Cannell & Spears LLC Has $47.60 Million Stock Position in The TJX Companies, Inc. $TJX

Cannell & Spears LLC lowered its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 329,332 shares of the apparel and home fashions retailer’s stock after selling 5,374 shares during the period. TJX Companies makes up about 0.9% of Cannell & Spears LLC’s holdings, making the stock its 29th biggest holding. Cannell & Spears LLC’s holdings in TJX Companies were worth $47,602,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Banco Santander S.A. increased 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 valued at $23,180,000 after purchasing an additional 31,631 shares during the period. Bank of Nova Scotia lifted its position in shares of 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 worth $33,319,000 after purchasing an additional 152,453 shares during the period. Empowered Funds LLC lifted its position in shares of TJX Companies by 66.6% in the 2nd quarter. Empowered Funds LLC now owns 76,998 shares of the apparel and home fashions retailer’s stock worth $9,508,000 after purchasing an additional 30,779 shares during the period. Rheos Capital Works Inc. boosted its stake in shares of TJX Companies by 26.0% in the 3rd quarter. Rheos Capital Works Inc. now owns 370,000 shares of the apparel and home fashions retailer’s stock valued at $53,480,000 after purchasing an additional 76,400 shares during the last quarter. Finally, Wealthfront Advisers LLC boosted its stake in shares of TJX Companies by 4.9% in the 3rd quarter. Wealthfront Advisers LLC now owns 171,820 shares of the apparel and home fashions retailer’s stock valued at $24,835,000 after purchasing an additional 8,006 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Down 0.3%

TJX Companies stock opened at $155.40 on Friday. The company has a market capitalization of $172.56 billion, a PE ratio of 31.84, a PEG ratio of 3.57 and a beta of 0.73. The TJX Companies, Inc. has a 12-month low of $112.30 and a 12-month high of $162.68. The firm’s fifty day moving average is $155.56 and its 200 day moving average is $149.36. The company has a quick ratio of 0.59, a current ratio of 1.14 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last posted 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 during the quarter, compared to analysts’ expectations of $17.36 billion. During the same period last year, the company posted $1.23 earnings per share. The business’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, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

Insider Activity at TJX Companies

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. BTIG Research reissued a “buy” rating and set a $185.00 target price (up from $165.00) on shares of TJX Companies in a research note on Thursday, February 26th. Wall Street Zen cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Citigroup reiterated a “buy” rating and set a $168.00 price target (up from $160.00) on shares of TJX Companies in a report on Thursday, November 20th. The Goldman Sachs Group lifted their price objective on TJX Companies from $163.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $170.00 target price on shares of TJX Companies in a research report on Tuesday, January 6th. Three equities research analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price 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.