Wealth Enhancement Advisory Services LLC Has $207.60 Million Position in The TJX Companies, Inc. $TJX

Wealth Enhancement Advisory Services LLC grew its position in The TJX Companies, Inc. (NYSE:TJX) by 44.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,348,726 shares of the apparel and home fashions retailer’s stock after acquiring an additional 415,478 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.12% of TJX Companies worth $207,601,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TJX. Vanguard Group Inc. lifted its stake in TJX Companies by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 101,961,786 shares of the apparel and home fashions retailer’s stock valued at $14,737,557,000 after purchasing an additional 820,730 shares during the last quarter. State Street Corp increased its position in TJX Companies by 0.6% during the second quarter. State Street Corp now owns 48,595,536 shares of the apparel and home fashions retailer’s stock worth $6,001,063,000 after buying an additional 285,737 shares during the last quarter. Capital International Investors raised its stake in TJX Companies by 4.2% in the third quarter. Capital International Investors now owns 15,678,165 shares of the apparel and home fashions retailer’s stock valued at $2,266,066,000 after buying an additional 630,574 shares during the period. Norges Bank acquired a new stake in shares of TJX Companies in the second quarter valued at approximately $1,808,774,000. Finally, Ameriprise Financial Inc. lifted its position in shares of TJX Companies by 3.0% in the third quarter. Ameriprise Financial Inc. now owns 13,391,533 shares of the apparel and home fashions retailer’s stock valued at $1,939,435,000 after buying an additional 392,097 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 30,000 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the transaction, the chief executive officer directly owned 479,316 shares of the company’s stock, valued at approximately $77,145,910.20. This trade represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on TJX shares. Robert W. Baird set a $168.00 target price on TJX Companies in a report on Wednesday, December 17th. JPMorgan Chase & Co. lifted their price objective on shares of TJX Companies from $154.00 to $173.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Wells Fargo & Company reiterated a “positive” rating and issued a $150.00 price objective (up from $145.00) on shares of TJX Companies in a report on Tuesday, December 16th. Barclays increased their price objective on shares of TJX Companies from $172.00 to $183.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. Finally, Telsey Advisory Group raised their target price on shares of TJX Companies from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Three research analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $167.55.

TJX Companies Stock Performance

NYSE:TJX opened at $154.99 on Friday. The stock has a market cap of $172.11 billion, a P/E ratio of 31.76, a PEG ratio of 3.56 and a beta of 0.73. The stock has a 50 day simple moving average of $155.49 and a 200 day simple moving average of $149.98. The company has a current ratio of 1.14, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a 1-year low of $113.98 and a 1-year high of $162.68.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.05. The firm had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.36 billion. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.23 EPS. 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. Research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

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.