Acadian Asset Management LLC Sells 222,670 Shares of The TJX Companies, Inc. $TJX

Key Points

• Acadian Asset Management LLC reduced its stake in TJX Companies by 27.4%, selling 222,670 shares to now hold 589,604 shares worth approximately $71.8 million.
• Shares of TJX Companies have received multiple "buy" ratings from analysts, with a consensus target price of $147.58, reflecting optimistic outlooks despite recent market fluctuations.
• For the last quarter, TJX reported earnings of $1.10 per share, beating estimates, along with a revenue of $14.40 billion, showcasing a 6.9% year-over-year increase.

Acadian Asset Management LLC cut its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 27.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 589,604 shares of the apparel and home fashions retailer's stock after selling 222,670 shares during the quarter. Acadian Asset Management LLC owned about 0.05% of TJX Companies worth $71,802,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in TJX Companies by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 100,413,764 shares of the apparel and home fashions retailer's stock worth $12,230,396,000 after purchasing an additional 1,099,129 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of TJX Companies by 0.3% in the 1st quarter. Ameriprise Financial Inc. now owns 13,068,312 shares of the apparel and home fashions retailer's stock worth $1,591,758,000 after acquiring an additional 35,800 shares in the last quarter. Royal Bank of Canada increased its stake in shares of TJX Companies by 12.9% in the 4th quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer's stock worth $1,486,074,000 after acquiring an additional 1,403,561 shares in the last quarter. Amundi increased its stake in shares of TJX Companies by 10.2% in the 1st quarter. Amundi now owns 11,888,455 shares of the apparel and home fashions retailer's stock worth $1,489,305,000 after acquiring an additional 1,104,292 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of TJX Companies in the 1st quarter worth about $1,330,717,000. 91.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on TJX. Daiwa Capital Markets began coverage on shares of TJX Companies in a research note on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 price target for the company. Macquarie reiterated a "buy" rating on shares of TJX Companies in a research note on Monday, August 11th. BMO Capital Markets reiterated an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Erste Group Bank began coverage on shares of TJX Companies in a research note on Friday, September 5th. They issued a "buy" rating for the company. Finally, Evercore ISI increased their price target on shares of TJX Companies from $150.00 to $162.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $147.58.

TJX Companies Stock Down 0.1%

NYSE:TJX opened at $139.88 on Thursday. The firm has a market cap of $155.68 billion, a P/E ratio of 31.86, a P/E/G ratio of 3.15 and a beta of 0.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.52 and a current ratio of 1.17. The TJX Companies, Inc. has a fifty-two week low of $111.22 and a fifty-two week high of $145.58. The firm has a 50-day simple moving average of $130.82 and a two-hundred day simple moving average of $126.74.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.09. The business had revenue of $14.40 billion during the quarter, compared to analyst estimates of $14.12 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. TJX Companies's revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business earned $0.96 EPS. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. Analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.

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