Vestcor Inc Raises Stock Position in The TJX Companies, Inc. $TJX

Key Points

• Vestcor Inc raised its stake in The TJX Companies by 33.8%, acquiring 8,369 more shares to hold 33,110 shares valued at about $4.79 million as of the latest SEC filing.
• CEO Ernie Herrman sold 30,000 shares at an average price of $160.95 (≈$4.83M), cutting his ownership by 5.89%; corporate insiders now hold just 0.13% of the stock.
• TJX beat quarterly estimates with $1.43 EPS and $17.74B revenue, issued FY2027 EPS guidance of 4.930–5.020, and retains an overall "Buy" analyst consensus with an average price target of $167.55.

Vestcor Inc increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 33.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,110 shares of the apparel and home fashions retailer's stock after purchasing an additional 8,369 shares during the period. Vestcor Inc's holdings in TJX Companies were worth $4,786,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in TJX Companies by 113.7% in the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock valued at $1,817,000 after purchasing an additional 8,002 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of TJX Companies by 12.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock worth $262,000 after buying an additional 235 shares during the period. Bison Wealth LLC boosted its position in shares of TJX Companies by 32.9% in the fourth quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer's stock worth $466,000 after buying an additional 955 shares during the period. United Bank grew its stake in shares of TJX Companies by 7.6% in the second quarter. United Bank now owns 16,298 shares of the apparel and home fashions retailer's stock valued at $2,013,000 after buying an additional 1,155 shares in the last quarter. Finally, Schnieders Capital Management LLC. acquired a new stake in shares of TJX Companies in the second quarter valued at about $244,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TJX has been the topic of several recent research reports. Barclays boosted their price target on TJX Companies from $172.00 to $183.00 and gave the stock an "overweight" rating in a research report on Thursday, February 26th. Wall Street Zen downgraded shares of TJX Companies from a "buy" rating to a "hold" rating in a research report on Saturday, February 28th. Evercore boosted their target price on shares of TJX Companies from $162.00 to $165.00 and gave the stock an "outperform" rating in a research report on Thursday, November 20th. Telsey Advisory Group upped their target price on shares of TJX Companies from $170.00 to $175.00 and gave the company an "outperform" rating in a research note on Thursday, February 26th. Finally, Argus raised shares of TJX Companies to a "strong-buy" rating in a report on Tuesday, March 3rd. Three research analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $167.55.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 30,000 shares of the company's stock in a transaction on 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 directly owned 479,316 shares of the company's stock, valued at $77,145,910.20. This represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.13% of the stock is owned by corporate insiders.

TJX Companies Price Performance

Shares of NYSE TJX opened at $158.06 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a fifty-two week low of $112.10 and a fifty-two week high of $162.68. The business has a 50 day moving average price of $155.33 and a two-hundred day moving average price of $148.87. The firm has a market cap of $175.52 billion, a PE ratio of 32.39, a price-to-earnings-growth ratio of 3.67 and a beta of 0.73.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS for the quarter, beating the consensus estimate of $1.38 by $0.05. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The company had revenue of $17.74 billion during the quarter, compared to analysts' expectations of $17.36 billion. During the same period in the prior year, the business posted $1.23 EPS. The business's revenue was up 8.5% on a year-over-year basis. 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. Sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

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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