Avity Investment Management Inc. Sells 8,934 Shares of The TJX Companies, Inc. $TJX

Key Points

• Avity Investment Management Inc. reduced its holdings in The TJX Companies by 2.6%, now owning 332,119 shares worth around $41 million, which constitutes approximately 3.0% of its total holdings.
• Recent earnings report revealed that TJX Companies surpassed analyst expectations, posting $1.10 earnings per share and $14.40 billion in revenue, reflecting a 6.9% year-over-year increase.
• Several brokerages have recently increased their price targets for TJX, with estimates now ranging from $148.00 to $162.00, reflecting strong sentiment towards the stock.

Avity Investment Management Inc. decreased its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 332,119 shares of the apparel and home fashions retailer's stock after selling 8,934 shares during the period. TJX Companies makes up about 3.0% of Avity Investment Management Inc.'s investment portfolio, making the stock its 13th largest holding. Avity Investment Management Inc.'s holdings in TJX Companies were worth $41,013,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. TCTC Holdings LLC raised its stake in shares of TJX Companies by 210.1% in the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock valued at $26,000 after purchasing an additional 145 shares during the period. Atlantic Edge Private Wealth Management LLC raised its position in TJX Companies by 58.8% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock valued at $36,000 after buying an additional 110 shares during the last quarter. Iron Horse Wealth Management LLC lifted its stake in TJX Companies by 99.3% in the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock valued at $36,000 after acquiring an additional 149 shares in the last quarter. Inlight Wealth Management LLC acquired a new position in TJX Companies during the 1st quarter worth approximately $37,000. Finally, Activest Wealth Management grew its stake in shares of TJX Companies by 4,485.7% during the 1st quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer's stock worth $39,000 after acquiring an additional 314 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TJX. BMO Capital Markets reissued an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. JPMorgan Chase & Co. increased their price objective on shares of TJX Companies from $145.00 to $148.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Barclays lifted their target price on TJX Companies from $147.00 to $155.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Telsey Advisory Group reaffirmed an "outperform" rating and set a $155.00 price target (up previously from $150.00) on shares of TJX Companies in a research report on Wednesday, August 20th. Finally, Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a report on Saturday, August 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $147.58.

TJX Companies Stock Performance

Shares of NYSE TJX traded down $1.65 during midday trading on Tuesday, hitting $139.52. 3,786,268 shares of the company's stock were exchanged, compared to its average volume of 5,260,196. The TJX Companies, Inc. has a 12 month low of $111.22 and a 12 month high of $145.58. The company's 50 day moving average price is $131.99 and its 200 day moving average price is $127.23. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $155.28 billion, a PE ratio of 31.78, a price-to-earnings-growth ratio of 3.18 and a beta of 0.90.

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

TJX Companies Company 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.