The TJX Companies, Inc. $TJX Stock Position Trimmed by USS Investment Management Ltd

Key Points

• USS Investment Management Ltd reduced its stake in TJX Companies by 19.7%, selling 47,839 shares, bringing its total holdings to 195,365 shares valued at approximately $23.79 million.
• TJX reported earnings per share of $1.10, exceeding analysts' expectation of $1.01, with quarterly revenues up 6.9% year-over-year at $14.40 billion.
• Analysts have generally upgraded their ratings for TJX Companies, with multiple firms increasing their target prices, reflecting a positive outlook for the stock.

USS Investment Management Ltd lessened its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 19.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 195,365 shares of the apparel and home fashions retailer's stock after selling 47,839 shares during the period. USS Investment Management Ltd's holdings in TJX Companies were worth $23,788,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. TCTC Holdings LLC raised its stake in shares of TJX Companies by 210.1% in the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock valued at $26,000 after acquiring an additional 145 shares during the period. Atlantic Edge Private Wealth Management LLC raised its stake in shares of TJX Companies by 58.8% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock valued at $36,000 after acquiring an additional 110 shares during the period. Iron Horse Wealth Management LLC raised its stake in shares of TJX Companies by 99.3% in the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock valued at $36,000 after acquiring an additional 149 shares during the period. Inlight Wealth Management LLC purchased a new position in shares of TJX Companies in the 1st quarter valued at $37,000. Finally, Activest Wealth Management raised its stake in shares of TJX Companies by 4,485.7% in the 1st quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer's stock valued at $39,000 after acquiring an additional 314 shares during the period. Hedge funds and other institutional investors own 91.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TJX shares. Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Saturday, August 23rd. Wells Fargo & Company raised their price target on shares of TJX Companies from $120.00 to $130.00 and gave the company an "equal weight" rating in a report on Thursday, August 21st. Cowen reaffirmed a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. Loop Capital set a $150.00 price target on shares of TJX Companies and gave the company a "buy" rating in a report on Thursday, May 22nd. Finally, Bank of America raised their price target on shares of TJX Companies from $145.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $147.58.

TJX Companies Stock Performance

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

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, beating the consensus estimate of $1.01 by $0.09. The business had revenue of $14.40 billion during the quarter, compared to analyst estimates of $14.12 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The company's quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.96 EPS. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. On average, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Company 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.