The TJX Companies, Inc. $TJX Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 11.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,646,189 shares of the apparel and home fashions retailer’s stock after selling 339,740 shares during the period. Franklin Resources Inc.’s holdings in TJX Companies were worth $382,480,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in TJX Companies by 0.8% in the third quarter. Vanguard Group Inc. now owns 101,961,786 shares of the apparel and home fashions retailer’s stock valued at $14,737,557,000 after buying an additional 820,730 shares during the last quarter. State Street Corp grew its stake in shares of TJX Companies by 0.6% during the second quarter. State Street Corp now owns 48,595,536 shares of the apparel and home fashions retailer’s stock worth $6,001,063,000 after acquiring an additional 285,737 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of TJX Companies by 1.2% during the second quarter. Geode Capital Management LLC now owns 26,070,916 shares of the apparel and home fashions retailer’s stock valued at $3,205,927,000 after acquiring an additional 301,127 shares in the last quarter. Capital International Investors increased its holdings in shares of TJX Companies by 4.2% during 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. Finally, Norges Bank purchased a new position in shares of TJX Companies in the 2nd quarter valued at approximately $1,808,774,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 30,000 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $160.95, for a total value of $4,828,500.00. Following the sale, the chief executive officer owned 479,316 shares in the company, valued at $77,145,910.20. This represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by insiders.

TJX Companies Price Performance

Shares of NYSE TJX opened at $157.78 on Thursday. The business’s 50 day moving average price is $155.50 and its 200 day moving average price is $149.09. The firm has a market cap of $175.21 billion, a P/E ratio of 32.33, a P/E/G ratio of 3.67 and a beta of 0.73. The TJX Companies, Inc. has a 52 week low of $112.10 and a 52 week high of $162.68. The company has a quick ratio of 0.59, a current ratio of 1.14 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results 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. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The company had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $17.36 billion. During the same quarter in the prior year, the company earned $1.23 EPS. TJX Companies’s quarterly 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 expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Analyst Ratings Changes

TJX has been the subject of a number of recent analyst reports. The Goldman Sachs Group lifted their target price on shares of TJX Companies from $163.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Bank of America upped their price target on shares of TJX Companies from $150.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Barclays raised their price target on shares of TJX Companies from $172.00 to $183.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. UBS Group reiterated a “buy” rating on shares of TJX Companies in a research note on Wednesday, March 4th. Finally, Evercore boosted their price objective on shares of TJX Companies from $162.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday, November 20th. Three analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, TJX Companies has a consensus rating of “Buy” and a consensus target price of $167.55.

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.