Brevan Howard Capital Management LP Sells 122,227 Shares of The TJX Companies, Inc. $TJX

Brevan Howard Capital Management LP lowered its stake in The TJX Companies, Inc. (NYSE:TJX) by 69.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,562 shares of the apparel and home fashions retailer’s stock after selling 122,227 shares during the quarter. Brevan Howard Capital Management LP’s holdings in TJX Companies were worth $7,597,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Banco Santander S.A. raised its holdings in shares of TJX Companies by 24.6% during the third quarter. Banco Santander S.A. now owns 160,368 shares of the apparel and home fashions retailer’s stock valued at $23,180,000 after purchasing an additional 31,631 shares during the period. Bank of Nova Scotia grew its stake in shares of TJX Companies by 129.9% in the 2nd 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 period. Empowered Funds LLC grew its stake in shares of TJX Companies by 66.6% in the 2nd 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 period. Rheos Capital Works Inc. increased its position in TJX Companies by 26.0% in the 3rd quarter. Rheos Capital Works Inc. now owns 370,000 shares of the apparel and home fashions retailer’s stock valued at $53,480,000 after buying an additional 76,400 shares in the last quarter. Finally, Wealthfront Advisers LLC increased its position in TJX Companies by 4.9% in the 3rd quarter. Wealthfront Advisers LLC now owns 171,820 shares of the apparel and home fashions retailer’s stock valued at $24,835,000 after buying an additional 8,006 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Down 0.3%

TJX stock opened at $155.40 on Friday. The firm has a market capitalization of $172.56 billion, a PE ratio of 31.84, a P/E/G ratio of 3.57 and a beta of 0.73. 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 TJX Companies, Inc. has a twelve month low of $112.30 and a twelve month high of $162.68. The stock’s 50 day moving average is $155.56 and its 200-day moving average is $149.36.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.05. The business 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 revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company 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. Sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

Insider Activity

In other news, CEO Ernie Herrman sold 30,000 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were 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 owned 479,316 shares in the company, valued at $77,145,910.20. This represents a 5.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TJX has been the topic of several recent research reports. Evercore increased their price target on TJX Companies from $162.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, November 20th. Guggenheim upgraded TJX Companies to a “strong-buy” rating in a report on Wednesday, December 10th. Citigroup reaffirmed a “buy” rating and set a $168.00 target price (up from $160.00) on shares of TJX Companies in a research report on Thursday, November 20th. Robert W. Baird set a $168.00 target price on TJX Companies in a report on Wednesday, December 17th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $170.00 price target on shares of TJX Companies in a research report on Tuesday, January 6th. 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 MarketBeat.com, the company presently has an average rating of “Buy” and an average 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.