The TJX Companies, Inc. $TJX Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 247.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 208,375 shares of the apparel and home fashions retailer’s stock after purchasing an additional 148,437 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in TJX Companies were worth $30,119,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of TJX. Lavaca Capital LLC bought a new position in TJX Companies during the 2nd quarter worth approximately $25,000. Dogwood Wealth Management LLC increased its holdings in shares of TJX Companies by 102.2% in the 3rd quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer’s stock valued at $26,000 after acquiring an additional 92 shares during the last quarter. GGM Financials LLC bought a new stake in shares of TJX Companies in the 3rd quarter valued at approximately $27,000. Howard Hughes Medical Institute acquired a new stake in shares of TJX Companies during the 2nd quarter valued at approximately $30,000. Finally, Capital A Wealth Management LLC raised its position in shares of TJX Companies by 776.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 263 shares of the apparel and home fashions retailer’s stock valued at $32,000 after acquiring an additional 233 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on TJX shares. Guggenheim raised shares of TJX Companies to a “strong-buy” rating in a report on Wednesday, December 10th. Citigroup reissued a “buy” rating and set a $168.00 target price (up from $160.00) on shares of TJX Companies in a report on Thursday, November 20th. Morgan Stanley reaffirmed an “overweight” rating and issued a $162.00 price target (up from $159.00) on shares of TJX Companies in a report on Thursday, November 20th. BTIG Research reaffirmed a “buy” rating and set a $185.00 price objective (up from $165.00) on shares of TJX Companies in a research report on Thursday, February 26th. Finally, Deutsche Bank Aktiengesellschaft set a $184.00 price objective on shares of TJX Companies in a research note on Thursday, January 8th. Three equities research analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the stock. According to data from MarketBeat, TJX Companies has an average rating of “Buy” and a consensus price target of $167.55.

Insider Activity

In other news, CEO Ernie Herrman sold 30,000 shares of the business’s 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 owned 479,316 shares of the company’s stock, valued at approximately $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 accessible through this link. Company insiders own 0.13% of the company’s stock.

TJX Companies Trading Down 1.4%

Shares of NYSE:TJX opened at $155.74 on Friday. The company has a 50 day moving average of $155.54 and a 200-day moving average of $149.14. The company has a current ratio of 1.14, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18. 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 twelve month low of $112.10 and a twelve month high of $162.68.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.05. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The business had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.36 billion. During the same quarter last year, the business earned $1.23 earnings per share. The business’s revenue for the quarter 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. As a group, analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies 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.