Community Trust & Investment Co. Has $23.11 Million Stock Position in The TJX Companies, Inc. $TJX

Community Trust & Investment Co. lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 150,469 shares of the apparel and home fashions retailer’s stock after selling 3,836 shares during the quarter. TJX Companies makes up 1.2% of Community Trust & Investment Co.’s investment portfolio, making the stock its 21st biggest holding. Community Trust & Investment Co.’s holdings in TJX Companies were worth $23,114,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Carderock Capital Management Inc. bought a new stake in shares of TJX Companies in the 4th quarter valued at about $1,821,000. Assenagon Asset Management S.A. increased its stake in shares of TJX Companies by 99.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,218,318 shares of the apparel and home fashions retailer’s stock valued at $340,756,000 after buying an additional 1,103,340 shares during the period. Diversified Trust Co. raised its position in shares of TJX Companies by 114.6% during the fourth quarter. Diversified Trust Co. now owns 54,594 shares of the apparel and home fashions retailer’s stock worth $8,386,000 after acquiring an additional 29,152 shares during the last quarter. Westview Management dba Westview Investment Advisors bought a new position in shares of TJX Companies during the fourth quarter worth about $3,962,000. Finally, Teamwork Financial Advisors LLC lifted its stake in shares of TJX Companies by 4,607.6% in the fourth quarter. Teamwork Financial Advisors LLC now owns 84,548 shares of the apparel and home fashions retailer’s stock worth $12,987,000 after acquiring an additional 82,752 shares during the period. Institutional investors own 91.09% of the company’s stock.

Insider Activity

In related news, CEO Ernie Herrman sold 30,000 shares of the business’s stock in a transaction 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 transaction, the chief executive officer owned 479,316 shares in the company, valued at $77,145,910.20. The trade was a 5.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by insiders.

TJX Companies Trading Up 1.0%

Shares of TJX stock opened at $156.47 on Tuesday. The company has a market cap of $173.75 billion, a P/E ratio of 32.06, a PEG ratio of 3.56 and a beta of 0.73. The stock has a 50 day simple moving average of $155.48 and a two-hundred day simple moving average of $150.16. 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 fifty-two week low of $116.37 and a fifty-two week high of $162.68.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the prior 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. Research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Robert W. Baird set a $168.00 target price on TJX Companies in a report on Wednesday, December 17th. Wall Street Zen downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Telsey Advisory Group upped their price objective on shares of TJX Companies from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th. Deutsche Bank Aktiengesellschaft set a $184.00 price objective on shares of TJX Companies in a research report on Thursday, January 8th. Finally, BTIG Research reissued a “buy” rating and set a $185.00 target price (up from $165.00) on shares of TJX Companies in a research note on Thursday, February 26th. Three equities research analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus 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.