Bath Savings Trust Co Decreases Stock Position in The TJX Companies, Inc. $TJX

Bath Savings Trust Co decreased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 394,705 shares of the apparel and home fashions retailer’s stock after selling 4,370 shares during the period. TJX Companies accounts for 6.1% of Bath Savings Trust Co’s investment portfolio, making the stock its 2nd largest position. Bath Savings Trust Co’s holdings in TJX Companies were worth $60,631,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in TJX. Lavaca Capital LLC purchased a new position in TJX Companies during the 2nd quarter valued at about $25,000. Dogwood Wealth Management LLC lifted its holdings in shares of TJX Companies by 102.2% in the third quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer’s stock worth $26,000 after buying an additional 92 shares in the last quarter. GGM Financials LLC bought a new position in shares of TJX Companies in the third quarter valued at approximately $27,000. Imprint Wealth LLC bought a new position in shares of TJX Companies in the third quarter valued at approximately $27,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new position in TJX Companies during the third quarter valued at approximately $28,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Up 1.2%

Shares of TJX opened at $158.39 on Wednesday. The TJX Companies, Inc. has a 1-year low of $116.37 and a 1-year high of $162.68. The company has a market capitalization of $175.89 billion, a P/E ratio of 32.46, a P/E/G ratio of 3.60 and a beta of 0.73. 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 firm’s 50 day simple moving average is $155.49 and its 200 day simple moving average is $150.30.

TJX Companies (NYSE:TJX) last released its quarterly 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 analysts’ expectations of $17.36 billion. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.23 EPS. 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 forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Insider Activity

In related 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 value 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. The trade was a 5.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on TJX shares. Deutsche Bank Aktiengesellschaft set a $184.00 target price on shares of TJX Companies in a report on Thursday, January 8th. 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 research report on Monday, February 23rd. UBS Group reaffirmed a “buy” rating on shares of TJX Companies in a report on Wednesday, March 4th. BTIG Research reiterated a “buy” rating and issued a $185.00 price objective (up from $165.00) on shares of TJX Companies in a research report on Thursday, February 26th. Finally, 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. 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 a consensus target price of $167.55.

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.