Invesco Ltd. Has $1.12 Billion Position in The TJX Companies, Inc. $TJX

Invesco Ltd. decreased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 14.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 7,766,924 shares of the apparel and home fashions retailer’s stock after selling 1,314,163 shares during the period. Invesco Ltd.’s holdings in TJX Companies were worth $1,122,631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dogwood Wealth Management LLC lifted its stake 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 worth $26,000 after buying an additional 92 shares during the last quarter. GGM Financials LLC acquired a new position in TJX Companies in the 3rd quarter valued at about $27,000. Lavaca Capital LLC acquired a new position in TJX Companies in the 2nd quarter valued at about $25,000. Highline Wealth Partners LLC raised its holdings in TJX Companies by 65.0% in the 3rd quarter. Highline Wealth Partners LLC now owns 231 shares of the apparel and home fashions retailer’s stock valued at $33,000 after acquiring an additional 91 shares during the period. Finally, Howard Hughes Medical Institute acquired a new stake in TJX Companies during the second quarter worth approximately $30,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Price Performance

Shares of NYSE TJX opened at $155.74 on Friday. The stock has a market capitalization of $172.95 billion, a PE ratio of 31.91, a P/E/G ratio of 3.63 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 business has a fifty day moving average price of $155.54 and a two-hundred day moving average price of $149.14. The TJX Companies, Inc. has a fifty-two week low of $112.10 and a fifty-two week high of $162.68.

TJX Companies (NYSE:TJX) last released its 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. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The company had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.36 billion. During the same period in the prior year, the firm posted $1.23 EPS. TJX Companies’s quarterly 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. As a group, equities analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TJX. UBS Group reaffirmed a “buy” rating on shares of TJX Companies in a research report on Wednesday, March 4th. Bank of America lifted their price target on TJX Companies from $150.00 to $168.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Robert W. Baird set a $168.00 price target on TJX Companies in a research note on Wednesday, December 17th. Argus raised TJX Companies to a “strong-buy” rating in a report on Tuesday, March 3rd. Finally, JPMorgan Chase & Co. lifted their target price on TJX Companies from $154.00 to $173.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Three investment analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $167.55.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the sale, the chief executive officer directly owned 479,316 shares in the company, valued at $77,145,910.20. This represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.13% of the stock is owned by corporate insiders.

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.