The TJX Companies, Inc. $TJX Shares Bought by Groupama Asset Managment

Groupama Asset Managment grew its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 12.0% during the third quarter, HoldingsChannel reports. The firm owned 552,307 shares of the apparel and home fashions retailer’s stock after buying an additional 59,010 shares during the period. Groupama Asset Managment’s holdings in TJX Companies were worth $79,830,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Lavaca Capital LLC acquired a new position in TJX Companies in the 2nd quarter worth $25,000. Dogwood Wealth Management LLC grew its stake in shares of TJX Companies by 102.2% during the third quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer’s stock valued at $26,000 after acquiring an additional 92 shares in the last quarter. GGM Financials LLC acquired a new stake in shares of TJX Companies during the third quarter valued at about $27,000. Imprint Wealth LLC purchased a new stake in shares of TJX Companies during the third quarter worth about $27,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new stake in shares of TJX Companies during the third quarter worth about $28,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TJX shares. Barclays increased their price target on TJX Companies from $172.00 to $183.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. Morgan Stanley restated an “overweight” rating and set a $162.00 price objective (up from $159.00) on shares of TJX Companies in a report on Thursday, November 20th. UBS Group reiterated a “buy” rating on shares of TJX Companies in a research note on Wednesday, March 4th. Weiss Ratings reissued a “buy (b+)” rating on shares of TJX Companies in a research report on Wednesday, January 21st. Finally, Sanford C. Bernstein restated 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. According to data from MarketBeat, TJX Companies has an average rating of “Buy” and a consensus price target of $167.55.

TJX Companies Trading Down 1.6%

NYSE TJX opened at $152.83 on Thursday. 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 TJX Companies, Inc. has a one year low of $113.98 and a one year high of $162.68. The company has a 50-day simple moving average of $155.61 and a 200-day simple moving average of $149.74. The firm has a market capitalization of $169.71 billion, a PE ratio of 31.32, a price-to-earnings-growth ratio of 3.57 and a beta of 0.73.

TJX Companies (NYSE:TJX) last released its quarterly earnings data 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. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The firm had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.36 billion. During the same quarter in the prior year, the business earned $1.23 earnings per share. TJX Companies’s quarterly 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. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 30,000 shares of the 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 sale, the chief executive officer directly owned 479,316 shares in the company, valued at approximately $77,145,910.20. This represents a 5.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.