The TJX Companies, Inc. $TJX Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp raised its position in The TJX Companies, Inc. (NYSE:TJX) by 81.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,198,579 shares of the apparel and home fashions retailer’s stock after acquiring an additional 1,433,801 shares during the quarter. Mackenzie Financial Corp’s holdings in TJX Companies were worth $462,323,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Dogwood Wealth Management LLC lifted its position in shares of TJX Companies by 102.2% during the third quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer’s stock worth $26,000 after purchasing an additional 92 shares in the last quarter. GGM Financials LLC acquired a new stake in TJX Companies during the 3rd quarter valued at $27,000. Lavaca Capital LLC acquired a new stake in TJX Companies during the 2nd quarter valued at $25,000. Highline Wealth Partners LLC increased its stake in TJX Companies by 65.0% during the 3rd quarter. Highline Wealth Partners LLC now owns 231 shares of the apparel and home fashions retailer’s stock worth $33,000 after buying an additional 91 shares during the period. Finally, Howard Hughes Medical Institute purchased a new stake in TJX Companies during the 2nd quarter worth $30,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Argus raised shares of TJX Companies to a “strong-buy” rating in a research report on Tuesday, March 3rd. Wall Street Zen lowered TJX Companies from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Wells Fargo & Company reiterated a “positive” rating and issued a $150.00 price target (up from $145.00) on shares of TJX Companies in a research note on Tuesday, December 16th. Jefferies Financial Group reissued a “buy” rating and issued a $170.00 price target on shares of TJX Companies in a report on Tuesday, November 11th. Finally, Guggenheim upgraded TJX Companies to a “strong-buy” rating in a research note on Wednesday, December 10th. Three 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, the stock presently has a consensus rating of “Buy” and an average price target of $167.55.

TJX Companies Price Performance

Shares of TJX stock opened at $159.51 on Wednesday. The firm has a fifty day moving average of $155.42 and a two-hundred day moving average of $149.03. The firm has a market cap of $177.13 billion, a P/E ratio of 32.69, a P/E/G ratio of 3.64 and a beta of 0.73. The TJX Companies, Inc. has a 1-year low of $112.10 and a 1-year high of $162.68. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.59.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 9.10% and a return on equity of 57.70%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the business 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, research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 30,000 shares of the business’s stock in a transaction that occurred 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 directly owned 479,316 shares in the company, valued at approximately $77,145,910.20. The trade was a 5.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.13% of the company’s stock.

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.