Glenmede Investment Management LP Sells 12,856 Shares of The TJX Companies, Inc. $TJX

Glenmede Investment Management LP lowered its holdings in The TJX Companies, Inc. (NYSE:TJX) by 1.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,072,246 shares of the apparel and home fashions retailer’s stock after selling 12,856 shares during the quarter. TJX Companies makes up about 0.7% of Glenmede Investment Management LP’s investment portfolio, making the stock its 26th largest holding. Glenmede Investment Management LP owned approximately 0.10% of TJX Companies worth $154,982,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Lavaca Capital LLC bought a new stake in TJX Companies in the second quarter valued at $25,000. Dogwood Wealth Management LLC raised its holdings in TJX Companies by 102.2% in the 3rd 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 in the last quarter. GGM Financials LLC bought a new position in TJX Companies in the 3rd quarter worth $27,000. Howard Hughes Medical Institute purchased a new stake in shares of TJX Companies in the 2nd quarter worth about $30,000. Finally, Capital A Wealth Management LLC lifted its position in shares of 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 worth $32,000 after purchasing an additional 233 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TJX has been the topic of several research analyst reports. Weiss Ratings reiterated a “buy (b+)” rating on shares of TJX Companies in a research report on Wednesday, January 21st. Guggenheim upgraded shares of TJX Companies to a “strong-buy” rating in a report on Wednesday, December 10th. TD Cowen reaffirmed a “buy” rating on shares of TJX Companies in a research report on Thursday, November 20th. Barclays upped their target price on TJX Companies from $172.00 to $183.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. Finally, UBS Group restated a “buy” rating on shares of TJX Companies in a research note on Wednesday, March 4th. Three equities research analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the stock. According to MarketBeat.com, TJX Companies presently has a consensus rating of “Buy” and an average price target of $167.55.

TJX Companies Stock Performance

Shares of TJX opened at $155.40 on Friday. 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 has a market cap of $172.56 billion, a P/E ratio of 31.84, a P/E/G ratio of 3.58 and a beta of 0.73. The business’s 50 day moving average price is $155.56 and its 200-day moving average price is $149.28. The TJX Companies, Inc. has a 52 week low of $112.30 and a 52 week high of $162.68.

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, beating analysts’ consensus estimates of $1.38 by $0.05. The company had revenue of $17.74 billion during the quarter, compared to analyst estimates of $17.36 billion. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter last year, the company earned $1.23 EPS. 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 Activity at TJX Companies

In related news, CEO Ernie Herrman sold 30,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer owned 479,316 shares in the company, valued at $77,145,910.20. The trade was a 5.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.13% of the company’s stock.

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.