VELA Investment Management LLC Boosts Stake in The TJX Companies, Inc. $TJX

VELA Investment Management LLC lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 333.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 7,828 shares of the apparel and home fashions retailer’s stock after purchasing an additional 6,023 shares during the quarter. VELA Investment Management LLC’s holdings in TJX Companies were worth $1,186,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Corient Private Wealth LP grew its stake in TJX Companies by 8.4% during the 2nd quarter. Corient Private Wealth LP now owns 2,342,257 shares of the apparel and home fashions retailer’s stock valued at $354,852,000 after purchasing an additional 182,282 shares during the last quarter. Groupe la Francaise raised its stake in shares of TJX Companies by 28.6% in the second quarter. Groupe la Francaise now owns 176,608 shares of the apparel and home fashions retailer’s stock worth $26,764,000 after purchasing an additional 39,328 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of TJX Companies in the second quarter worth about $49,677,000. California State Teachers Retirement System lifted its holdings in shares of TJX Companies by 15,228.3% during the second quarter. California State Teachers Retirement System now owns 258,776,847 shares of the apparel and home fashions retailer’s stock worth $39,204,692,000 after purchasing an additional 257,088,620 shares during the period. Finally, Washington Trust Advisors Inc. lifted its holdings in shares of TJX Companies by 60.4% during the second quarter. Washington Trust Advisors Inc. now owns 316 shares of the apparel and home fashions retailer’s stock worth $48,000 after purchasing an additional 119 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on TJX. Wall Street Zen downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. BTIG Research restated a “buy” rating and set a $190.00 price objective on shares of TJX Companies in a research note on Thursday, August 20th. Robert W. Baird upped their price objective on shares of TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Guggenheim set a $152.00 price objective on shares of TJX Companies in a research note on Monday, August 31st. Finally, Truist Financial set a $190.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.63.

TJX Companies Stock Up 0.0%

TJX Companies stock opened at $132.09 on Tuesday. The firm has a market cap of $145.30 billion, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 2.38 and a beta of 0.60. The TJX Companies, Inc. has a 52 week low of $130.15 and a 52 week high of $170.00. The business’s 50-day moving average price is $149.63 and its 200 day moving average price is $155.17. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The company had revenue of $15.18 billion during the quarter, compared to analysts’ expectations of $15.16 billion. During the same period last year, the business earned $1.10 earnings per share. TJX Companies’s quarterly revenue was up 5.4% on a year-over-year basis. 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 year.

Insider Activity at TJX Companies

In other news, Director Jackwyn Nemerov sold 957 shares of TJX Companies stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $168.59, for a total transaction of $161,340.63. Following the completion of the transaction, the director directly owned 802 shares of the company’s stock, valued at $135,209.18. The trade was a 54.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.15% of the stock is owned by insiders.

TJX Companies 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.