The TJX Companies, Inc. $TJX is Teca Partners LP's 6th Largest Position

Key Points

• Teca Partners LP increased its stake in TJX by 23.6% to 97,915 shares, making TJX its 6th largest position at roughly $14.15 million and about 8.9% of the fund's portfolio.
• TJX beat quarterly expectations (EPS $1.43 vs. $1.38 est.; revenue $17.74B vs. $17.36B), set FY2027 EPS guidance of 4.93–5.02, and carries a consensus Buy rating with an average price target of $167.55.
• Institutional ownership is high at 91.09%, while CEO Ernie Herrman sold 30,000 shares (~$4.83M), a 5.89% reduction in his stake; company insiders now own 0.13% of the stock.

Teca Partners LP raised its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 23.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,915 shares of the apparel and home fashions retailer's stock after acquiring an additional 18,686 shares during the period. TJX Companies accounts for approximately 8.9% of Teca Partners LP's portfolio, making the stock its 6th largest position. Teca Partners LP's holdings in TJX Companies were worth $14,153,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of TJX Companies in the 2nd quarter valued at about $1,808,774,000. Laurel Wealth Advisors LLC grew its stake in TJX Companies by 12,417.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,057,273 shares of the apparel and home fashions retailer's stock worth $501,033,000 after buying an additional 4,024,859 shares during the last quarter. Corient Private Wealth LLC increased its position in TJX Companies by 120.7% during the second quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer's stock worth $620,406,000 after buying an additional 2,743,676 shares during the period. ABN AMRO Bank N.V. acquired a new position in TJX Companies during the second quarter worth approximately $244,687,000. Finally, Mackenzie Financial Corp lifted its stake in TJX Companies by 81.2% in the third quarter. Mackenzie Financial Corp now owns 3,198,579 shares of the apparel and home fashions retailer's stock valued at $462,323,000 after buying an additional 1,433,801 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Stock Performance

Shares of TJX Companies stock traded down $0.04 during trading hours on Friday, hitting $155.75. 476,651 shares of the company were exchanged, compared to its average volume of 5,427,870. The TJX Companies, Inc. has a 1 year low of $112.30 and a 1 year high of $162.68. The company has a current ratio of 1.14, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average of $155.54 and a 200-day moving average of $149.14. The stock has a market capitalization of $172.95 billion, a price-to-earnings ratio of 31.91, a P/E/G ratio of 3.63 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. As a group, analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on TJX. Telsey Advisory Group increased their price objective on TJX Companies from $170.00 to $175.00 and gave the company an "outperform" rating in a report on Thursday, February 26th. The Goldman Sachs Group upped their price target on shares of TJX Companies from $163.00 to $170.00 and gave the company a "buy" rating in a research report on Thursday, November 20th. Sanford C. Bernstein reiterated an "outperform" rating and set a $170.00 price target on shares of TJX Companies in a research note on Tuesday, January 6th. Bank of America raised their price objective on shares of TJX Companies from $150.00 to $168.00 and gave the stock a "buy" rating in a research report on Thursday, November 20th. Finally, Argus upgraded shares of TJX Companies to a "strong-buy" rating in a research note on Tuesday, March 3rd. Three research analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $167.55.

Insider Activity 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. Company insiders own 0.13% of the company's stock.

TJX Companies Company Profile

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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