Shellback Capital LP Has $4.80 Million Stock Position in The TJX Companies, Inc. $TJX

Key Points

• Shellback Capital LP reduced its stake in The TJX Companies by 38.8%, selling 25,000 shares, resulting in ownership of 39,419 shares valued at approximately $4.8 million.
• Analysts are optimistic about TJX Companies, with twenty-one buy ratings and an average price target of $147.58, following various target increases from major firms.
• TJX reported a better-than-expected quarterly earnings of $1.10 per share, surpassing estimates and marking a 6.9% increase in year-over-year revenue to $14.4 billion.

Shellback Capital LP lowered its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 38.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,419 shares of the apparel and home fashions retailer's stock after selling 25,000 shares during the quarter. Shellback Capital LP's holdings in TJX Companies were worth $4,801,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of TJX. Nuveen LLC acquired a new position in TJX Companies during the 1st quarter worth approximately $1,330,717,000. GAMMA Investing LLC grew its stake in shares of TJX Companies by 14,486.1% during the 1st quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock worth $354,696,000 after acquiring an additional 2,892,151 shares in the last quarter. Royal Bank of Canada grew its stake in shares of TJX Companies by 12.9% during the 4th quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer's stock worth $1,486,074,000 after acquiring an additional 1,403,561 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of TJX Companies by 65.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,282,351 shares of the apparel and home fashions retailer's stock worth $399,790,000 after acquiring an additional 1,302,845 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of TJX Companies during the 4th quarter worth approximately $136,753,000. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Price Performance

Shares of TJX Companies stock traded down $0.89 during trading on Tuesday, reaching $139.95. 3,451,632 shares of the company's stock were exchanged, compared to its average volume of 5,414,171. 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 TJX Companies, Inc. has a 1-year low of $111.22 and a 1-year high of $145.58. The company has a market cap of $155.76 billion, a P/E ratio of 31.88, a PEG ratio of 3.17 and a beta of 0.90. The firm's 50-day moving average price is $130.53 and its 200 day moving average price is $126.65.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $14.12 billion. During the same quarter in the previous year, the firm earned $0.96 EPS. TJX Companies's 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. As a group, research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TJX shares. Evercore ISI raised their price target on shares of TJX Companies from $150.00 to $162.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. UBS Group boosted their price target on TJX Companies from $164.00 to $172.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Cowen reiterated a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. Citigroup lifted their target price on TJX Companies from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Finally, Sanford C. Bernstein lifted their target price on TJX Companies from $145.00 to $152.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $147.58.

TJX Companies Profile

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.