The TJX Companies, Inc. $TJX Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd decreased its holdings in The TJX Companies, Inc. (NYSE:TJX) by 74.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 4,855 shares of the apparel and home fashions retailer’s stock after selling 14,290 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in TJX Companies were worth $702,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Norges Bank acquired a new stake in TJX Companies during the 2nd quarter worth approximately $1,808,774,000. Laurel Wealth Advisors LLC grew its stake in shares of TJX Companies by 12,417.0% in the second quarter. Laurel Wealth Advisors LLC now owns 4,057,273 shares of the apparel and home fashions retailer’s stock worth $501,033,000 after acquiring an additional 4,024,859 shares in the last quarter. Corient Private Wealth LLC grew its stake in shares of TJX Companies by 120.7% in the second quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer’s stock worth $620,406,000 after acquiring an additional 2,743,676 shares in the last quarter. ABN AMRO Bank N.V. purchased a new stake in shares of TJX Companies during the second quarter worth $244,687,000. Finally, Raymond James Financial Inc. increased its position in shares of TJX Companies by 26.3% during the second quarter. Raymond James Financial Inc. now owns 5,952,367 shares of the apparel and home fashions retailer’s stock worth $735,058,000 after acquiring an additional 1,238,124 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Ratings Changes

TJX has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on TJX Companies from $154.00 to $173.00 and gave the company an “overweight” rating in a report on Monday, February 23rd. UBS Group restated a “buy” rating on shares of TJX Companies in a report on Wednesday, March 4th. Morgan Stanley reaffirmed an “overweight” rating and issued a $162.00 price target (up from $159.00) on shares of TJX Companies in a research report on Thursday, November 20th. Bank of America lifted their price objective on TJX Companies from $150.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Finally, Guggenheim raised TJX Companies to a “strong-buy” rating in a research report on Wednesday, December 10th. Three investment analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the stock. According to data from MarketBeat, TJX Companies presently has an average rating of “Buy” and a consensus price target of $167.55.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 30,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer owned 479,316 shares of the company’s stock, valued at approximately $77,145,910.20. This trade represents a 5.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX stock opened at $158.06 on Tuesday. The company has a market cap of $175.52 billion, a P/E ratio of 32.39, a PEG ratio of 3.67 and a beta of 0.73. The firm has a fifty day moving average price of $155.33 and a 200 day moving average price of $148.87. 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 TJX Companies, Inc. has a 12 month low of $112.10 and a 12 month high of $162.68.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.05. The company had revenue of $17.74 billion for 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%.TJX Companies’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the firm earned $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 predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

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.