Pinnbrook Capital Management LP Takes Position in The TJX Companies, Inc. $TJX

Pinnbrook Capital Management LP bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 18,528 shares of the apparel and home fashions retailer’s stock, valued at approximately $2,678,000.

A number of other institutional investors have also made changes to their positions in TJX. Perbak Capital Partners LLP bought a new stake in TJX Companies in the 3rd quarter valued at $946,000. Brown Brothers Harriman & Co. boosted its position in TJX Companies by 15.5% during the third quarter. Brown Brothers Harriman & Co. now owns 26,392 shares of the apparel and home fashions retailer’s stock worth $3,815,000 after purchasing an additional 3,543 shares during the period. Capital Wealth Planning LLC boosted its position in TJX Companies by 6.6% during the third quarter. Capital Wealth Planning LLC now owns 4,119,698 shares of the apparel and home fashions retailer’s stock worth $595,461,000 after purchasing an additional 254,062 shares during the period. FORA Capital LLC increased its holdings in shares of TJX Companies by 89.3% in the third quarter. FORA Capital LLC now owns 5,296 shares of the apparel and home fashions retailer’s stock valued at $765,000 after purchasing an additional 2,498 shares during the last quarter. Finally, Pathstone Holdings LLC increased its holdings in shares of TJX Companies by 22.0% in the third quarter. Pathstone Holdings LLC now owns 824,516 shares of the apparel and home fashions retailer’s stock valued at $109,049,000 after purchasing an additional 148,715 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Trading Down 0.3%

Shares of TJX Companies stock opened at $155.40 on Friday. The firm has a 50-day moving average of $155.56 and a 200-day moving average of $149.28. The stock has a market cap of $172.56 billion, a PE ratio of 31.84, a PEG ratio of 3.58 and a beta of 0.73. The TJX Companies, Inc. has a 52-week low of $112.30 and a 52-week high of $162.68. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.14.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.05. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The business had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.36 billion. During the same period last year, the firm earned $1.23 earnings per share. TJX Companies’s revenue for the quarter 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. As a group, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft set a $184.00 target price on shares of TJX Companies in a research note on Thursday, January 8th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $170.00 price target on shares of TJX Companies in a research note on Tuesday, January 6th. Wall Street Zen cut 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 report on Wednesday, December 10th. Finally, Argus upgraded TJX Companies to a “strong-buy” rating in a report on Tuesday, March 3rd. Three equities research analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the stock. According to MarketBeat, TJX Companies has a consensus rating of “Buy” and a consensus target price of $167.55.

Insider Activity

In other TJX Companies 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 transaction of $4,828,500.00. Following the transaction, the chief executive officer owned 479,316 shares in the company, valued at $77,145,910.20. This represents a 5.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by insiders.

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.