The TJX Companies, Inc. $TJX is Stance Capital LLC’s 2nd Largest Position

Stance Capital LLC raised its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 18.8% in the third quarter, Holdings Channel.com reports. The fund owned 38,311 shares of the apparel and home fashions retailer’s stock after acquiring an additional 6,073 shares during the quarter. TJX Companies makes up approximately 2.0% of Stance Capital LLC’s portfolio, making the stock its 2nd biggest holding. Stance Capital LLC’s holdings in TJX Companies were worth $5,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in TJX. Banco Santander S.A. boosted its stake in TJX Companies by 24.6% during 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 during the last quarter. Bank of Nova Scotia raised its position in shares of TJX Companies by 129.9% in 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 buying an additional 152,453 shares during the last quarter. Empowered Funds LLC raised its position in shares of TJX Companies by 66.6% in the second quarter. Empowered Funds LLC now owns 76,998 shares of the apparel and home fashions retailer’s stock valued at $9,508,000 after buying an additional 30,779 shares during the last quarter. Rheos Capital Works Inc. lifted its stake in shares of TJX Companies by 26.0% in 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 lifted its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Down 0.4%

TJX opened at $155.42 on Wednesday. The business’s 50 day moving average price is $155.64 and its 200 day moving average price is $149.71. 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 stock has a market capitalization of $172.58 billion, a PE ratio of 31.85, a P/E/G ratio of 3.59 and a beta of 0.73. The TJX Companies, Inc. has a one year low of $113.98 and a one year high of $162.68.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS for the quarter, beating the consensus estimate of $1.38 by $0.05. The business had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.36 billion. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The company’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company 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 research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the completion of the transaction, 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 through the SEC website. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $170.00 price objective on shares of TJX Companies in a research note on Tuesday, January 6th. Wall Street Zen cut TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Telsey Advisory Group upped their price target on TJX Companies from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, February 26th. Morgan Stanley reiterated an “overweight” rating and set a $162.00 price objective (up from $159.00) on shares of TJX Companies in a research report on Thursday, November 20th. Finally, JPMorgan Chase & Co. boosted their price objective on TJX Companies from $154.00 to $173.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Three research 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 MarketBeat, the stock has an average 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.