Arrowstreet Capital Limited Partnership Increases Holdings in The TJX Companies, Inc. $TJX

Arrowstreet Capital Limited Partnership boosted its stake in The TJX Companies, Inc. (NYSE:TJX) by 8.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,864,466 shares of the apparel and home fashions retailer’s stock after purchasing an additional 468,023 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.53% of TJX Companies worth $847,650,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of TJX Companies in the second quarter valued at about $1,808,774,000. Laurel Wealth Advisors LLC lifted its position in TJX Companies by 12,417.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,057,273 shares of the apparel and home fashions retailer’s stock worth $501,033,000 after acquiring an additional 4,024,859 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in TJX Companies by 120.7% in the 2nd quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer’s stock worth $620,406,000 after acquiring an additional 2,743,676 shares during the period. ABN AMRO Bank N.V. acquired a new stake in TJX Companies in the second quarter valued at approximately $244,687,000. Finally, Mackenzie Financial Corp grew its position in TJX Companies by 81.2% in the third quarter. Mackenzie Financial Corp now owns 3,198,579 shares of the apparel and home fashions retailer’s stock valued at $462,323,000 after acquiring an additional 1,433,801 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of TJX stock opened at $155.74 on Friday. The firm has a fifty day moving average of $155.54 and a two-hundred day moving average of $149.14. The firm has a market cap of $172.95 billion, a P/E ratio of 31.91, a P/E/G ratio of 3.63 and a beta of 0.73. The TJX Companies, Inc. has a 1-year low of $112.10 and a 1-year high of $162.68. 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 issued its quarterly earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS for the quarter, topping the consensus estimate of $1.38 by $0.05. The business 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 company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the company posted $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, research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TJX has been the topic of a number of recent research reports. Wells Fargo & Company reissued a “positive” rating and set a $150.00 target price (up from $145.00) on shares of TJX Companies in a research report on Tuesday, December 16th. Wall Street Zen lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of TJX Companies in a research note on Wednesday, January 21st. Citigroup reiterated a “buy” rating and issued a $168.00 price objective (up from $160.00) on shares of TJX Companies in a report on Thursday, November 20th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $170.00 price objective on shares of TJX Companies in a research report on Tuesday, January 6th. Three investment analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies has an average rating of “Buy” and an average price target of $167.55.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the 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 transaction, the chief executive officer owned 479,316 shares of the company’s stock, valued at $77,145,910.20. This trade represents a 5.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.13% of the stock is owned by insiders.

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.