Earnest Partners LLC Sells 17,331 Shares of The TJX Companies, Inc. $TJX

Earnest Partners LLC cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 3.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 548,988 shares of the apparel and home fashions retailer’s stock after selling 17,331 shares during the period. Earnest Partners LLC’s holdings in TJX Companies were worth $79,351,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC boosted its stake in shares of TJX Companies by 113.7% in the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock valued at $1,817,000 after purchasing an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in TJX Companies by 12.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock valued at $262,000 after purchasing an additional 235 shares during the last quarter. Bison Wealth LLC boosted its position in TJX Companies by 32.9% in the fourth quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer’s stock valued at $466,000 after buying an additional 955 shares in the last quarter. United Bank boosted its position in TJX Companies by 7.6% in the second quarter. United Bank now owns 16,298 shares of the apparel and home fashions retailer’s stock valued at $2,013,000 after buying an additional 1,155 shares in the last quarter. Finally, Schnieders Capital Management LLC. bought a new stake in TJX Companies during the second quarter worth about $244,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of TJX stock opened at $155.40 on Monday. The TJX Companies, Inc. has a 1 year low of $112.30 and a 1 year high of $162.68. The company has a current ratio of 1.14, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18. The firm’s 50 day moving average is $155.56 and its 200-day moving average is $149.45. The firm has a market capitalization of $172.56 billion, a price-to-earnings ratio of 31.84, a PEG ratio of 3.57 and a beta of 0.73.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.05. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The firm had revenue of $17.74 billion during the quarter, compared to analysts’ expectations of $17.36 billion. During the same quarter in the previous year, the company posted $1.23 EPS. TJX Companies’s revenue was up 8.5% on a year-over-year basis. 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 forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Sanford C. Bernstein reiterated an “outperform” rating and issued a $170.00 target price on shares of TJX Companies in a research note on Tuesday, January 6th. Weiss Ratings restated a “buy (b+)” rating on shares of TJX Companies in a research report on Wednesday, January 21st. BTIG Research reaffirmed a “buy” rating and set a $185.00 price target (up from $165.00) on shares of TJX Companies in a report on Thursday, February 26th. Guggenheim upgraded TJX Companies to a “strong-buy” rating in a research report on Wednesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft set a $184.00 price objective on TJX Companies in a research note on Thursday, January 8th. Three investment analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $167.55.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 30,000 shares of the business’s stock in a transaction 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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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.