Coldstream Capital Management Inc. Increases Stock Position in The TJX Companies, Inc. $TJX

Coldstream Capital Management Inc. boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 7.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,958 shares of the apparel and home fashions retailer’s stock after acquiring an additional 4,855 shares during the quarter. Coldstream Capital Management Inc.’s holdings in TJX Companies were worth $10,690,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Lavaca Capital LLC purchased a new position in shares of TJX Companies in the second quarter worth $25,000. Dogwood Wealth Management LLC boosted its position in shares of TJX Companies by 102.2% during 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 buying an additional 92 shares during the last quarter. GGM Financials LLC bought a new stake in TJX Companies in the 3rd quarter worth about $27,000. Imprint Wealth LLC bought a new stake in TJX Companies in the 3rd quarter worth about $27,000. Finally, Howard Hughes Medical Institute purchased a new position in TJX Companies in the 2nd quarter worth about $30,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TJX. UBS Group reaffirmed a “buy” rating on shares of TJX Companies in a report on Wednesday, March 4th. Wells Fargo & Company reissued a “positive” rating and set a $150.00 price objective (up from $145.00) on shares of TJX Companies in a report on Tuesday, December 16th. The Goldman Sachs Group increased their price objective on shares of TJX Companies from $163.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Citigroup restated a “buy” rating and issued a $168.00 target price (up from $160.00) on shares of TJX Companies in a report on Thursday, November 20th. Finally, Telsey Advisory Group lifted their target price on shares of TJX Companies from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, February 26th. Three analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $167.55.

TJX Companies Trading Down 0.4%

TJX Companies stock opened at $155.42 on Wednesday. The TJX Companies, Inc. has a 52-week low of $113.98 and a 52-week high of $162.68. The company has a market cap 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 quick ratio of 0.59, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The business has a 50-day simple moving average of $155.64 and a two-hundred day simple moving average of $149.71.

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 for the quarter, topping the consensus estimate of $1.38 by $0.05. The firm had revenue of $17.74 billion for 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 business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the business 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. Analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Insiders Place Their Bets

In other 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 transaction 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. This trade represents a 5.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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.