Park National Corp OH Sells 14,223 Shares of The TJX Companies, Inc. $TJX

Park National Corp OH decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 5.2% during the fourth quarter, HoldingsChannel reports. The firm owned 261,136 shares of the apparel and home fashions retailer’s stock after selling 14,223 shares during the quarter. TJX Companies comprises approximately 1.3% of Park National Corp OH’s holdings, making the stock its 16th biggest position. Park National Corp OH’s holdings in TJX Companies were worth $40,113,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. High Note Wealth LLC boosted its holdings in shares of TJX Companies by 12.1% during the 3rd quarter. High Note Wealth LLC now owns 667 shares of the apparel and home fashions retailer’s stock worth $96,000 after buying an additional 72 shares during the period. Valley National Advisers Inc. raised its holdings in TJX Companies by 2.3% in the 3rd quarter. Valley National Advisers Inc. now owns 3,271 shares of the apparel and home fashions retailer’s stock worth $472,000 after acquiring an additional 73 shares during the period. Webster Bank N. A. lifted its position in TJX Companies by 1.6% during the 3rd quarter. Webster Bank N. A. now owns 4,574 shares of the apparel and home fashions retailer’s stock worth $661,000 after acquiring an additional 73 shares during the last quarter. REAP Financial Group LLC boosted its holdings in TJX Companies by 12.1% during the third quarter. REAP Financial Group LLC now owns 676 shares of the apparel and home fashions retailer’s stock valued at $98,000 after acquiring an additional 73 shares during the period. Finally, Banco de Sabadell S.A boosted its holdings in TJX Companies by 0.4% during the second quarter. Banco de Sabadell S.A now owns 20,951 shares of the apparel and home fashions retailer’s stock valued at $2,587,000 after acquiring an additional 77 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TJX shares. JPMorgan Chase & Co. raised their price target on TJX Companies from $154.00 to $173.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Guggenheim upgraded TJX Companies to a “strong-buy” rating in a research note on Wednesday, December 10th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of TJX Companies in a report on Wednesday, January 21st. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $170.00 price target on shares of TJX Companies in a research report on Tuesday, January 6th. Finally, Barclays upped their price target on TJX Companies from $172.00 to $183.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. Three equities research analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company. According to MarketBeat, TJX Companies currently has a consensus rating of “Buy” and a consensus target price of $167.55.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was 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 in the company, valued at approximately $77,145,910.20. This trade represents a 5.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Stock Up 1.2%

Shares of TJX opened at $154.70 on Friday. The company has a 50-day simple moving average of $155.55 and a 200-day simple moving average of $149.77. The firm has a market capitalization of $171.78 billion, a P/E ratio of 31.70, a P/E/G ratio of 3.52 and a beta of 0.73. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.14. The TJX Companies, Inc. has a 52 week low of $113.98 and a 52 week high of $162.68.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share 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 business had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $17.36 billion. During the same period last year, the business earned $1.23 earnings per share. The firm’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. On average, equities research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current 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.