Riverbridge Partners LLC Sells 10,499 Shares of The TJX Companies, Inc. $TJX

Riverbridge Partners LLC trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX) by 30.8% in the fourth quarter, Holdings Channel reports. The fund owned 23,570 shares of the apparel and home fashions retailer’s stock after selling 10,499 shares during the period. Riverbridge Partners LLC’s holdings in TJX Companies were worth $3,621,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of TJX Companies during the 2nd quarter valued at about $1,808,774,000. Alliancebernstein L.P. increased its stake in TJX Companies by 91.6% during the 3rd quarter. Alliancebernstein L.P. now owns 6,712,226 shares of the apparel and home fashions retailer’s stock worth $970,185,000 after purchasing an additional 3,208,458 shares in the last quarter. Corient Private Wealth LLC raised its holdings in TJX Companies by 120.7% during the 2nd 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 buying an additional 2,743,676 shares during the period. Amundi raised its holdings in TJX Companies by 22.1% during the 3rd quarter. Amundi now owns 9,725,542 shares of the apparel and home fashions retailer’s stock worth $1,391,822,000 after buying an additional 1,761,281 shares during the period. Finally, Mackenzie Financial Corp lifted its stake in TJX Companies by 81.2% in the third quarter. Mackenzie Financial Corp now owns 3,198,579 shares of the apparel and home fashions retailer’s stock valued at $462,323,000 after buying an additional 1,433,801 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TJX has been the subject of several research analyst reports. Guggenheim upgraded shares of TJX Companies to a “strong-buy” rating in a report on Wednesday, December 10th. Robert W. Baird set a $168.00 price objective on shares of TJX Companies in a research report on Wednesday, December 17th. BTIG Research reaffirmed a “buy” rating and issued a $185.00 target price (up from $165.00) on shares of TJX Companies in a research note on Thursday, February 26th. Deutsche Bank Aktiengesellschaft set a $184.00 target price on TJX Companies in a report on Thursday, January 8th. Finally, JPMorgan Chase & Co. lifted their price target on TJX Companies from $154.00 to $173.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. 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 data from MarketBeat.com, TJX Companies presently has an average rating of “Buy” and a consensus price target of $167.55.

TJX Companies Price Performance

NYSE TJX opened at $157.62 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a 12-month low of $116.37 and a 12-month high of $162.68. The company has a market capitalization of $175.03 billion, a PE ratio of 32.30, a price-to-earnings-growth ratio of 3.67 and a beta of 0.73. The firm’s 50 day moving average is $155.61 and its 200-day moving average is $150.41.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.05. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The business had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.36 billion. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Insider Activity at TJX Companies

In other 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 directly owned 479,316 shares in the company, valued at $77,145,910.20. This represents a 5.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by corporate insiders.

About TJX Companies

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.