CIBC Private Wealth Group LLC Sells 40,821 Shares of The TJX Companies, Inc. $TJX

CIBC Private Wealth Group LLC lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,991,066 shares of the apparel and home fashions retailer’s stock after selling 40,821 shares during the quarter. TJX Companies comprises about 0.7% of CIBC Private Wealth Group LLC’s investment portfolio, making the stock its 27th biggest position. CIBC Private Wealth Group LLC’s holdings in TJX Companies were worth $432,329,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Lavaca Capital LLC bought a new position in TJX Companies in the 2nd quarter valued at about $25,000. Dogwood Wealth Management LLC boosted its holdings in shares of TJX Companies by 102.2% during the third quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer’s stock worth $26,000 after acquiring an additional 92 shares during the period. GGM Financials LLC acquired a new position in shares of TJX Companies in the third quarter valued at approximately $27,000. Imprint Wealth LLC acquired a new position in shares of TJX Companies in the third quarter valued at approximately $27,000. Finally, Howard Hughes Medical Institute bought a new position in shares of TJX Companies during the second quarter worth approximately $30,000. Institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

TJX has been the subject of several research reports. Weiss Ratings reissued a “buy (b+)” rating on shares of TJX Companies in a report on Wednesday, January 21st. 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. TD Cowen reissued a “buy” rating on shares of TJX Companies in a report on Thursday, November 20th. BTIG Research reissued a “buy” rating and issued a $185.00 target price (up from $165.00) on shares of TJX Companies in a research report on Thursday, February 26th. Finally, Wells Fargo & Company restated a “positive” rating and issued a $150.00 price target (up from $145.00) on shares of TJX Companies in a research note on Tuesday, December 16th. Three equities research analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies currently has a consensus rating of “Buy” and an average price target of $167.55.

TJX Companies Trading Down 0.4%

Shares of NYSE:TJX opened at $155.42 on Wednesday. The company has a market capitalization of $172.58 billion, a P/E ratio of 31.85, a P/E/G ratio of 3.59 and a beta of 0.73. The TJX Companies, Inc. has a 1 year low of $113.98 and a 1 year 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 business’s 50 day simple moving average is $155.64 and its 200 day simple moving average is $149.71.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data 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 firm 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 company’s revenue was up 8.5% on a year-over-year basis. During the same quarter last 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. On average, research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 30,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer owned 479,316 shares in the company, valued at approximately $77,145,910.20. This trade represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company’s stock.

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.