies’s revenue for the quarter was up 8.5% on a year-over-year basis. 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. Sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. BTIG Research restated a “buy” rating and issued a $185.00 price objective (up from $165.00) on shares of TJX Companies in a research note on Thursday, February 26th. JPMorgan Chase & Co. upped 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. Deutsche Bank Aktiengesellschaft set a $184.00 price target on TJX Companies in a research report on Thursday, January 8th. Telsey Advisory Group lifted their price objective on TJX Companies from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th. Finally, Bank of America boosted their price objective on TJX Companies from $150.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Three investment analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company’s stock. According to MarketBeat, TJX Companies presently has a consensus rating of “Buy” and an average price target of $167.55.

TJX Companies Company 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.