NorthCrest Asset Manangement LLC Increases Position in The TJX Companies, Inc. $TJX

NorthCrest Asset Manangement LLC boosted its position in The TJX Companies, Inc. (NYSE:TJX) by 29.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,527 shares of the apparel and home fashions retailer’s stock after acquiring an additional 13,445 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in TJX Companies were worth $9,004,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in TJX. Lavaca Capital LLC purchased a new position in shares of TJX Companies in the 2nd quarter worth about $25,000. Dogwood Wealth Management LLC increased its position in shares of TJX Companies by 102.2% during the 3rd quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer’s stock valued at $26,000 after purchasing an additional 92 shares during the last quarter. GGM Financials LLC purchased a new position in shares of TJX Companies during the 3rd quarter valued at about $27,000. Imprint Wealth LLC purchased a new position in shares of TJX Companies during the 3rd quarter valued at about $27,000. Finally, KERR FINANCIAL PLANNING Corp bought a new stake in TJX Companies in the 3rd quarter worth approximately $28,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Up 0.2%

Shares of NYSE:TJX opened at $154.99 on Friday. The stock’s 50-day moving average is $155.49 and its 200 day moving average is $149.98. The company has a market cap of $172.11 billion, a PE ratio of 31.76, a P/E/G ratio of 3.56 and a beta of 0.73. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.59. The TJX Companies, Inc. has a 1 year low of $113.98 and a 1 year high of $162.68.

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, topping the consensus estimate of $1.38 by $0.05. The business had revenue of $17.74 billion during the quarter, compared to analysts’ expectations of $17.36 billion. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The business’s revenue 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. Sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on TJX shares. Guggenheim raised TJX Companies to a “strong-buy” rating in a research note on Wednesday, December 10th. Sanford C. Bernstein reissued an “outperform” rating and set a $170.00 price target on shares of TJX Companies in a research note on Tuesday, January 6th. UBS Group restated a “buy” rating on shares of TJX Companies in a report on Wednesday, March 4th. Barclays increased their target price on shares of TJX Companies from $172.00 to $183.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of TJX Companies in a research report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $167.55.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 30,000 shares of the firm’s 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 sale, the chief executive officer owned 479,316 shares of the company’s stock, valued at $77,145,910.20. This trade represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is currently owned by corporate insiders.

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.