Blair William & Co. Increases Stake in The TJX Companies, Inc.

Blair William & Co. IL has increased its investment in The TJX Companies, Inc. (NYSE:TJX) by 3.2% during the fourth quarter, as per its latest filing with the Securities and Exchange Commission (SEC). The investment firm now holds 369,806 shares of the popular retailer specializing in apparel and home fashions after adding an additional 11,526 shares during the quarter. At the close of this reporting period, Blair William & Co.'s total stake in TJX Companies was valued at approximately $44,676,000.

Additionally, various institutional investors and hedge funds have also made adjustments to their positions in TJX Companies recently. For instance, Congress Asset Management Co. raised its holdings in the company by 1.1% in the fourth quarter, owning 1,228,840 shares worth around $148,456,000 after acquiring an extra 13,036 shares. Atlas Legacy Advisors LLC took a new position in TJX, amounting to $433,000 during the same quarter. Moreover, BLB&B Advisors LLC expanded its stake by 2.8%, now owning 81,079 shares valued at $9,795,000 after increasing its holdings by 2,201 shares. Empowered Funds LLC also raised its holdings in the company by 12.1%, reaching a total of 34,186 shares valued at $4,130,000 following an acquisition of 3,691 shares. In a similar fashion, Boyd Watterson Asset Management LLC OH entered a new investment in TJX Companies valued at around $604,000. Collectively, institutional investors and hedge funds own approximately 91.09% of the company's shares.

Latest Insider Transactions

In other news, recent transactions involving company insiders were reported. On February 27th, Director Alan M. Bennett sold 8,000 shares of TJX stock at an average price of $123.53, resulting in total proceeds of about $988,240. This transaction was documented in a filing with the SEC. Following this, on March 5th, CEO Ernie Herrman sold 23,428 shares at an average price of $123.03, leading to a transaction totaling $2,882,346.84. Consequently, after these sales, the CEO now possesses 484,189 shares valued at approximately $59,569,772.67, reflecting a 4.62% decrease in his holdings. Company insiders currently own 0.13% of the stock.

TJX Companies Stock Performance

The share price of NYSE:TJX opened at $120.55 on Friday. The company exhibits a debt-to-equity ratio of 0.35, a quick ratio of 0.50, and a current ratio of 1.19. Over the past 52 weeks, TJX's stock has seen a low of $92.35 and a high of $128.00, with a market capitalization of $135.51 billion. The firm's price-to-earnings (PE) ratio stands at 28.36, with a price-to-earnings-growth (PEG) ratio of 2.75, and a beta of 0.96. The fifty-day moving average price of the stock is $121.69, while the 200-day moving average is $120.19.

Recently, TJX Companies reported its earnings for the last quarter on February 26th, showing an earnings per share (EPS) of $1.23, which exceeded analyst estimates of $1.16 by $0.07. The company's revenue for the quarter reached $16.35 billion, surpassing the anticipated $16.24 billion. For this period, TJX Companies recorded a return on equity of 61.82% and a net margin of 8.63%. Analysts project that The TJX Companies, Inc. will achieve an EPS of 4.18 for the current fiscal year.

Brokerage Outlook

Several analysts have recently commented on TJX Companies. StockNews.com upgraded the company from a "hold" to a "buy" rating in a report issued on Thursday. Morgan Stanley increased its price target on TJX stock from $130.00 to $135.00, maintaining an "overweight" rating in a report from January 21st. BMO Capital Markets also raised its price target from $133.00 to $145.00 while assigning an "outperform" rating in a report released on February 27th. Furthermore, Robert W. Baird adjusted its price target from $138.00 to $140.00, marking an "outperform" rating on the same date. Lastly, Wells Fargo increased its price objective from $115.00 to $120.00, suggesting an "equal weight" rating in a report dated January 10th. Overall, two analysts rated the stock with a hold, while sixteen analysts labeled it as a buy. Data from MarketBeat indicates that TJX Companies holds a consensus rating of "Moderate Buy" and an average price target set at $135.06.

Company Overview

The TJX Companies, Inc. is recognized as an off-price retailer providing apparel and home fashions across the United States, Canada, Europe, and Australia. The company operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. TJX sells a variety of merchandise, including family apparel (footwear and accessories), home goods (furniture, lighting products, cookware), decorative accessories, jewelry, and extended departments for gourmet foods and pet products.

investment, retail, stocks, dividends