The TJX Companies, Inc. $TJX Position Boosted by Vestcor Inc

Vestcor Inc increased its position in The TJX Companies, Inc. (NYSE:TJX) by 33.8% in the third quarter, Holdings Channel reports. The firm owned 33,110 shares of the apparel and home fashions retailer’s stock after purchasing an additional 8,369 shares during the quarter. Vestcor Inc’s holdings in TJX Companies were worth $4,786,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lavaca Capital LLC bought a new position in TJX Companies during the 2nd quarter worth approximately $25,000. Dogwood Wealth Management LLC grew its position in shares of TJX Companies by 102.2% in the 3rd quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer’s stock worth $26,000 after acquiring an additional 92 shares in the last quarter. GGM Financials LLC bought a new stake in shares of TJX Companies in the 3rd quarter valued at approximately $27,000. Howard Hughes Medical Institute bought a new stake in shares of TJX Companies in the 2nd quarter valued at approximately $30,000. Finally, Capital A Wealth Management LLC raised its position in shares of TJX Companies by 776.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 263 shares of the apparel and home fashions retailer’s stock valued at $32,000 after acquiring an additional 233 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

TJX Companies Trading Down 0.8%

NYSE:TJX opened at $158.06 on Tuesday. The firm has a market capitalization of $175.52 billion, a P/E ratio of 32.39, a P/E/G ratio of 3.67 and a beta of 0.73. The business has a 50 day simple moving average of $155.33 and a 200 day simple moving average of $148.87. 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 TJX Companies, Inc. has a 12-month low of $112.10 and a 12-month high of $162.68.

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. 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 last year, the company earned $1.23 earnings per share. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. 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 research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Analysts Set New Price Targets

TJX has been the topic of several research analyst reports. Wall Street Zen cut TJX Companies from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Telsey Advisory Group increased their target price on shares of TJX Companies from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, February 26th. Morgan Stanley restated an “overweight” rating and issued a $162.00 price target (up from $159.00) on shares of TJX Companies in a research report on Thursday, November 20th. Robert W. Baird set a $168.00 price target on shares of TJX Companies in a report on Wednesday, December 17th. Finally, The Goldman Sachs Group boosted their price objective on shares of TJX Companies from $163.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Three equities research analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $167.55.

Insider Buying and Selling at TJX Companies

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