The TJX Companies, Inc. $TJX Holdings Lifted by Bank of Nova Scotia

Bank of Nova Scotia boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 47.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 398,586 shares of the apparel and home fashions retailer’s stock after buying an additional 128,773 shares during the period. Bank of Nova Scotia’s holdings in TJX Companies were worth $57,612,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Lavaca Capital LLC purchased a new position in TJX Companies during the 2nd quarter valued at about $25,000. Dogwood Wealth Management LLC lifted its position 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 worth $26,000 after purchasing an additional 92 shares in the last quarter. GGM Financials LLC acquired a new stake in shares of TJX Companies during the third quarter worth approximately $27,000. Imprint Wealth LLC acquired a new stake in shares of TJX Companies during the third quarter worth approximately $27,000. Finally, Howard Hughes Medical Institute acquired a new stake in shares of TJX Companies during the second quarter worth approximately $30,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Ernie Herrman sold 30,000 shares of TJX Companies stock in a transaction 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 sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company’s stock.

TJX Companies Trading Down 0.3%

NYSE:TJX opened at $155.40 on Monday. The company has a market capitalization of $172.56 billion, a P/E ratio of 31.84, a P/E/G ratio of 3.57 and a beta of 0.73. The stock’s 50 day moving average price is $155.56 and its 200 day moving average price is $149.45. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.14. 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 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. The firm had revenue of $17.74 billion during the quarter, compared to analysts’ expectations of $17.36 billion. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The company’s revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.23 earnings per share. 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, research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TJX has been the topic of several research reports. Wall Street Zen lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Sanford C. Bernstein reissued an “outperform” rating and set a $170.00 target price on shares of TJX Companies in a research note on Tuesday, January 6th. Morgan Stanley restated an “overweight” rating and set a $162.00 price target (up from $159.00) on shares of TJX Companies in a report on Thursday, November 20th. Deutsche Bank Aktiengesellschaft set a $184.00 price target on shares of TJX Companies in a research note on Thursday, January 8th. Finally, Citigroup reiterated a “buy” rating and set a $168.00 price objective (up from $160.00) on shares of TJX Companies in a report on Thursday, November 20th. Three investment analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus 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.