The TJX Companies, Inc. $TJX Shares Acquired by Mirabella Financial Services LLP

Mirabella Financial Services LLP boosted its position in The TJX Companies, Inc. (NYSE:TJX) by 161.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 26,457 shares of the apparel and home fashions retailer’s stock after buying an additional 16,334 shares during the quarter. Mirabella Financial Services LLP’s holdings in TJX Companies were worth $3,817,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dogwood Wealth Management LLC increased its stake in shares of TJX Companies by 102.2% in the third quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer’s stock valued at $26,000 after purchasing an additional 92 shares during the period. Imprint Wealth LLC acquired a new position in shares of TJX Companies during the third quarter worth approximately $27,000. GGM Financials LLC acquired a new position in shares of TJX Companies during the third quarter worth approximately $27,000. Lavaca Capital LLC bought a new position in TJX Companies in the 2nd quarter worth approximately $25,000. Finally, Highline Wealth Partners LLC grew its holdings in TJX Companies by 65.0% in the 3rd quarter. Highline Wealth Partners LLC now owns 231 shares of the apparel and home fashions retailer’s stock worth $33,000 after buying an additional 91 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on TJX. Deutsche Bank Aktiengesellschaft set a $184.00 target price on TJX Companies in a research note on Thursday, January 8th. Weiss Ratings reissued a “buy (b+)” rating on shares of TJX Companies in a research note on Wednesday, January 21st. BTIG Research restated a “buy” rating and set a $185.00 price objective (up from $165.00) on shares of TJX Companies in a research note on Thursday, February 26th. Guggenheim raised shares of TJX Companies to a “strong-buy” rating in a report on Wednesday, December 10th. Finally, Wells Fargo & Company reiterated a “positive” rating and issued a $150.00 target price (up from $145.00) on shares of TJX Companies in a research report on Tuesday, December 16th. Three equities research 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.com, TJX Companies currently has a consensus rating of “Buy” and an average target price of $167.55.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $156.14 on Tuesday. The stock has a market cap of $173.39 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 3.57 and a beta of 0.73. 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 TJX Companies, Inc. has a 12 month low of $113.38 and a 12 month high of $162.68. The stock’s 50 day moving average price is $155.61 and its 200 day moving average price is $149.58.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results 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 return on equity of 57.70% and a net margin of 9.10%.The firm had revenue of $17.74 billion during the quarter, compared to analyst estimates of $17.36 billion. During the same period 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. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Insider Buying and Selling 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 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 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by company 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.