DAVENPORT & Co LLC Increases Position in The TJX Companies, Inc. $TJX

DAVENPORT & Co LLC grew its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.0% during the fourth quarter, Holdings Channel reports. The firm owned 896,739 shares of the apparel and home fashions retailer’s stock after acquiring an additional 9,116 shares during the quarter. DAVENPORT & Co LLC’s holdings in TJX Companies were worth $138,095,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Banco Santander S.A. grew its stake in shares of TJX Companies by 24.6% in 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 acquiring an additional 31,631 shares in the last quarter. Bank of Nova Scotia boosted its holdings in TJX Companies by 129.9% in the second 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 purchasing an additional 152,453 shares during the period. Rheos Capital Works Inc. boosted its holdings in TJX Companies by 26.0% in the third quarter. Rheos Capital Works Inc. now owns 370,000 shares of the apparel and home fashions retailer’s stock valued at $53,480,000 after purchasing an additional 76,400 shares during the period. 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 worth $24,835,000 after purchasing an additional 8,006 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in TJX Companies by 6.0% during the 4th quarter. Nordea Investment Management AB now owns 7,479,163 shares of the apparel and home fashions retailer’s stock worth $1,155,830,000 after purchasing an additional 420,232 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 30,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer owned 479,316 shares in the company, valued at approximately $77,145,910.20. The trade was a 5.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

TJX Companies Trading Up 1.2%

NYSE: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 stock has a market cap 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 quick ratio of 0.59 and a current ratio of 1.14. The stock has a 50-day simple moving average of $155.49 and a 200-day simple moving average of $150.30.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.05. The business 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 business’s quarterly 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. As a group, analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TJX shares. JPMorgan Chase & Co. increased their price target on TJX Companies from $154.00 to $173.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Robert W. Baird set a $168.00 price objective on TJX Companies in a research report on Wednesday, December 17th. Weiss Ratings restated a “buy (b+)” rating on shares of TJX Companies in a research note on Wednesday, January 21st. Wall Street Zen cut shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $170.00 price target on shares of TJX Companies in a research note on Tuesday, January 6th. 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, TJX Companies presently has an average rating of “Buy” and an average price target 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.