Teamwork Financial Advisors LLC Buys 82,752 Shares of The TJX Companies, Inc. $TJX

Teamwork Financial Advisors LLC grew its stake in The TJX Companies, Inc. (NYSE:TJX) by 4,607.6% during the fourth quarter, HoldingsChannel reports. The firm owned 84,548 shares of the apparel and home fashions retailer’s stock after buying an additional 82,752 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in TJX Companies were worth $12,987,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Banco Santander S.A. grew its holdings in TJX Companies by 24.6% during the 3rd 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 during the last quarter. Bank of Nova Scotia raised its stake in shares of TJX Companies by 129.9% during 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 acquiring an additional 152,453 shares during the last quarter. Rheos Capital Works Inc. raised its stake in shares of TJX Companies by 26.0% during 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 acquiring an additional 76,400 shares during the last quarter. Wealthfront Advisers LLC lifted its holdings in shares of TJX Companies by 4.9% during the third 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 during the period. Finally, Savoir Faire Capital Management L.P. grew its stake in shares of TJX Companies by 45.7% in the third quarter. Savoir Faire Capital Management L.P. now owns 81,361 shares of the apparel and home fashions retailer’s stock worth $11,760,000 after purchasing an additional 25,534 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 30,000 shares of TJX Companies stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $160.95, for a total value of $4,828,500.00. Following the completion of the sale, the chief executive officer owned 479,316 shares in the company, valued at $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 available through this link. 0.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TJX. Guggenheim raised TJX Companies to a “strong-buy” rating in a research report on Wednesday, December 10th. Robert W. Baird set a $168.00 price target on TJX Companies in a research report on Wednesday, December 17th. Argus raised TJX Companies to a “strong-buy” rating in a research note on Tuesday, March 3rd. UBS Group restated a “buy” rating on shares of TJX Companies in a research report on Wednesday, March 4th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $170.00 target price on shares of TJX Companies in a report on Tuesday, January 6th. 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 data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $167.55.

TJX Companies Stock Up 0.2%

Shares of NYSE:TJX opened at $154.99 on Monday. 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 moving average is $155.49 and its 200-day moving average is $150.05. The company has a market capitalization of $172.11 billion, a price-to-earnings ratio of 31.76, a P/E/G ratio of 3.56 and a beta of 0.73.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS for the quarter, topping the consensus estimate of $1.38 by $0.05. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The business had revenue of $17.74 billion during the quarter, compared to analysts’ expectations of $17.36 billion. During the same quarter last year, the firm posted $1.23 earnings per share. The firm’s revenue was up 8.5% on a year-over-year basis. 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.

TJX Companies Company 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.