The TJX Companies, Inc. $TJX Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 247.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 208,375 shares of the apparel and home fashions retailer’s stock after purchasing an additional 148,437 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in TJX Companies were worth $30,119,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Brighton Jones LLC increased its stake in shares of TJX Companies by 113.7% during the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock valued at $1,817,000 after acquiring an additional 8,002 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in shares of TJX Companies by 12.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock worth $262,000 after acquiring an additional 235 shares during the last quarter. Bison Wealth LLC boosted its position in shares of TJX Companies by 32.9% in the fourth quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer’s stock worth $466,000 after acquiring an additional 955 shares during the last quarter. United Bank grew its holdings in TJX Companies by 7.6% in the second quarter. United Bank now owns 16,298 shares of the apparel and home fashions retailer’s stock valued at $2,013,000 after purchasing an additional 1,155 shares during the period. Finally, Schnieders Capital Management LLC. purchased a new stake in TJX Companies in the second quarter valued at approximately $244,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TJX. Argus raised shares of TJX Companies to a “strong-buy” rating in a research note on Tuesday, March 3rd. Citigroup reissued a “buy” rating and set a $168.00 price objective (up from $160.00) on shares of TJX Companies in a research note on Thursday, November 20th. The Goldman Sachs Group upped their price objective on TJX Companies from $163.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Bank of America increased their target price on TJX Companies from $150.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Finally, BTIG Research reiterated a “buy” rating and issued a $185.00 target price (up from $165.00) on shares of TJX Companies in a report on Thursday, February 26th. Three investment analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $167.55.

TJX Companies Stock Performance

TJX Companies stock opened at $155.74 on Friday. The TJX Companies, Inc. has a 12-month low of $112.10 and a 12-month 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 company has a market capitalization of $172.95 billion, a price-to-earnings ratio of 31.91, a price-to-earnings-growth ratio of 3.63 and a beta of 0.73. The firm’s fifty day moving average price is $155.54 and its 200 day moving average price is $149.14.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data 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. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The company had revenue of $17.74 billion during the quarter, compared to analysts’ expectations of $17.36 billion. During the same period in the prior year, the company posted $1.23 EPS. The firm’s revenue for the quarter 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. On average, research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was 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 $77,145,910.20. This trade represents a 5.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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.