Gotham Asset Management LLC Has $33.10 Million Stock Position in The TJX Companies, Inc. $TJX

Gotham Asset Management LLC raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 17.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 228,991 shares of the apparel and home fashions retailer’s stock after acquiring an additional 33,531 shares during the quarter. Gotham Asset Management LLC’s holdings in TJX Companies were worth $33,098,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lavaca Capital LLC acquired a new position in TJX Companies during the second quarter worth $25,000. Dogwood Wealth Management LLC grew its position in TJX Companies by 102.2% in 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 purchasing an additional 92 shares in the last quarter. GGM Financials LLC acquired a new stake in TJX Companies in the 3rd quarter valued at $27,000. Imprint Wealth LLC bought a new stake in TJX Companies during the 3rd quarter worth about $27,000. Finally, Howard Hughes Medical Institute bought a new stake in TJX Companies during the 2nd quarter worth about $30,000. 91.09% of the stock is currently 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 TJX Companies stock in a transaction 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 completion of the sale, the chief executive officer owned 479,316 shares of the company’s stock, valued at approximately $77,145,910.20. This trade represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Bank of America raised their price objective on TJX Companies from $150.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Deutsche Bank Aktiengesellschaft set a $184.00 target price on TJX Companies in a report on Thursday, January 8th. BTIG Research restated a “buy” rating and issued a $185.00 price target (up from $165.00) on shares of TJX Companies in a research note on Thursday, February 26th. TD Cowen reaffirmed a “buy” rating on shares of TJX Companies in a research report on Thursday, November 20th. Finally, UBS Group reiterated a “buy” rating on shares of TJX Companies in a research note on Wednesday, March 4th. Three research analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $167.55.

TJX Companies Stock Up 0.5%

Shares of TJX stock opened at $156.14 on Tuesday. The TJX Companies, Inc. has a 52-week low of $113.38 and a 52-week high of $162.68. The stock has a market cap of $173.39 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 3.57 and a beta of 0.73. The firm’s 50-day moving average is $155.61 and its 200-day moving average is $149.58. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.14.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS for the quarter, topping 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 firm had revenue of $17.74 billion during the quarter, compared to analysts’ expectations of $17.36 billion. During the same period in the previous year, the business posted $1.23 earnings per share. The company’s revenue for the quarter 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. Sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Company 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.