The TJX Companies, Inc. $TJX Shares Bought by DAVENPORT & Co LLC

DAVENPORT & Co LLC boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 896,739 shares of the apparel and home fashions retailer’s stock after purchasing an additional 9,116 shares during the period. DAVENPORT & Co LLC owned approximately 0.08% of TJX Companies worth $138,095,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Gilman Hill Asset Management LLC purchased a new position in TJX Companies in the 4th quarter worth $376,000. Meadowbrook Wealth Management LLC increased its holdings in shares of TJX Companies by 7.5% in the fourth quarter. Meadowbrook Wealth Management LLC now owns 6,128 shares of the apparel and home fashions retailer’s stock valued at $941,000 after purchasing an additional 425 shares during the period. Perennial Advisors LLC raised its stake in shares of TJX Companies by 4.9% in the fourth quarter. Perennial Advisors LLC now owns 32,735 shares of the apparel and home fashions retailer’s stock worth $5,028,000 after purchasing an additional 1,534 shares during the last quarter. JGP Wealth Management LLC raised its stake in shares of TJX Companies by 7.4% in the fourth quarter. JGP Wealth Management LLC now owns 1,579 shares of the apparel and home fashions retailer’s stock worth $243,000 after purchasing an additional 109 shares during the last quarter. Finally, Bill Few Associates Inc. lifted its holdings in shares of TJX Companies by 1.3% during the fourth quarter. Bill Few Associates Inc. now owns 56,722 shares of the apparel and home fashions retailer’s stock worth $8,713,000 after purchasing an additional 745 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE TJX opened at $158.39 on Wednesday. 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 50-day simple moving average of $155.49 and a 200-day simple moving average of $150.30. The TJX Companies, Inc. has a 52 week low of $116.37 and a 52 week high of $162.68. The stock has a market capitalization of $175.89 billion, a price-to-earnings ratio of 32.46, a price-to-earnings-growth ratio of 3.60 and a beta of 0.73.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.05. The business 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 business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $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. On average, equities analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 30,000 shares of the 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 completion of the sale, the chief executive officer owned 479,316 shares of the company’s stock, valued at $77,145,910.20. This represents a 5.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TJX shares. Wall Street Zen downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Guggenheim upgraded shares of TJX Companies to a “strong-buy” rating in a research note on Wednesday, December 10th. Barclays raised their target price on shares of TJX Companies from $172.00 to $183.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. Robert W. Baird set a $168.00 price objective on TJX Companies in a report on Wednesday, December 17th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $170.00 target price on shares of TJX Companies in a research note on Tuesday, January 6th. Three analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $167.55.

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.