SVB Wealth LLC Sells 28,638 Shares of The TJX Companies, Inc. $TJX

Key Points

• SVB Wealth LLC cut its TJX Companies position by 58.2% in the second quarter, selling 28,638 shares and retaining 20,582 shares valued at approximately $3.12 million.
• TJX shares opened at $128.66, near their 52-week low of $128.37 and down 2.6%, despite the company exceeding quarterly earnings and revenue estimates and reporting 5.4% year-over-year revenue growth.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $171.63; institutional investors own 91.09% of the stock.

SVB Wealth LLC decreased its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 58.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 20,582 shares of the apparel and home fashions retailer's stock after selling 28,638 shares during the period. SVB Wealth LLC's holdings in TJX Companies were worth $3,118,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna grew its holdings in TJX Companies by 120.3% in the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer's stock worth $25,000 after acquiring an additional 89 shares during the last quarter. Entrust Financial LLC purchased a new stake in shares of TJX Companies during the fourth quarter worth about $26,000. Wilkerson Advisory Group LLC bought a new stake in shares of TJX Companies in the fourth quarter worth about $26,000. IMG Wealth Management Inc. grew its stake in shares of TJX Companies by 65.7% in the fourth quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer's stock worth $27,000 after purchasing an additional 69 shares during the last quarter. Finally, Cetera Trust Company N.A purchased a new position in TJX Companies during the 2nd quarter valued at about $27,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Down 2.6%

Shares of TJX Companies stock opened at $128.66 on Wednesday. The TJX Companies, Inc. has a 1 year low of $128.37 and a 1 year high of $170.00. The firm has a market cap of $141.53 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 2.38 and a beta of 0.60. The company has a 50-day moving average of $149.18 and a 200 day moving average of $154.97. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.15 and a quick ratio of 0.56.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping the consensus estimate of $1.19 by $0.03. The business had revenue of $15.18 billion for the quarter, compared to analyst estimates of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. TJX Companies's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.10 earnings per share. TJX Companies has set its FY 2027 guidance at 5.150-5.200 EPS and its Q3 2027 guidance at 1.360-1.380 EPS. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 5.22 earnings per share for the current fiscal year.

Insider Activity at TJX Companies

In related news, Director Jackwyn Nemerov sold 957 shares of the company's stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $168.59, for a total value of $161,340.63. Following the sale, the director owned 802 shares in the company, valued at $135,209.18. This represents a 54.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.15% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

TJX has been the subject of several research analyst reports. Weiss Ratings cut TJX Companies from a "buy (b+)" rating to a "buy (b)" rating in a report on Tuesday, July 21st. Morgan Stanley set a $178.00 target price on TJX Companies and gave the company an "overweight" rating in a report on Thursday, August 20th. Telsey Advisory Group lifted their price target on shares of TJX Companies from $175.00 to $185.00 and gave the company an "outperform" rating in a report on Thursday, May 21st. BTIG Research reissued a "buy" rating and set a $190.00 price objective on shares of TJX Companies in a research report on Thursday, August 20th. Finally, Barclays set a $188.00 price objective on shares of TJX Companies and gave the stock an "overweight" rating in a report on Thursday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $171.63.

TJX Companies Profile

The TJX Companies, Inc is an off-price retailer specializing in apparel and home fashions. The company sells brand-name, designer and other merchandise at prices generally below those of full-price retailers. Its product assortment includes women's, men's and children's clothing, footwear, accessories, beauty products, home furnishings, decor and other household goods.

TJX operates through a portfolio of retail banners, including T.J. Maxx, Marshalls, HomeGoods, Sierra and Homesense in the United States; Winners, HomeSense and Marshalls in Canada; and TK Maxx and Homesense in Europe and Australia.

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