Capital World Investors Purchases New Position in The TJX Companies, Inc. $TJX

Capital World Investors purchased a new position in The TJX Companies, Inc. (NYSE:TJX) in the 3rd quarter, HoldingsChannel reports. The firm purchased 855,557 shares of the apparel and home fashions retailer’s stock, valued at approximately $123,662,000.

Other large investors also recently added to or reduced their stakes in the company. Capital International Sarl raised its position in TJX Companies by 37.2% during the third quarter. Capital International Sarl now owns 15,957 shares of the apparel and home fashions retailer’s stock valued at $2,306,000 after purchasing an additional 4,325 shares during the period. Capital International Inc. CA boosted its holdings in shares of TJX Companies by 46.4% in the 3rd quarter. Capital International Inc. CA now owns 175,695 shares of the apparel and home fashions retailer’s stock worth $25,395,000 after purchasing an additional 55,647 shares during the period. Capital International Investors increased its position in shares of TJX Companies by 4.2% during the 3rd quarter. Capital International Investors now owns 15,678,165 shares of the apparel and home fashions retailer’s stock valued at $2,266,066,000 after purchasing an additional 630,574 shares during the last quarter. Legal & General Group Plc increased its position in shares of TJX Companies by 1.4% during the 3rd quarter. Legal & General Group Plc now owns 5,770,270 shares of the apparel and home fashions retailer’s stock valued at $834,035,000 after purchasing an additional 78,997 shares during the last quarter. Finally, Vestcor Inc raised its holdings in TJX Companies by 33.8% during the 3rd quarter. Vestcor Inc now owns 33,110 shares of the apparel and home fashions retailer’s stock valued at $4,786,000 after buying an additional 8,369 shares during the period. 91.09% of the stock is owned by institutional investors.

Insider Activity at TJX Companies

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 transaction 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 approximately $77,145,910.20. The trade was a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TJX shares. Bank of America raised their price target on TJX Companies from $150.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. BTIG Research reissued a “buy” rating and issued a $185.00 target price (up from $165.00) on shares of TJX Companies in a research note on Thursday, February 26th. Guggenheim upgraded shares of TJX Companies to a “strong-buy” rating in a report on Wednesday, December 10th. Robert W. Baird set a $168.00 price target on shares of TJX Companies in a research note on Wednesday, December 17th. Finally, Telsey Advisory Group upped their price target on shares of TJX Companies from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. Three research analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $167.55.

TJX Companies Trading Down 1.1%

NYSE TJX opened at $157.78 on Thursday. The stock has a market cap of $175.21 billion, a PE ratio of 32.33, a PEG ratio of 3.67 and a beta of 0.73. The TJX Companies, Inc. has a 12 month low of $112.10 and a 12 month high of $162.68. The company’s 50-day moving average price is $155.50 and its 200-day moving average price is $149.09. The company has a current ratio of 1.14, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.05. The company had revenue of $17.74 billion during the quarter, compared to analyst estimates of $17.36 billion. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter last year, the business 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. Equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies 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.