Legacy Wealth Management LLC MS Has $5.79 Million Stock Holdings in The TJX Companies, Inc. $TJX

Legacy Wealth Management LLC MS raised its holdings in The TJX Companies, Inc. (NYSE:TJX) by 14.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,677 shares of the apparel and home fashions retailer’s stock after buying an additional 4,869 shares during the period. TJX Companies comprises about 1.5% of Legacy Wealth Management LLC MS’s holdings, making the stock its 13th largest position. Legacy Wealth Management LLC MS’s holdings in TJX Companies were worth $5,788,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Lavaca Capital LLC bought a new position in TJX Companies in the 2nd quarter valued at about $25,000. Dogwood Wealth Management LLC increased its holdings in 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 purchasing an additional 92 shares in the last quarter. GGM Financials LLC purchased a new stake in shares of TJX Companies in the third quarter worth approximately $27,000. Imprint Wealth LLC bought a new position in shares of TJX Companies in the third quarter valued at approximately $27,000. Finally, KERR FINANCIAL PLANNING Corp bought a new position in shares of TJX Companies in the third quarter valued at approximately $28,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Performance

Shares of TJX opened at $154.70 on Friday. The stock has a 50 day moving average of $155.55 and a 200 day moving average of $149.77. The company has a market capitalization of $171.78 billion, a price-to-earnings ratio of 31.70, a PEG ratio of 3.52 and a beta of 0.73. The TJX Companies, Inc. has a 12 month low of $113.98 and a 12 month 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.

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. The business 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%.The business’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous 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. As a group, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

TJX has been the subject of several recent research reports. Wall Street Zen downgraded TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. The Goldman Sachs Group raised their price objective on TJX Companies from $163.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $170.00 price objective on shares of TJX Companies in a report on Tuesday, January 6th. Telsey Advisory Group upped their target price on shares of TJX Companies from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Finally, 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. Three analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $167.55.

Insiders Place Their Bets

In related 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 completion of the transaction, the chief executive officer owned 479,316 shares in the company, valued at approximately $77,145,910.20. This represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

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.