Riverbridge Partners LLC Has $3.62 Million Holdings in The TJX Companies, Inc. $TJX

Riverbridge Partners LLC trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 30.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,570 shares of the apparel and home fashions retailer’s stock after selling 10,499 shares during the period. Riverbridge Partners LLC’s holdings in TJX Companies were worth $3,621,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of TJX. Banco Santander S.A. lifted its position in TJX Companies by 24.6% during the 3rd quarter. Banco Santander S.A. now owns 160,368 shares of the apparel and home fashions retailer’s stock worth $23,180,000 after buying an additional 31,631 shares in the last quarter. Bank of Nova Scotia increased its position in TJX Companies by 129.9% in the 2nd quarter. Bank of Nova Scotia now owns 269,813 shares of the apparel and home fashions retailer’s stock valued at $33,319,000 after acquiring an additional 152,453 shares in the last quarter. Rheos Capital Works Inc. raised its stake in shares of TJX Companies by 26.0% in the third quarter. Rheos Capital Works Inc. now owns 370,000 shares of the apparel and home fashions retailer’s stock worth $53,480,000 after acquiring an additional 76,400 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of TJX Companies by 6.0% in the fourth quarter. Nordea Investment Management AB now owns 7,479,163 shares of the apparel and home fashions retailer’s stock worth $1,155,830,000 after acquiring an additional 420,232 shares during the last quarter. Finally, Wealthfront Advisers LLC lifted its position in shares of TJX Companies by 4.9% during the third quarter. Wealthfront Advisers LLC now owns 171,820 shares of the apparel and home fashions retailer’s stock worth $24,835,000 after purchasing an additional 8,006 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Down 1.3%

TJX opened at $157.62 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.59. The company has a market cap of $175.03 billion, a price-to-earnings ratio of 32.30, a price-to-earnings-growth ratio of 3.67 and a beta of 0.73. The firm has a 50 day simple moving average of $155.61 and a 200 day simple moving average of $150.41. The TJX Companies, Inc. has a fifty-two week low of $116.37 and a fifty-two week high of $162.68.

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, beating 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 firm had revenue of $17.74 billion for the quarter, compared to analysts’ expectations of $17.36 billion. During the same period last year, the firm earned $1.23 earnings per share. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. 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 year.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer owned 479,316 shares of the company’s stock, valued at approximately $77,145,910.20. This represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TJX shares. Robert W. Baird set a $168.00 price target on shares of TJX Companies in a research note on Wednesday, December 17th. Wells Fargo & Company reaffirmed a “positive” rating and set a $150.00 price objective (up from $145.00) on shares of TJX Companies in a report on Tuesday, December 16th. Telsey Advisory Group increased their price objective on TJX Companies from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, February 26th. UBS Group reissued a “buy” rating on shares of TJX Companies in a research note on Wednesday, March 4th. Finally, Wall Street Zen downgraded TJX Companies from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Three analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the stock. Based on data from MarketBeat, TJX Companies presently has a consensus rating of “Buy” and a consensus target price of $167.55.

TJX Companies Company 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.