Texas Capital Bancshares Inc TX Trims Stake in The TJX Companies, Inc. $TJX

Key Points

• Texas Capital Bancshares cut its stake in The TJX Companies by 86.5% in Q3, selling 7,532 shares and leaving 1,172 shares valued at about $169,000.
• TJX beat quarterly estimates (EPS $1.43 vs. $1.38; revenue $17.74B vs. $17.36B) and set FY2027 guidance of $4.93–$5.02 EPS, while analysts' consensus remains a "Buy" with an average target near $167.55.
• CEO Ernie Herrman sold 30,000 shares on March 2 for roughly $4.83M, trimming his ownership by 5.89%; insiders now hold just 0.13% of the stock.

Texas Capital Bancshares Inc TX cut its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 86.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,172 shares of the apparel and home fashions retailer's stock after selling 7,532 shares during the quarter. Texas Capital Bancshares Inc TX's holdings in TJX Companies were worth $169,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Lavaca Capital LLC purchased a new stake in TJX Companies in the second quarter valued at approximately $25,000. Dogwood Wealth Management LLC boosted 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 acquiring an additional 92 shares during the period. GGM Financials LLC purchased a new position in shares of TJX Companies during the third quarter worth approximately $27,000. Howard Hughes Medical Institute purchased a new position in shares of TJX Companies during the second quarter worth approximately $30,000. Finally, Capital A Wealth Management LLC increased its holdings in shares of TJX Companies by 776.7% in the 2nd quarter. Capital A Wealth Management LLC now owns 263 shares of the apparel and home fashions retailer's stock valued at $32,000 after acquiring an additional 233 shares during the period. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Price Performance

TJX Companies stock opened at $155.40 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.59. The business has a 50 day simple moving average of $155.56 and a 200-day simple moving average of $149.28. The TJX Companies, Inc. has a 12 month low of $112.30 and a 12 month high of $162.68. The stock has a market capitalization of $172.56 billion, a PE ratio of 31.84, a price-to-earnings-growth ratio of 3.58 and a beta of 0.73.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates 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%. TJX Companies's quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the firm posted $1.23 EPS. 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. Equities analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Wall Street Zen downgraded shares of TJX Companies from a "buy" rating to a "hold" rating in a research report on Saturday, February 28th. Barclays raised their price objective on shares of TJX Companies from $172.00 to $183.00 and gave the stock an "overweight" rating in a research report on Thursday, February 26th. TD Cowen reaffirmed a "buy" rating on shares of TJX Companies in a report on Thursday, November 20th. Robert W. Baird set a $168.00 target price on shares of TJX Companies in a research note on Wednesday, December 17th. Finally, Telsey Advisory Group raised their price target on TJX Companies from $170.00 to $175.00 and gave the stock an "outperform" rating in a report on Thursday, February 26th. Three research analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company. Based on data from MarketBeat.com, TJX Companies currently has an average rating of "Buy" and an average price target of $167.55.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 30,000 shares of TJX Companies 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 owned 479,316 shares of the company's stock, valued at $77,145,910.20. The trade was a 5.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is currently owned by insiders.

About TJX Companies

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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