The TJX Companies, Inc. $TJX Stock Holdings Trimmed by Comerica Bank

Comerica Bank lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 455,546 shares of the apparel and home fashions retailer’s stock after selling 21,306 shares during the quarter. Comerica Bank’s holdings in TJX Companies were worth $65,845,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of TJX. Banco Santander S.A. raised its holdings in shares of TJX Companies by 24.6% in the 3rd quarter. Banco Santander S.A. now owns 160,368 shares of the apparel and home fashions retailer’s stock worth $23,180,000 after purchasing an additional 31,631 shares in the last quarter. Bank of Nova Scotia lifted its stake in TJX Companies by 129.9% during the second quarter. Bank of Nova Scotia now owns 269,813 shares of the apparel and home fashions retailer’s stock valued at $33,319,000 after purchasing an additional 152,453 shares during the last quarter. Empowered Funds LLC boosted its holdings in TJX Companies by 66.6% during the second quarter. Empowered Funds LLC now owns 76,998 shares of the apparel and home fashions retailer’s stock worth $9,508,000 after buying an additional 30,779 shares in the last quarter. Rheos Capital Works Inc. boosted its holdings in TJX Companies by 26.0% during the third quarter. Rheos Capital Works Inc. now owns 370,000 shares of the apparel and home fashions retailer’s stock worth $53,480,000 after buying an additional 76,400 shares in the last quarter. Finally, Wealthfront Advisers LLC grew its position in TJX Companies by 4.9% in the third quarter. Wealthfront Advisers LLC now owns 171,820 shares of the apparel and home fashions retailer’s stock worth $24,835,000 after buying an additional 8,006 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

TJX has been the topic of several research reports. Bank of America upped their price target on TJX Companies from $150.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Morgan Stanley restated an “overweight” rating and issued a $162.00 target price (up from $159.00) on shares of TJX Companies in a report on Thursday, November 20th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of TJX Companies in a research report on Wednesday, January 21st. Citigroup reaffirmed 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. Finally, The Goldman Sachs Group increased their price target on TJX Companies from $163.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Three research analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $167.55.

TJX Companies Stock Down 0.3%

Shares of NYSE:TJX opened at $155.40 on Friday. The firm has a 50 day simple moving average of $155.56 and a 200 day simple moving average of $149.28. The TJX Companies, Inc. has a 52 week low of $112.30 and a 52 week high of $162.68. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.14. The company has a market cap of $172.56 billion, a PE ratio of 31.84, a price-to-earnings-growth ratio of 3.58 and a beta of 0.73.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data 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 firm had revenue of $17.74 billion for the quarter, compared to analysts’ expectations of $17.36 billion. During the same period in the previous year, the company posted $1.23 EPS. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. 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 expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 30,000 shares of the firm’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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by company insiders.

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.