Invesco Ltd. Has $1.12 Billion Holdings in The TJX Companies, Inc. $TJX

Invesco Ltd. trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX) by 14.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,766,924 shares of the apparel and home fashions retailer’s stock after selling 1,314,163 shares during the period. Invesco Ltd. owned about 0.70% of TJX Companies worth $1,122,631,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of TJX. Lavaca Capital LLC bought a new position in TJX Companies in the second quarter valued at approximately $25,000. Dogwood Wealth Management LLC increased its position in shares of TJX Companies by 102.2% during the third 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 acquired a new stake in shares of TJX Companies during the third quarter worth $27,000. Howard Hughes Medical Institute bought a new stake in TJX Companies in the 2nd quarter valued at $30,000. Finally, Capital A Wealth Management LLC lifted its position in TJX Companies by 776.7% in 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. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 30,000 shares of TJX Companies 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 completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TJX shares. The Goldman Sachs Group increased their target price on TJX Companies from $163.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Deutsche Bank Aktiengesellschaft set a $184.00 price objective on TJX Companies in a research report on Thursday, January 8th. Morgan Stanley reiterated an “overweight” rating and set a $162.00 price objective (up from $159.00) on shares of TJX Companies in a report on Thursday, November 20th. Bank of America lifted their target price on TJX Companies from $150.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Finally, UBS Group reaffirmed a “buy” rating on shares of TJX Companies in a research report on Wednesday, March 4th. Three research analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the stock. According to data from MarketBeat.com, TJX Companies has an average rating of “Buy” and a consensus price target of $167.55.

TJX Companies Stock Down 1.4%

TJX stock opened at $155.74 on Friday. The company has a market cap of $172.95 billion, a price-to-earnings ratio of 31.91, a P/E/G ratio of 3.63 and a beta of 0.73. The TJX Companies, Inc. has a twelve month low of $112.10 and a twelve month high of $162.68. The business has a 50 day moving average price of $155.54 and a two-hundred day moving average price of $149.14. The company has a quick ratio of 0.59, a current ratio of 1.14 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 (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 company had revenue of $17.74 billion for the quarter, compared to analysts’ expectations of $17.36 billion. During the same quarter in the prior year, the business posted $1.23 EPS. The business’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. Analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

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.