Oarsman Capital Inc. Acquires 6,147 Shares of The TJX Companies, Inc. $TJX

Oarsman Capital Inc. lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 27.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,822 shares of the apparel and home fashions retailer’s stock after buying an additional 6,147 shares during the period. TJX Companies comprises 0.6% of Oarsman Capital Inc.’s holdings, making the stock its 29th largest position. Oarsman Capital Inc.’s holdings in TJX Companies were worth $4,166,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. High Note Wealth LLC raised its position in shares of TJX Companies by 12.1% in the third quarter. High Note Wealth LLC now owns 667 shares of the apparel and home fashions retailer’s stock valued at $96,000 after purchasing an additional 72 shares during the period. Valley National Advisers Inc. boosted its holdings in shares of TJX Companies by 2.3% during the 3rd quarter. Valley National Advisers Inc. now owns 3,271 shares of the apparel and home fashions retailer’s stock worth $472,000 after buying an additional 73 shares during the period. Webster Bank N. A. boosted its holdings in shares of TJX Companies by 1.6% during the 3rd quarter. Webster Bank N. A. now owns 4,574 shares of the apparel and home fashions retailer’s stock worth $661,000 after buying an additional 73 shares during the period. REAP Financial Group LLC grew its stake in TJX Companies by 12.1% in the 3rd quarter. REAP Financial Group LLC now owns 676 shares of the apparel and home fashions retailer’s stock valued at $98,000 after buying an additional 73 shares during the last quarter. Finally, Banco de Sabadell S.A grew its stake in TJX Companies by 0.4% in the 2nd quarter. Banco de Sabadell S.A now owns 20,951 shares of the apparel and home fashions retailer’s stock valued at $2,587,000 after buying an additional 77 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of NYSE:TJX opened at $155.42 on Wednesday. The company’s 50 day moving average price is $155.64 and its two-hundred day moving average price is $149.71. The TJX Companies, Inc. has a 12-month low of $113.98 and a 12-month high of $162.68. The firm has a market cap of $172.58 billion, a PE ratio of 31.85, a PEG ratio of 3.59 and a beta of 0.73. The company has a quick ratio of 0.59, a current ratio of 1.14 and a debt-to-equity ratio of 0.18.

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

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of TJX Companies 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 completion of the transaction, the chief executive officer directly owned 479,316 shares of the company’s stock, valued at $77,145,910.20. The trade was a 5.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on TJX. Robert W. Baird set a $168.00 price objective on shares of TJX Companies in a research report on Wednesday, December 17th. BTIG Research reaffirmed 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. Weiss Ratings reiterated a “buy (b+)” rating on shares of TJX Companies in a research note on Wednesday, January 21st. The Goldman Sachs Group lifted their price target on TJX Companies from $163.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Finally, Evercore boosted their price target on TJX Companies from $162.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday, November 20th. Three investment analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company. According to MarketBeat.com, TJX Companies has an average rating of “Buy” and a consensus 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.