Procyon Advisors LLC Sells 3,519 Shares of The TJX Companies, Inc. $TJX

Key Points

• Procyon Advisors LLC reduced its stake in The TJX Companies, Inc. by 8.0%, selling 3,519 shares to hold a total of 40,290 shares worth approximately $4.98 million.
• Several institutional investors, including Pinnacle Financial Partners and State of Alaska Department of Revenue, have increased their holdings in TJX Companies, indicating strong institutional interest.
• Analysts have generally upgraded TJX's price targets, with Citigroup raising theirs from $140.00 to $160.00, reflecting a positive outlook for the company's stock performance.

Procyon Advisors LLC cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 8.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,290 shares of the apparel and home fashions retailer's stock after selling 3,519 shares during the period. Procyon Advisors LLC's holdings in TJX Companies were worth $4,975,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pinnacle Financial Partners Inc lifted its holdings in shares of TJX Companies by 2.2% in the first quarter. Pinnacle Financial Partners Inc now owns 387,342 shares of the apparel and home fashions retailer's stock valued at $46,989,000 after purchasing an additional 8,319 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of TJX Companies by 1.7% in the first quarter. State of Alaska Department of Revenue now owns 181,712 shares of the apparel and home fashions retailer's stock valued at $22,132,000 after purchasing an additional 3,125 shares in the last quarter. FCG Investment Co bought a new stake in shares of TJX Companies in the first quarter valued at about $2,620,000. Mainstream Capital Management LLC lifted its holdings in shares of TJX Companies by 4.3% in the first quarter. Mainstream Capital Management LLC now owns 12,450 shares of the apparel and home fashions retailer's stock valued at $1,516,000 after purchasing an additional 515 shares in the last quarter. Finally, Parr Mcknight Wealth Management Group LLC lifted its holdings in shares of TJX Companies by 12.6% in the first quarter. Parr Mcknight Wealth Management Group LLC now owns 40,840 shares of the apparel and home fashions retailer's stock valued at $4,974,000 after purchasing an additional 4,579 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TJX shares. Citigroup boosted their price target on TJX Companies from $140.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, August 21st. TD Securities boosted their price target on TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Evercore ISI upped their target price on TJX Companies from $150.00 to $162.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Bank of America upped their target price on TJX Companies from $145.00 to $150.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $155.00 target price (up previously from $150.00) on shares of TJX Companies in a report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $147.58.

TJX Companies Price Performance

TJX Companies stock opened at $139.52 on Wednesday. The TJX Companies, Inc. has a 12 month low of $111.22 and a 12 month high of $145.58. The stock's 50 day moving average is $131.99 and its 200-day moving average is $127.23. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $155.28 billion, a price-to-earnings ratio of 31.78, a PEG ratio of 3.18 and a beta of 0.90.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 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 company had revenue of $14.40 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter in the prior year, the business earned $0.96 earnings per share. The firm's revenue for the quarter 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 expect that The TJX Companies, Inc. will post 4.18 EPS for the current 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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