The TJX Companies, Inc. $TJX Stock Position Trimmed by Congress Asset Management Co.

Congress Asset Management Co. decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 1.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,222,988 shares of the apparel and home fashions retailer’s stock after selling 21,647 shares during the period. TJX Companies makes up approximately 1.3% of Congress Asset Management Co.’s holdings, making the stock its 11th biggest position. Congress Asset Management Co.’s holdings in TJX Companies were worth $187,863,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Clear Trail Advisors LLC bought a new stake in shares of TJX Companies during the fourth quarter valued at approximately $4,325,000. Carderock Capital Management Inc. bought a new position in TJX Companies in the 4th quarter worth approximately $1,821,000. Assenagon Asset Management S.A. grew its holdings in TJX Companies by 99.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,218,318 shares of the apparel and home fashions retailer’s stock worth $340,756,000 after buying an additional 1,103,340 shares in the last quarter. Diversified Trust Co. increased its position in TJX Companies by 114.6% in the 4th quarter. Diversified Trust Co. now owns 54,594 shares of the apparel and home fashions retailer’s stock valued at $8,386,000 after acquiring an additional 29,152 shares during the period. Finally, Westview Management dba Westview Investment Advisors acquired a new stake in TJX Companies in the 4th quarter valued at approximately $3,962,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Trading Up 1.0%

Shares of TJX Companies stock opened at $156.47 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The firm has a market cap of $173.75 billion, a price-to-earnings ratio of 32.06, a price-to-earnings-growth ratio of 3.56 and a beta of 0.73. The business has a fifty day simple moving average of $155.48 and a 200-day simple moving average of $150.16. 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 released its 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. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The firm had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.36 billion. During the same period in the previous year, the company earned $1.23 earnings per share. TJX Companies’s revenue was up 8.5% compared to the same quarter last year. 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. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TJX shares. UBS Group reiterated a “buy” rating on shares of TJX Companies in a research report on Wednesday, March 4th. Weiss Ratings restated a “buy (b+)” rating on shares of TJX Companies in a research note on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft set a $184.00 price objective on shares of TJX Companies in a report on Thursday, January 8th. Guggenheim upgraded shares of TJX Companies to a “strong-buy” rating in a research report on Wednesday, December 10th. Finally, JPMorgan Chase & Co. boosted their price target 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. Three analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $167.55.

Insider Activity

In other news, CEO Ernie Herrman sold 30,000 shares of TJX Companies stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $160.95, for a total value of $4,828,500.00. Following the transaction, the chief executive officer owned 479,316 shares of the company’s stock, valued at $77,145,910.20. The trade was a 5.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.13% of the stock is owned by corporate insiders.

TJX Companies Company 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.