Dynamic Technology Lab Private Ltd Trims Holdings in The TJX Companies, Inc. $TJX

Dynamic Technology Lab Private Ltd lowered its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 74.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,855 shares of the apparel and home fashions retailer’s stock after selling 14,290 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in TJX Companies were worth $702,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Lavaca Capital LLC acquired a new position in shares of TJX Companies during the 2nd quarter valued at about $25,000. Dogwood Wealth Management LLC increased its position in 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 purchasing an additional 92 shares during the last quarter. GGM Financials LLC purchased a new position in TJX Companies during the third quarter worth about $27,000. Howard Hughes Medical Institute purchased a new position in TJX Companies during the second quarter worth about $30,000. Finally, Capital A Wealth Management LLC boosted its holdings 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 purchasing an additional 233 shares during the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 30,000 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the completion of the transaction, the chief executive officer directly owned 479,316 shares in the company, 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 filing with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TJX shares. BTIG Research restated a “buy” rating and set a $185.00 price target (up from $165.00) on shares of TJX Companies in a report on Thursday, February 26th. Robert W. Baird set a $168.00 price objective on TJX Companies in a report on Wednesday, December 17th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $170.00 price objective on shares of TJX Companies in a research report on Tuesday, January 6th. Telsey Advisory Group raised their target price on TJX Companies from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Finally, Deutsche Bank Aktiengesellschaft set a $184.00 target price on TJX Companies in a research report on Thursday, January 8th. Three analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $167.55.

TJX Companies Price Performance

TJX Companies stock opened at $158.06 on Tuesday. The company’s 50 day simple moving average is $155.33 and its 200-day simple moving average is $148.87. 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 1 year low of $112.10 and a 1 year high of $162.68. The company has a market capitalization of $175.52 billion, a price-to-earnings ratio of 32.39, a price-to-earnings-growth ratio of 3.67 and a beta of 0.73.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data 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 net margin of 9.10% and a return on equity of 57.70%. The firm had revenue of $17.74 billion during the quarter, compared to analysts’ expectations of $17.36 billion. During the same quarter last year, the company posted $1.23 EPS. The firm’s quarterly revenue 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. As a group, equities research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

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.