Cannell & Spears LLC Has $47.60 Million Stake in The TJX Companies, Inc. $TJX

Cannell & Spears LLC lowered its holdings in The TJX Companies, Inc. (NYSE:TJX) by 1.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 329,332 shares of the apparel and home fashions retailer’s stock after selling 5,374 shares during the period. TJX Companies makes up about 0.9% of Cannell & Spears LLC’s portfolio, making the stock its 29th largest holding. Cannell & Spears LLC’s holdings in TJX Companies were worth $47,602,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Dogwood Wealth Management LLC boosted its stake in shares of 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 buying an additional 92 shares during the period. Imprint Wealth LLC acquired a new stake in TJX Companies during the third quarter worth approximately $27,000. GGM Financials LLC bought a new position in TJX Companies during the 3rd quarter worth $27,000. Lavaca Capital LLC acquired a new position in TJX Companies in the 2nd quarter valued at $25,000. Finally, Highline Wealth Partners LLC raised its holdings in TJX Companies by 65.0% in the 3rd quarter. Highline Wealth Partners LLC now owns 231 shares of the apparel and home fashions retailer’s stock valued at $33,000 after acquiring an additional 91 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Down 0.3%

Shares of NYSE:TJX opened at $155.40 on Friday. The TJX Companies, Inc. has a 52-week low of $112.30 and a 52-week high of $162.68. The company has a market capitalization of $172.56 billion, a PE ratio of 31.84, a price-to-earnings-growth ratio of 3.57 and a beta of 0.73. 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 fifty day moving average of $155.56 and a 200-day moving average of $149.36.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.05. The company had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $17.36 billion. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.TJX Companies’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter last 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. On average, equities analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 30,000 shares of the business’s stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

TJX has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their target price on TJX Companies from $163.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Weiss Ratings restated a “buy (b+)” rating on shares of TJX Companies in a research report on Wednesday, January 21st. Guggenheim raised shares of TJX Companies to a “strong-buy” rating in a research report on Wednesday, December 10th. Wall Street Zen downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, TD Cowen reissued a “buy” rating on shares of TJX Companies in a report on Thursday, November 20th. Three research analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the stock. According to data from MarketBeat, TJX Companies currently has a consensus rating of “Buy” and an average price target 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.