SG Americas Securities LLC Has $86.13 Million Position in The TJX Companies, Inc. $TJX

SG Americas Securities LLC cut its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 23.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 560,690 shares of the apparel and home fashions retailer’s stock after selling 167,710 shares during the quarter. SG Americas Securities LLC owned approximately 0.05% of TJX Companies worth $86,128,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of TJX. Norges Bank acquired a new position in shares of TJX Companies during the second quarter valued at about $1,808,774,000. Laurel Wealth Advisors LLC grew its stake in shares of TJX Companies by 12,417.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,057,273 shares of the apparel and home fashions retailer’s stock valued at $501,033,000 after buying an additional 4,024,859 shares during the period. Alliancebernstein L.P. grew its stake in shares of TJX Companies by 91.6% in the 3rd quarter. Alliancebernstein L.P. now owns 6,712,226 shares of the apparel and home fashions retailer’s stock valued at $970,185,000 after buying an additional 3,208,458 shares during the period. Corient Private Wealth LLC increased its position in TJX Companies by 120.7% in the 2nd quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer’s stock valued at $620,406,000 after buying an additional 2,743,676 shares in the last quarter. Finally, Amundi increased its position in TJX Companies by 22.1% in the 3rd quarter. Amundi now owns 9,725,542 shares of the apparel and home fashions retailer’s stock valued at $1,391,822,000 after buying an additional 1,761,281 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 30,000 shares of the firm’s stock in a transaction dated 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 directly owned 479,316 shares of the company’s stock, valued at $77,145,910.20. This trade represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Trading Up 1.2%

Shares of TJX Companies stock opened at $158.39 on Wednesday. The stock has a fifty day simple moving average of $155.49 and a 200 day simple moving average of $150.30. The TJX Companies, Inc. has a 12-month low of $116.37 and a 12-month high of $162.68. The company has a market capitalization of $175.89 billion, a P/E ratio of 32.46, a price-to-earnings-growth ratio of 3.60 and a beta of 0.73. 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 issued its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.05. The business had revenue of $17.74 billion for the quarter, compared to analysts’ expectations of $17.36 billion. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The business’s revenue was up 8.5% on a year-over-year basis. During the same period last year, the business earned $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. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TJX. UBS Group reiterated a “buy” rating on shares of TJX Companies in a report on Wednesday, March 4th. Wall Street Zen lowered TJX Companies from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings reiterated a “buy (b+)” rating on shares of TJX Companies in a report on Wednesday, January 21st. JPMorgan Chase & Co. lifted their price target on shares of TJX Companies from $154.00 to $173.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Finally, Wells Fargo & Company restated a “positive” rating and set a $150.00 price target (up from $145.00) on shares of TJX Companies in a research note on Tuesday, December 16th. Three analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $167.55.

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.