The TJX Companies, Inc. $TJX Shares Acquired by Mirabella Financial Services LLP

Mirabella Financial Services LLP increased its stake in The TJX Companies, Inc. (NYSE:TJX) by 161.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,457 shares of the apparel and home fashions retailer’s stock after buying an additional 16,334 shares during the period. Mirabella Financial Services LLP’s holdings in TJX Companies were worth $3,817,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC grew its holdings in TJX Companies by 88.4% during the 3rd quarter. Moneta Group Investment Advisors LLC now owns 20,094 shares of the apparel and home fashions retailer’s stock worth $2,904,000 after acquiring an additional 9,430 shares in the last quarter. Moore Capital Management LP acquired a new stake in shares of TJX Companies in the 3rd quarter valued at about $1,233,000. Knollwood Investment Advisory LLC raised its stake in shares of TJX Companies by 1.2% in the 3rd quarter. Knollwood Investment Advisory LLC now owns 16,714 shares of the apparel and home fashions retailer’s stock valued at $2,416,000 after purchasing an additional 198 shares in the last quarter. L2 Asset Management LLC lifted its position in shares of TJX Companies by 8.1% during the third quarter. L2 Asset Management LLC now owns 5,405 shares of the apparel and home fashions retailer’s stock worth $781,000 after purchasing an additional 407 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC lifted its position in shares of TJX Companies by 0.5% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 37,245 shares of the apparel and home fashions retailer’s stock worth $5,383,000 after purchasing an additional 189 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related 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 transaction of $4,828,500.00. Following the completion of the transaction, the chief executive officer owned 479,316 shares in the company, valued at $77,145,910.20. The trade was a 5.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on TJX. Morgan Stanley reissued an “overweight” rating and issued a $162.00 price objective (up from $159.00) on shares of TJX Companies in a report on Thursday, November 20th. JPMorgan Chase & Co. lifted their target price on TJX Companies from $154.00 to $173.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Wall Street Zen downgraded TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Argus raised TJX Companies to a “strong-buy” rating in a research report on Tuesday, March 3rd. Finally, TD Cowen restated a “buy” rating on shares of TJX Companies in a research note 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $167.55.

TJX Companies Price Performance

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

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.05. The company had revenue of $17.74 billion during 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 quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.23 earnings per share. 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, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

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.