Gradient Investments LLC Buys New Shares in The TJX Companies, Inc. $TJX

Gradient Investments LLC purchased a new position in The TJX Companies, Inc. (NYSE:TJX) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 132,145 shares of the apparel and home fashions retailer’s stock, valued at approximately $20,299,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of TJX. Sound View Wealth Advisors Group LLC increased its stake in TJX Companies by 2.3% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 23,945 shares of the apparel and home fashions retailer’s stock worth $3,678,000 after purchasing an additional 543 shares during the period. Armstrong Advisory Group Inc. boosted its position in TJX Companies by 0.3% during the 4th quarter. Armstrong Advisory Group Inc. now owns 31,310 shares of the apparel and home fashions retailer’s stock valued at $4,810,000 after buying an additional 102 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in TJX Companies by 44.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,348,726 shares of the apparel and home fashions retailer’s stock worth $207,601,000 after acquiring an additional 415,478 shares during the last quarter. NorthCrest Asset Manangement LLC increased its position in shares of TJX Companies by 29.8% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 58,527 shares of the apparel and home fashions retailer’s stock valued at $9,004,000 after acquiring an additional 13,445 shares during the period. Finally, Grove Bank & Trust increased its position in shares of TJX Companies by 3.4% in the fourth quarter. Grove Bank & Trust now owns 7,907 shares of the apparel and home fashions retailer’s stock valued at $1,215,000 after acquiring an additional 263 shares during the period. 91.09% of the stock is owned by institutional investors.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 30,000 shares of TJX Companies stock in a transaction that occurred 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 sale, the chief executive officer directly owned 479,316 shares in the company, valued at $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 SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TJX. Deutsche Bank Aktiengesellschaft set a $184.00 target price on shares of TJX Companies in a report on Thursday, January 8th. BTIG Research reaffirmed a “buy” rating and set a $185.00 price target (up from $165.00) on shares of TJX Companies in a research report on Thursday, February 26th. Barclays increased their price objective on TJX Companies from $172.00 to $183.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. Argus upgraded TJX Companies to a “strong-buy” rating in a research report on Tuesday, March 3rd. Finally, UBS Group reissued 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 given a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $167.55.

TJX Companies Price Performance

TJX stock opened at $154.99 on Monday. The TJX Companies, Inc. has a 1 year low of $113.98 and a 1 year high of $162.68. The company has a market cap of $172.11 billion, a P/E ratio of 31.76, a PEG ratio of 3.56 and a beta of 0.73. The firm has a 50-day moving average of $155.49 and a 200 day moving average of $150.05. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.59.

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 the consensus estimate of $1.38 by $0.05. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The business had revenue of $17.74 billion for the quarter, compared to analysts’ expectations of $17.36 billion. During the same period in the previous year, the firm posted $1.23 EPS. 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. On average, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

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.