Chartist Inc. CA Invests $543,000 in The TJX Companies, Inc. $TJX

Chartist Inc. CA acquired a new stake in The TJX Companies, Inc. (NYSE:TJX) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 3,754 shares of the apparel and home fashions retailer’s stock, valued at approximately $543,000. TJX Companies comprises approximately 0.6% of Chartist Inc. CA’s portfolio, making the stock its 8th largest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in TJX Companies by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 101,961,786 shares of the apparel and home fashions retailer’s stock valued at $14,737,557,000 after purchasing an additional 820,730 shares during the last quarter. State Street Corp boosted its stake in shares of TJX Companies by 0.6% during the 2nd quarter. State Street Corp now owns 48,595,536 shares of the apparel and home fashions retailer’s stock worth $6,001,063,000 after purchasing an additional 285,737 shares during the last quarter. Capital International Investors grew its holdings in shares of TJX Companies by 4.2% during the third quarter. Capital International Investors now owns 15,678,165 shares of the apparel and home fashions retailer’s stock worth $2,266,066,000 after buying an additional 630,574 shares in the last quarter. Norges Bank acquired a new position in shares of TJX Companies in the second quarter valued at approximately $1,808,774,000. Finally, Ameriprise Financial Inc. raised its position in shares of TJX Companies by 3.0% in the third quarter. Ameriprise Financial Inc. now owns 13,391,533 shares of the apparel and home fashions retailer’s stock valued at $1,939,435,000 after buying an additional 392,097 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

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 stock was sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the transaction, the chief executive officer directly owned 479,316 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Down 0.4%

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

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TJX. 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. Sanford C. Bernstein reiterated an “outperform” rating and issued a $170.00 price target on shares of TJX Companies in a report on Tuesday, January 6th. Morgan Stanley restated 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. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of TJX Companies in a research report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. upped their target price on TJX Companies from $154.00 to $173.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Three analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price 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.