Capital Research Global Investors Acquires 7,380 Shares of The TJX Companies, Inc. $TJX

Key Points

• Capital Research Global Investors boosted its TJX stake by 7,380 shares to 2,390,346 shares (about 0.21% ownership), a position valued at roughly $345.5 million per its latest 13F filing.
• TJX topped expectations with Q earnings of $1.43 vs. $1.38 estimated and revenue of $17.74 billion (up 8.5% YoY), and the company set FY2027 EPS guidance of $4.93–5.02.
• CEO Ernie Herrman sold 30,000 shares on March 2 for about $160.95 each, a $4.83 million sale that reduced his ownership by 5.89% to 479,316 shares.

Capital Research Global Investors lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 0.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,390,346 shares of the apparel and home fashions retailer's stock after purchasing an additional 7,380 shares during the quarter. Capital Research Global Investors owned 0.21% of TJX Companies worth $345,501,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Lavaca Capital LLC bought a new position in shares of TJX Companies in the second quarter worth about $25,000. Dogwood Wealth Management LLC grew its stake in shares of TJX Companies by 102.2% in the third quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer's stock worth $26,000 after purchasing an additional 92 shares during the last quarter. GGM Financials LLC acquired a new stake in shares of TJX Companies in the third quarter valued at about $27,000. Howard Hughes Medical Institute acquired a new stake in TJX Companies during the 2nd quarter valued at approximately $30,000. Finally, Capital A Wealth Management LLC raised its stake in TJX Companies by 776.7% during the second quarter. Capital A Wealth Management LLC now owns 263 shares of the apparel and home fashions retailer's stock worth $32,000 after buying an additional 233 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $159.51 on Wednesday. The stock has a market cap of $177.13 billion, a PE ratio of 32.69, a PEG ratio of 3.64 and a beta of 0.73. The TJX Companies, Inc. has a 52 week low of $112.10 and a 52 week high of $162.68. The company's fifty day moving average is $155.42 and its 200 day moving average is $149.03. The company has a quick ratio of 0.59, a current ratio of 1.14 and a debt-to-equity ratio of 0.18.

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

Insider Activity

In other news, CEO Ernie Herrman sold 30,000 shares of TJX Companies stock in a transaction that occurred on 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 approximately $77,145,910.20. This trade represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on TJX shares. Citigroup reissued a "buy" rating and set a $168.00 target price (up from $160.00) on shares of TJX Companies in a research note on Thursday, November 20th. Guggenheim raised TJX Companies to a "strong-buy" rating in a research report on Wednesday, December 10th. Wells Fargo & Company reiterated a "positive" rating and issued a $150.00 price objective (up from $145.00) on shares of TJX Companies in a research note on Tuesday, December 16th. Telsey Advisory Group lifted their target price on TJX Companies from $170.00 to $175.00 and gave the stock an "outperform" rating in a research note on Thursday, February 26th. Finally, Robert W. Baird set a $168.00 target price on TJX Companies in a research report on Wednesday, December 17th. Three investment analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $167.55.

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.

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