The TJX Companies, Inc. $TJX Stake Lessened by Professional Advisory Services Inc.

Professional Advisory Services Inc. lowered its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 152,883 shares of the apparel and home fashions retailer’s stock after selling 7,691 shares during the quarter. TJX Companies comprises 3.0% of Professional Advisory Services Inc.’s portfolio, making the stock its 12th largest position. Professional Advisory Services Inc.’s holdings in TJX Companies were worth $23,484,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. DAVENPORT & Co LLC boosted its holdings in TJX Companies by 1.0% in the fourth quarter. DAVENPORT & Co LLC now owns 896,739 shares of the apparel and home fashions retailer’s stock worth $138,095,000 after purchasing an additional 9,116 shares during the period. Gilman Hill Asset Management LLC acquired a new stake in shares of TJX Companies during the fourth quarter worth $376,000. Meadowbrook Wealth Management LLC lifted its position in shares of TJX Companies by 7.5% in the 4th quarter. Meadowbrook Wealth Management LLC now owns 6,128 shares of the apparel and home fashions retailer’s stock worth $941,000 after buying an additional 425 shares during the last quarter. Perennial Advisors LLC boosted its holdings in shares of TJX Companies by 4.9% in the 4th quarter. Perennial Advisors LLC now owns 32,735 shares of the apparel and home fashions retailer’s stock valued at $5,028,000 after buying an additional 1,534 shares during the period. Finally, JGP Wealth Management LLC grew its position in shares of TJX Companies by 7.4% during the 4th quarter. JGP Wealth Management LLC now owns 1,579 shares of the apparel and home fashions retailer’s stock valued at $243,000 after buying an additional 109 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Trading Up 1.2%

TJX Companies stock opened at $158.39 on Wednesday. The TJX Companies, Inc. has a 12-month low of $116.37 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 stock has a market capitalization of $175.89 billion, a PE ratio of 32.46, a price-to-earnings-growth ratio of 3.60 and a beta of 0.73. The firm has a 50 day simple moving average of $155.49 and a 200-day simple moving average of $150.30.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS for the quarter, topping the consensus estimate of $1.38 by $0.05. The firm had revenue of $17.74 billion for the quarter, compared to analysts’ expectations of $17.36 billion. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company 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. As a group, equities research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 30,000 shares of the business’s 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 sale, the chief executive officer owned 479,316 shares of the company’s stock, valued at approximately $77,145,910.20. The trade was a 5.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TJX. Sanford C. Bernstein reiterated an “outperform” rating and set a $170.00 price objective on shares of TJX Companies in a research note on Tuesday, January 6th. Wells Fargo & Company reaffirmed a “positive” rating and set a $150.00 target price (up from $145.00) on shares of TJX Companies in a report on Tuesday, December 16th. JPMorgan Chase & Co. increased their price target on TJX Companies from $154.00 to $173.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. BTIG Research reissued 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. Finally, Argus upgraded TJX Companies to a “strong-buy” rating in a research report on Tuesday, March 3rd. Three investment 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 stock presently has an average rating of “Buy” and a consensus target price 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.