Diversify Advisory Services LLC Sells 7,277 Shares of The TJX Companies, Inc. $TJX

Diversify Advisory Services LLC decreased its stake in The TJX Companies, Inc. (NYSE:TJX) by 26.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,993 shares of the apparel and home fashions retailer’s stock after selling 7,277 shares during the quarter. Diversify Advisory Services LLC’s holdings in TJX Companies were worth $2,807,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of TJX. Banco Santander S.A. raised its position in TJX Companies by 24.6% in 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 purchasing an additional 31,631 shares during the period. Bank of Nova Scotia boosted its position 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 buying an additional 152,453 shares during the period. Empowered Funds LLC boosted its position in shares of TJX Companies by 66.6% during the second quarter. Empowered Funds LLC now owns 76,998 shares of the apparel and home fashions retailer’s stock valued at $9,508,000 after buying an additional 30,779 shares during the period. Rheos Capital Works Inc. grew 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 buying an additional 76,400 shares during the last quarter. Finally, Wealthfront Advisers LLC grew its stake 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 valued at $24,835,000 after buying an additional 8,006 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Down 0.8%

NYSE:TJX opened at $158.06 on Tuesday. The firm has a 50-day simple moving average of $155.33 and a 200-day simple moving average of $148.87. The TJX Companies, Inc. has a one year low of $112.10 and a one year high of $162.68. The firm has a market cap of $175.52 billion, a P/E ratio of 32.39, a P/E/G ratio of 3.67 and a beta of 0.73. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.14.

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 (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 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 company’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the firm 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 analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TJX. Wall Street Zen lowered TJX Companies from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. The Goldman Sachs Group upped their price objective on TJX Companies from $163.00 to $170.00 and gave the company a “buy” rating in a research 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 note on Thursday, November 20th. TD Cowen reiterated a “buy” rating on shares of TJX Companies in a research report on Thursday, November 20th. Finally, Barclays boosted their target price on shares of TJX Companies from $172.00 to $183.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. Three investment analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $167.55.

Insider Transactions 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 stock was sold at an average price of $160.95, for a total value of $4,828,500.00. Following the transaction, the chief executive officer directly owned 479,316 shares in the company, valued at approximately $77,145,910.20. This trade represents a 5.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.13% of the company’s stock.

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.