Congress Asset Management Co. Trims Stock Holdings in The TJX Companies, Inc. $TJX

Congress Asset Management Co. lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,222,988 shares of the apparel and home fashions retailer’s stock after selling 21,647 shares during the quarter. TJX Companies accounts for 1.3% of Congress Asset Management Co.’s portfolio, making the stock its 11th largest position. Congress Asset Management Co. owned 0.11% of TJX Companies worth $187,863,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of TJX Companies by 0.8% during the third quarter. Vanguard Group Inc. now owns 101,961,786 shares of the apparel and home fashions retailer’s stock worth $14,737,557,000 after buying an additional 820,730 shares in the last quarter. State Street Corp raised its holdings in TJX Companies by 0.6% in the second quarter. State Street Corp now owns 48,595,536 shares of the apparel and home fashions retailer’s stock valued at $6,001,063,000 after acquiring an additional 285,737 shares in the last quarter. Capital International Investors raised its holdings in TJX Companies by 4.2% in the third quarter. Capital International Investors now owns 15,678,165 shares of the apparel and home fashions retailer’s stock valued at $2,266,066,000 after acquiring an additional 630,574 shares in the last quarter. Norges Bank bought a new position in TJX Companies during the 2nd quarter valued at $1,808,774,000. Finally, Ameriprise Financial Inc. grew its holdings in TJX Companies by 3.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 13,391,533 shares of the apparel and home fashions retailer’s stock worth $1,939,435,000 after acquiring an additional 392,097 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on TJX. Barclays boosted their target price on shares of TJX Companies from $172.00 to $183.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. Weiss Ratings reissued a “buy (b+)” rating on shares of TJX Companies in a report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft set a $184.00 price objective on TJX Companies in a research note on Thursday, January 8th. Guggenheim raised TJX Companies to a “strong-buy” rating in a report on Wednesday, December 10th. Finally, BTIG Research reiterated a “buy” rating and issued a $185.00 target price (up from $165.00) on shares of TJX Companies in a research report on Thursday, February 26th. Three equities research analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the stock. According to MarketBeat.com, TJX Companies has an average rating of “Buy” and an average target price of $167.55.

TJX Companies Stock Performance

Shares of NYSE TJX opened at $156.47 on Tuesday. 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 firm’s 50-day moving average price is $155.48 and its two-hundred day moving average price is $150.16. The TJX Companies, Inc. has a 52-week low of $116.37 and a 52-week high of $162.68. The stock has a market capitalization of $173.75 billion, a P/E ratio of 32.06, a P/E/G ratio of 3.56 and a beta of 0.73.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS for the quarter, beating the consensus estimate of $1.38 by $0.05. The company had revenue of $17.74 billion during the quarter, compared to analyst estimates of $17.36 billion. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The business’s revenue was up 8.5% compared to the same quarter last year. During the same period in the prior 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. As a group, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the 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 sale, the chief executive officer directly owned 479,316 shares of the company’s stock, valued at $77,145,910.20. This trade represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by corporate insiders.

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.