Gotham Asset Management LLC Has $33.10 Million Holdings in The TJX Companies, Inc. $TJX

Gotham Asset Management LLC lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 17.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 228,991 shares of the apparel and home fashions retailer’s stock after purchasing an additional 33,531 shares during the quarter. Gotham Asset Management LLC’s holdings in TJX Companies were worth $33,098,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. High Note Wealth LLC grew its position in TJX Companies by 12.1% during the third 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 in the last quarter. Valley National Advisers Inc. increased its stake in TJX Companies by 2.3% during 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. raised its holdings in TJX Companies by 1.6% in the 3rd quarter. Webster Bank N. A. now owns 4,574 shares of the apparel and home fashions retailer’s stock valued at $661,000 after acquiring an additional 73 shares in the last quarter. REAP Financial Group LLC lifted its position in shares of TJX Companies by 12.1% during the 3rd 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 grew its holdings in shares of TJX Companies by 0.4% during the 2nd quarter. Banco de Sabadell S.A now owns 20,951 shares of the apparel and home fashions retailer’s stock worth $2,587,000 after purchasing an additional 77 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on TJX. Wells Fargo & Company restated a “positive” rating and issued a $150.00 price target (up from $145.00) on shares of TJX Companies in a research report on Tuesday, December 16th. Morgan Stanley reaffirmed an “overweight” rating and set a $162.00 price objective (up from $159.00) on shares of TJX Companies in a research report on Thursday, November 20th. Barclays raised their target price on shares of TJX Companies from $172.00 to $183.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. Telsey Advisory Group boosted their target price on shares of TJX Companies from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, February 26th. Finally, TD Cowen reaffirmed a “buy” rating on shares of TJX Companies in a report on Thursday, November 20th. Three equities research analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $167.55.

TJX Companies Stock Performance

NYSE:TJX opened at $156.14 on Tuesday. The TJX Companies, Inc. has a twelve month low of $113.38 and a twelve month high of $162.68. The company has a quick ratio of 0.59, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The stock’s 50-day simple moving average is $155.61 and its 200 day simple moving average is $149.58. The firm has a market capitalization of $173.39 billion, a PE ratio of 32.00, a price-to-earnings-growth ratio of 3.57 and a beta of 0.73.

TJX Companies (NYSE:TJX) last posted its 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 firm had revenue of $17.74 billion during the quarter, compared to analysts’ expectations of $17.36 billion. During the same quarter in the prior year, the business earned $1.23 earnings per share. The business’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, analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 30,000 shares of the 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 transaction, the chief executive officer owned 479,316 shares of the company’s stock, valued at $77,145,910.20. This represents a 5.89% decrease in their position. The sale 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.

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.