The TJX Companies, Inc. $TJX Shares Sold by Renaissance Investment Group LLC

Renaissance Investment Group LLC decreased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 137,395 shares of the apparel and home fashions retailer’s stock after selling 4,019 shares during the period. TJX Companies makes up about 4.3% of Renaissance Investment Group LLC’s portfolio, making the stock its 4th largest position. Renaissance Investment Group LLC’s holdings in TJX Companies were worth $21,105,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. High Note Wealth LLC increased its position in shares of TJX Companies by 12.1% during the 3rd quarter. High Note Wealth LLC now owns 667 shares of the apparel and home fashions retailer’s stock valued at $96,000 after purchasing an additional 72 shares during the last quarter. Valley National Advisers Inc. boosted its holdings in shares of TJX Companies by 2.3% in the 3rd quarter. Valley National Advisers Inc. now owns 3,271 shares of the apparel and home fashions retailer’s stock worth $472,000 after buying an additional 73 shares during the last quarter. Webster Bank N. A. grew its position in TJX Companies by 1.6% during the third quarter. Webster Bank N. A. now owns 4,574 shares of the apparel and home fashions retailer’s stock valued at $661,000 after buying an additional 73 shares during the period. REAP Financial Group LLC grew its position in TJX Companies by 12.1% during the third quarter. REAP Financial Group LLC now owns 676 shares of the apparel and home fashions retailer’s stock valued at $98,000 after buying an additional 73 shares during the period. Finally, Banco de Sabadell S.A increased its holdings in TJX Companies by 0.4% during the second quarter. Banco de Sabadell S.A now owns 20,951 shares of the apparel and home fashions retailer’s stock worth $2,587,000 after buying an additional 77 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $154.70 on Friday. The company has a 50-day moving average price of $155.55 and a two-hundred day moving average price of $149.77. The firm has a market capitalization of $171.78 billion, a PE ratio of 31.70, a P/E/G ratio of 3.52 and a beta of 0.73. The TJX Companies, Inc. has a twelve month low of $113.98 and a twelve month high of $162.68. The company has a quick ratio of 0.59, a current ratio of 1.14 and a debt-to-equity ratio of 0.18.

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, beating analysts’ consensus estimates of $1.38 by $0.05. The business had revenue of $17.74 billion during the quarter, compared to analyst estimates of $17.36 billion. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. TJX Companies’s revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the business earned $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. Equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 30,000 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer owned 479,316 shares of the company’s stock, valued at approximately $77,145,910.20. This represents a 5.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TJX. Robert W. Baird set a $168.00 price objective on shares of TJX Companies in a research report on Wednesday, December 17th. TD Cowen restated a “buy” rating on shares of TJX Companies in a research note on Thursday, November 20th. BTIG Research reaffirmed a “buy” rating and issued a $185.00 price target (up from $165.00) on shares of TJX Companies in a report on Thursday, February 26th. Citigroup reiterated a “buy” rating and issued a $168.00 price objective (up from $160.00) on shares of TJX Companies in a research note on Thursday, November 20th. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of TJX Companies in a report on Wednesday, January 21st. Three investment analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the stock. According to MarketBeat, TJX Companies presently has an average rating of “Buy” and an average price target of $167.55.

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.