Pinnbrook Capital Management LP Takes $2.68 Million Position in The TJX Companies, Inc. $TJX

Key Points

• Pinnbrook Capital Management LP opened a new position in TJX in Q3, buying 18,528 shares valued at approximately $2.68 million.
• Analysts are broadly bullish on TJX, with a consensus rating of "Buy" and an average price target of about $167.55, after multiple firms raised targets (e.g., Barclays to $183, JPMorgan to $173).
• Insider activity: CEO Ernie Herrman sold 30,000 shares on March 2 for roughly $4.83 million, reducing his stake by about 5.89%.

Pinnbrook Capital Management LP acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,528 shares of the apparel and home fashions retailer's stock, valued at approximately $2,678,000.

A number of other hedge funds have also modified their holdings of TJX. Lavaca Capital LLC acquired a new position in TJX Companies during the 2nd quarter worth approximately $25,000. Dogwood Wealth Management LLC raised its holdings 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 valued at $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 approximately $27,000. Howard Hughes Medical Institute bought a new stake in shares of TJX Companies in the second quarter worth $30,000. Finally, Capital A Wealth Management LLC lifted its position in shares of TJX Companies by 776.7% in 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 purchasing an additional 233 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TJX has been the subject of several recent research reports. Barclays increased their target price on shares of TJX Companies from $172.00 to $183.00 and gave the stock an "overweight" rating in a report on Thursday, February 26th. JPMorgan Chase & Co. boosted their price target on shares of TJX Companies from $154.00 to $173.00 and gave the stock an "overweight" rating in a research report on Monday, February 23rd. Argus upgraded shares of TJX Companies to a "strong-buy" rating in a research note on Tuesday, March 3rd. Citigroup restated a "buy" rating and issued a $168.00 price objective (up from $160.00) on shares of TJX Companies in a report on Thursday, November 20th. Finally, The Goldman Sachs Group lifted their target price on TJX Companies from $163.00 to $170.00 and gave the company a "buy" rating in a research report on Thursday, November 20th. Three research analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company's stock. Based on data from MarketBeat, TJX Companies has a consensus rating of "Buy" and an average price target of $167.55.

TJX Companies Price Performance

Shares of TJX opened at $155.40 on Friday. The company has a market cap of $172.56 billion, a price-to-earnings ratio of 31.84, a PEG ratio of 3.58 and a beta of 0.73. The TJX Companies, Inc. has a 1-year low of $112.30 and a 1-year high of $162.68. The company's fifty day simple moving average is $155.56 and its 200 day simple moving average is $149.28. The company has a current ratio of 1.14, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18.

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 (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.05. The firm 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 quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.23 earnings per share. 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. On average, research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Ernie Herrman sold 30,000 shares of the company's stock in a transaction dated Monday, March 2nd. The shares were 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.13% of the company's stock.

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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