Allworth Financial LP Grows Position in The TJX Companies, Inc. $TJX

Allworth Financial LP increased its position in The TJX Companies, Inc. (NYSE:TJX) by 12.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,752 shares of the apparel and home fashions retailer’s stock after buying an additional 4,095 shares during the quarter. Allworth Financial LP’s holdings in TJX Companies were worth $5,457,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lavaca Capital LLC bought a new position in shares of TJX Companies during the second quarter valued at about $25,000. Dogwood Wealth Management LLC increased its stake 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 period. GGM Financials LLC purchased a new position in shares of TJX Companies during the third quarter valued at approximately $27,000. Imprint Wealth LLC bought a new position in shares of TJX Companies during the third quarter valued at approximately $27,000. Finally, KERR FINANCIAL PLANNING Corp bought a new position in shares of TJX Companies during the third quarter valued at approximately $28,000. 91.09% of the stock is currently owned by institutional investors.

Insider Activity at TJX Companies

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

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Weiss Ratings reiterated a “buy (b+)” rating on shares of TJX Companies in a report on Wednesday, January 21st. Wall Street Zen lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Argus raised shares of TJX Companies to a “strong-buy” rating in a research report on Tuesday, March 3rd. Barclays boosted their price target on shares of TJX Companies from $172.00 to $183.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. Finally, Telsey Advisory Group increased their price target on shares of TJX Companies from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Three research analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, TJX Companies currently has an average rating of “Buy” and an average price target of $167.55.

TJX Companies Stock Up 0.2%

TJX opened at $154.99 on Friday. The firm’s 50 day simple moving average is $155.49 and its two-hundred day simple moving average is $149.90. The company has a market capitalization of $172.11 billion, a PE ratio of 31.76, a PEG ratio of 3.56 and a beta of 0.73. The TJX Companies, Inc. has a 1-year low of $113.98 and a 1-year high of $162.68. The company has a current ratio of 1.14, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.05. The firm had revenue of $17.74 billion during the quarter, compared to the consensus estimate of $17.36 billion. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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. As a group, equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

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.