Plato Investment Management Ltd Sells 9,210 Shares of The TJX Companies, Inc. $TJX

Key Points

• Plato Investment Management Ltd has reduced its holdings in The TJX Companies, Inc. by 20.6%, selling 9,210 shares in the first quarter, leaving them with 35,416 shares valued at approximately $4.36 million.
• Analysts are bullish on TJX, with firms like Wells Fargo and Barclays raising price targets, while the stock maintains a consensus rating of "Buy" with an average target price of $147.58.
• The TJX Companies recently reported earnings of $1.10 per share for the last quarter, surpassing expectations and showing a year-over-year revenue increase of 6.9%.

Plato Investment Management Ltd cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 20.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,416 shares of the apparel and home fashions retailer's stock after selling 9,210 shares during the quarter. Plato Investment Management Ltd's holdings in TJX Companies were worth $4,360,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Clear Creek Financial Management LLC increased its holdings in shares of TJX Companies by 1.8% during the 1st quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer's stock worth $586,000 after purchasing an additional 83 shares during the period. Knuff & Co LLC increased its stake in TJX Companies by 8.5% during the first quarter. Knuff & Co LLC now owns 1,056 shares of the apparel and home fashions retailer's stock valued at $129,000 after acquiring an additional 83 shares during the period. Salem Investment Counselors Inc. raised its holdings in TJX Companies by 2.2% in the 1st quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer's stock valued at $485,000 after acquiring an additional 86 shares in the last quarter. Financial Network Wealth Advisors LLC lifted its position in shares of TJX Companies by 7.8% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 1,207 shares of the apparel and home fashions retailer's stock worth $147,000 after acquiring an additional 87 shares during the period. Finally, Amplius Wealth Advisors LLC lifted its position in shares of TJX Companies by 4.2% in the 1st quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer's stock worth $283,000 after acquiring an additional 93 shares during the period. Institutional investors own 91.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Wells Fargo & Company boosted their price objective on TJX Companies from $120.00 to $130.00 and gave the company an "equal weight" rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. boosted their price target on shares of TJX Companies from $145.00 to $148.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Cowen restated a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. Barclays lifted their target price on shares of TJX Companies from $147.00 to $155.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Finally, Daiwa America raised shares of TJX Companies to a "strong-buy" rating in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $147.58.

TJX Companies Stock Down 0.6%

TJX opened at $139.95 on Wednesday. The firm has a market cap of $155.76 billion, a price-to-earnings ratio of 31.88, a PEG ratio of 3.17 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 firm's 50-day simple moving average is $130.53 and its 200-day simple moving average is $126.65. The TJX Companies, Inc. has a twelve month low of $111.22 and a twelve month high of $145.58.

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 net margin of 8.59% and a return on equity of 58.63%. The firm had revenue of $14.40 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same period last year, the firm posted $0.96 EPS. The firm'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. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

About TJX Companies

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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