SG Americas Securities LLC Cuts Position in The TJX Companies, Inc. $TJX

SG Americas Securities LLC cut its holdings in The TJX Companies, Inc. (NYSE:TJX) by 23.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 560,690 shares of the apparel and home fashions retailer’s stock after selling 167,710 shares during the period. SG Americas Securities LLC’s holdings in TJX Companies were worth $86,128,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TJX. Lavaca Capital LLC purchased a new position in TJX Companies in the second quarter worth $25,000. Dogwood Wealth Management LLC grew its stake in TJX Companies by 102.2% in 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 period. GGM Financials LLC purchased a new stake in shares of TJX Companies during the 3rd quarter valued at $27,000. Imprint Wealth LLC purchased a new stake in shares of TJX Companies during the 3rd quarter valued at $27,000. Finally, KERR FINANCIAL PLANNING Corp bought a new stake in shares of TJX Companies during the 3rd quarter worth $28,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Ernie Herrman sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $160.95, for a total value of $4,828,500.00. Following the sale, the chief executive officer owned 479,316 shares of the company’s stock, 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 document filed with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on TJX. Sanford C. Bernstein reissued an “outperform” rating and issued a $170.00 price target on shares of TJX Companies in a report on Tuesday, January 6th. BTIG Research reaffirmed a “buy” rating and issued a $185.00 price objective (up from $165.00) on shares of TJX Companies in a research report on Thursday, February 26th. Argus upgraded shares of TJX Companies to a “strong-buy” rating in a research note on Tuesday, March 3rd. JPMorgan Chase & Co. increased their target price on shares of TJX Companies from $154.00 to $173.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Finally, Robert W. Baird set a $168.00 price target on shares of TJX Companies in a research note on Wednesday, December 17th. Three investment analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the stock. According to data from MarketBeat.com, TJX Companies has a consensus rating of “Buy” and an average price target of $167.55.

TJX Companies Stock Up 1.2%

TJX stock opened at $158.39 on Wednesday. The stock has a fifty day moving average of $155.49 and a 200-day moving average of $150.30. The TJX Companies, Inc. has a fifty-two week low of $116.37 and a fifty-two week high of $162.68. The company has a market capitalization of $175.89 billion, a price-to-earnings ratio of 32.46, a PEG ratio of 3.60 and a beta of 0.73. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.14.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous 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. As a group, equities research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current 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.