NewEdge Advisors LLC Buys 21,068 Shares of The TJX Companies, Inc. $TJX

NewEdge Advisors LLC raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 2.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,047,163 shares of the apparel and home fashions retailer’s stock after buying an additional 21,068 shares during the quarter. NewEdge Advisors LLC’s holdings in TJX Companies were worth $158,646,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna raised its position in shares of TJX Companies by 120.3% in the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock valued at $25,000 after acquiring an additional 89 shares during the period. Entrust Financial LLC acquired a new position in TJX Companies during the fourth quarter valued at approximately $26,000. Wilkerson Advisory Group LLC acquired a new position in TJX Companies during the fourth quarter valued at approximately $26,000. IMG Wealth Management Inc. increased its stake in TJX Companies by 65.7% in the fourth quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock valued at $27,000 after purchasing an additional 69 shares in the last quarter. Finally, Cetera Trust Company N.A bought a new stake in TJX Companies in the second quarter valued at approximately $27,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Price Performance

TJX stock opened at $128.66 on Wednesday. The stock has a 50-day moving average price of $149.18 and a two-hundred day moving average price of $154.97. The stock has a market cap of $141.53 billion, a PE ratio of 23.78, a price-to-earnings-growth ratio of 2.38 and a beta of 0.60. The company has a current ratio of 1.15, a quick ratio of 0.56 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a 1 year low of $128.37 and a 1 year high of $170.00.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. The company had revenue of $15.18 billion for the quarter, compared to analyst estimates of $15.16 billion. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.10 earnings per share. TJX Companies has set its FY 2027 guidance at 5.150-5.200 EPS and its Q3 2027 guidance at 1.360-1.380 EPS. Equities analysts forecast that The TJX Companies, Inc. will post 5.22 EPS for the current fiscal year.

Insider Transactions at TJX Companies

In other TJX Companies news, Director Jackwyn Nemerov sold 957 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $168.59, for a total value of $161,340.63. Following the sale, the director owned 802 shares in the company, valued at approximately $135,209.18. The trade was a 54.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Morgan Stanley set a $178.00 target price on TJX Companies and gave the company an “overweight” rating in a research note on Thursday, August 20th. Robert W. Baird lifted their price objective on TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $182.00 to $154.00 in a research report on Thursday, August 20th. Evercore reissued an “outperform” rating and set a $173.00 target price on shares of TJX Companies in a research note on Thursday, August 20th. Finally, JPMorgan Chase & Co. raised their target price on shares of TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and an average price target of $171.63.

About TJX Companies

The TJX Companies, Inc is an off-price retailer specializing in apparel and home fashions. The company sells brand-name, designer and other merchandise at prices generally below those of full-price retailers. Its product assortment includes women’s, men’s and children’s clothing, footwear, accessories, beauty products, home furnishings, decor and other household goods.

TJX operates through a portfolio of retail banners, including T.J. Maxx, Marshalls, HomeGoods, Sierra and Homesense in the United States; Winners, HomeSense and Marshalls in Canada; and TK Maxx and Homesense in Europe and Australia.