Waverly Advisors LLC Trims Stake in The TJX Companies, Inc. $TJX

Waverly Advisors LLC cut its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 6.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 65,783 shares of the apparel and home fashions retailer’s stock after selling 4,869 shares during the period. Waverly Advisors LLC’s holdings in TJX Companies were worth $9,966,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in TJX. Bank OZK lifted its stake in TJX Companies by 47.6% in the second quarter. Bank OZK now owns 31,339 shares of the apparel and home fashions retailer’s stock worth $4,748,000 after acquiring an additional 10,103 shares during the period. Empirical Finance LLC increased its position in TJX Companies by 3.4% during the 2nd quarter. Empirical Finance LLC now owns 40,009 shares of the apparel and home fashions retailer’s stock valued at $6,061,000 after purchasing an additional 1,300 shares during the period. Nykredit A S bought a new stake in shares of TJX Companies in the 2nd quarter valued at about $75,967,000. VELA Investment Management LLC raised its holdings in shares of TJX Companies by 333.7% in the 2nd quarter. VELA Investment Management LLC now owns 7,828 shares of the apparel and home fashions retailer’s stock valued at $1,186,000 after purchasing an additional 6,023 shares in the last quarter. Finally, Corient Private Wealth LP lifted its position in shares of TJX Companies by 8.4% in the 2nd quarter. Corient Private Wealth LP now owns 2,342,257 shares of the apparel and home fashions retailer’s stock worth $354,852,000 after purchasing an additional 182,282 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Price Performance

NYSE TJX opened at $126.05 on Thursday. The firm’s fifty day simple moving average is $148.67 and its two-hundred day simple moving average is $154.75. The company has a current ratio of 1.15, a quick ratio of 0.56 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a 12-month low of $125.81 and a 12-month high of $170.00. The firm has a market capitalization of $138.65 billion, a P/E ratio of 23.30, a P/E/G ratio of 2.32 and a beta of 0.60.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating the consensus estimate of $1.19 by $0.03. The firm had revenue of $15.18 billion during the quarter, compared to analyst estimates of $15.16 billion. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.10 EPS. 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. Analysts forecast that The TJX Companies, Inc. will post 5.22 EPS for the current fiscal year.

Analysts Set New Price Targets

TJX has been the topic of several research reports. Robert W. Baird lifted 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. Wall Street Zen lowered TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $175.00 target price on shares of TJX Companies in a research report on Tuesday, August 25th. Wells Fargo & Company cut their price target on TJX Companies from $160.00 to $140.00 and set an “equal weight” rating on the stock in a report on Thursday, August 20th. Finally, Guggenheim set a $152.00 price objective on TJX Companies in a research note on Monday, August 31st. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $171.63.

About TJX Companies

The TJX Companies, Inc is an off-price retailer specializing in apparel and home fashions. The company sells brand-name, designer and other merchandise at prices generally below those of full-price retailers. Its product assortment includes women’s, men’s and children’s clothing, footwear, accessories, beauty products, home furnishings, decor and other household goods.

TJX operates through a portfolio of retail banners, including T.J. Maxx, Marshalls, HomeGoods, Sierra and Homesense in the United States; Winners, HomeSense and Marshalls in Canada; and TK Maxx and Homesense in Europe and Australia.