Delta Global Management LP Purchases Shares of 17,875 The TJX Companies, Inc. $TJX

Delta Global Management LP bought a new position in The TJX Companies, Inc. (NYSE:TJX) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 17,875 shares of the apparel and home fashions retailer’s stock, valued at approximately $2,584,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of TJX Companies by 0.8% in the third quarter. Vanguard Group Inc. now owns 101,961,786 shares of the apparel and home fashions retailer’s stock worth $14,737,557,000 after purchasing an additional 820,730 shares during the period. State Street Corp boosted its stake in TJX Companies by 0.6% during the 2nd quarter. State Street Corp now owns 48,595,536 shares of the apparel and home fashions retailer’s stock valued at $6,001,063,000 after purchasing an additional 285,737 shares during the period. Capital International Investors grew its holdings in TJX Companies by 4.2% in the 3rd quarter. Capital International Investors now owns 15,678,165 shares of the apparel and home fashions retailer’s stock valued at $2,266,066,000 after buying an additional 630,574 shares during the last quarter. Norges Bank acquired a new stake in TJX Companies in the 2nd quarter valued at approximately $1,808,774,000. Finally, Ameriprise Financial Inc. increased its position in TJX Companies by 3.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 13,391,533 shares of the apparel and home fashions retailer’s stock worth $1,939,435,000 after buying an additional 392,097 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Down 0.3%

TJX opened at $155.40 on Monday. The firm has a market cap of $172.56 billion, a price-to-earnings ratio of 31.84, a PEG 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 firm’s 50-day simple moving average is $155.56 and its 200-day simple moving average is $149.45. The TJX Companies, Inc. has a twelve month low of $112.30 and a twelve month high of $162.68.

TJX Companies (NYSE:TJX) last posted 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 company had revenue of $17.74 billion during the quarter, compared to analysts’ expectations of $17.36 billion. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. TJX Companies’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous 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. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of TJX Companies stock in a transaction 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 transaction, the chief executive officer 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 document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TJX shares. Evercore upped their target price on shares of TJX Companies from $162.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday, November 20th. JPMorgan Chase & Co. raised their price target on shares of TJX Companies from $154.00 to $173.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. TD Cowen restated a “buy” rating on shares of TJX Companies in a report on Thursday, November 20th. BTIG Research reaffirmed a “buy” rating and set a $185.00 price objective (up from $165.00) on shares of TJX Companies in a research report on Thursday, February 26th. Finally, Wall Street Zen cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Three investment analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $167.55.

TJX Companies Company 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.