Avity Investment Management Inc. Sells 18,587 Shares of The TJX Companies, Inc. $TJX

Avity Investment Management Inc. cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 5.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 313,532 shares of the apparel and home fashions retailer’s stock after selling 18,587 shares during the period. TJX Companies comprises approximately 3.2% of Avity Investment Management Inc.’s portfolio, making the stock its 12th largest position. Avity Investment Management Inc.’s holdings in TJX Companies were worth $45,318,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Banco Santander S.A. boosted its stake in shares of TJX Companies by 24.6% in the 3rd quarter. Banco Santander S.A. now owns 160,368 shares of the apparel and home fashions retailer’s stock valued at $23,180,000 after purchasing an additional 31,631 shares in the last quarter. Bank of Nova Scotia raised its position in TJX Companies by 129.9% in the 2nd quarter. Bank of Nova Scotia now owns 269,813 shares of the apparel and home fashions retailer’s stock worth $33,319,000 after purchasing an additional 152,453 shares during the period. Empowered Funds LLC raised its position in TJX Companies by 66.6% in the 2nd quarter. Empowered Funds LLC now owns 76,998 shares of the apparel and home fashions retailer’s stock worth $9,508,000 after purchasing an additional 30,779 shares during the period. Rheos Capital Works Inc. lifted its stake in TJX Companies by 26.0% in the third quarter. Rheos Capital Works Inc. now owns 370,000 shares of the apparel and home fashions retailer’s stock worth $53,480,000 after purchasing an additional 76,400 shares during the last quarter. Finally, Wealthfront Advisers LLC lifted its stake in TJX Companies by 4.9% in the third quarter. Wealthfront Advisers LLC now owns 171,820 shares of the apparel and home fashions retailer’s stock worth $24,835,000 after purchasing an additional 8,006 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Robert W. Baird set a $168.00 price objective on TJX Companies in a research note on Wednesday, December 17th. Wells Fargo & Company restated a “positive” rating and set a $150.00 target price (up from $145.00) on shares of TJX Companies in a report on Tuesday, December 16th. Citigroup restated a “buy” rating and set a $168.00 price target (up from $160.00) on shares of TJX Companies in a research report on Thursday, November 20th. BTIG Research reaffirmed a “buy” rating and issued a $185.00 price target (up from $165.00) on shares of TJX Companies in a research note on Thursday, February 26th. Finally, TD Cowen reiterated a “buy” rating on shares of TJX Companies in a research 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. According to data from MarketBeat, TJX Companies presently has an average rating of “Buy” and a consensus target price of $167.55.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $155.42 on Wednesday. The business has a fifty day simple moving average of $155.64 and a two-hundred day simple moving average of $149.71. The firm has a market capitalization of $172.58 billion, a P/E ratio of 31.85, a P/E/G ratio of 3.59 and a beta of 0.73. The company has a current ratio of 1.14, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a 12 month low of $113.98 and a 12 month high of $162.68.

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 net margin of 9.10% and a return on equity of 57.70%. 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 company posted $1.23 EPS. TJX Companies’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. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

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.