Covea Finance Cuts Stock Position in The TJX Companies, Inc. $TJX

Key Points

• Covea Finance cut its stake in The TJX Companies by 14.2% in Q4 and now holds 241,368 shares worth about $37.08 million, representing roughly 1.2% of its portfolio and its 23rd largest position.
• CEO Ernie Herrman sold 30,000 shares on March 2 at an average price of $160.95 for about $4.83 million, reducing his ownership by 5.89%; company insiders collectively own 0.13% of TJX.
• TJX beat Q4 estimates with $1.43 EPS and issued FY2027 guidance of $4.93–5.02, while analysts maintain a consensus Buy rating with a $167.55 price target.

Covea Finance cut its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 14.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 241,368 shares of the apparel and home fashions retailer's stock after selling 40,100 shares during the quarter. TJX Companies makes up about 1.2% of Covea Finance's investment portfolio, making the stock its 23rd largest position. Covea Finance's holdings in TJX Companies were worth $37,077,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Lavaca Capital LLC purchased a new stake in TJX Companies in the second quarter worth approximately $25,000. Dogwood Wealth Management LLC raised its stake in shares of TJX Companies by 102.2% during the third quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer's stock worth $26,000 after acquiring an additional 92 shares in the last quarter. GGM Financials LLC purchased a new position in shares of TJX Companies during the third quarter worth approximately $27,000. Imprint Wealth LLC bought a new stake in shares of TJX Companies in the 3rd quarter worth approximately $27,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new stake in shares of TJX Companies in the 3rd quarter valued at $28,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Ernie Herrman sold 30,000 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $160.95, for a total value of $4,828,500.00. Following the sale, the chief executive officer directly owned 479,316 shares of the company's stock, valued at approximately $77,145,910.20. This represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.13% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wells Fargo & Company reaffirmed a "positive" rating and set a $150.00 target price (up from $145.00) on shares of TJX Companies in a report on Tuesday, December 16th. Robert W. Baird set a $168.00 price target on shares of TJX Companies in a research note on Wednesday, December 17th. Deutsche Bank Aktiengesellschaft set a $184.00 price target on shares of TJX Companies in a research report on Thursday, January 8th. JPMorgan Chase & Co. raised their price objective on TJX Companies from $154.00 to $173.00 and gave the company an "overweight" rating in a research note on Monday, February 23rd. Finally, Weiss Ratings reiterated a "buy (b+)" rating on shares of TJX Companies in a report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $167.55.

TJX Companies Price Performance

TJX stock opened at $154.99 on Friday. The firm has a 50 day moving average price of $155.49 and a 200-day moving average price of $149.90. The TJX Companies, Inc. has a 52-week low of $113.98 and a 52-week high of $162.68. The firm has a market capitalization of $172.11 billion, a price-to-earnings ratio of 31.76, a PEG ratio of 3.56 and a beta of 0.73. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.14.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.05. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The company had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $17.36 billion. During the same quarter in the prior year, the business posted $1.23 EPS. The firm's quarterly revenue was up 8.5% compared to the same quarter last year. 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 forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

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.

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