Alliancebernstein L.P. Has $970.19 Million Stock Position in The TJX Companies, Inc. $TJX

Alliancebernstein L.P. increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 91.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,712,226 shares of the apparel and home fashions retailer’s stock after acquiring an additional 3,208,458 shares during the quarter. Alliancebernstein L.P. owned about 0.60% of TJX Companies worth $970,185,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its holdings in TJX Companies by 3.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 13,391,533 shares of the apparel and home fashions retailer’s stock valued at $1,939,435,000 after purchasing an additional 392,097 shares during the period. Schonfeld Strategic Advisors LLC increased its holdings in shares of TJX Companies by 198.7% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 90,093 shares of the apparel and home fashions retailer’s stock worth $13,022,000 after purchasing an additional 59,935 shares during the period. Creative Planning raised its position in shares of TJX Companies by 8.4% during the third quarter. Creative Planning now owns 444,658 shares of the apparel and home fashions retailer’s stock valued at $64,271,000 after buying an additional 34,493 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of TJX Companies by 36.2% during the third quarter. Lazard Asset Management LLC now owns 624,908 shares of the apparel and home fashions retailer’s stock valued at $90,324,000 after buying an additional 166,030 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of TJX Companies by 73.7% in the third quarter. AQR Capital Management LLC now owns 3,061,312 shares of the apparel and home fashions retailer’s stock valued at $441,533,000 after buying an additional 1,298,804 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TJX shares. Deutsche Bank Aktiengesellschaft set a $184.00 price target on TJX Companies in a research note on Thursday, January 8th. Evercore lifted their price objective on TJX Companies from $162.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, November 20th. The Goldman Sachs Group boosted their price objective on TJX Companies from $163.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Robert W. Baird set a $168.00 target price on TJX Companies in a research note on Wednesday, December 17th. Finally, JPMorgan Chase & Co. lifted their price target on shares of TJX Companies from $154.00 to $173.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Three 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, the company currently has an average rating of “Buy” and an average price target of $167.55.

TJX Companies Stock Performance

Shares of NYSE:TJX opened at $155.40 on Friday. 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 business’s fifty day moving average price is $155.56 and its two-hundred day moving average price is $149.36. The TJX Companies, Inc. has a fifty-two week low of $112.30 and a fifty-two week high of $162.68. The stock has a market capitalization of $172.56 billion, a price-to-earnings ratio of 31.84, a price-to-earnings-growth ratio of 3.57 and a beta of 0.73.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data 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 company had revenue of $17.74 billion during the quarter, compared to analysts’ expectations of $17.36 billion. During the same period last year, the business earned $1.23 earnings per share. The business’s 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, analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer owned 479,316 shares of the company’s stock, valued at approximately $77,145,910.20. The trade was a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

TJX Companies 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.