Wealth Enhancement Advisory Services LLC Has $207.60 Million Stake in The TJX Companies, Inc. $TJX
by Jessica Moore · The Cerbat GemWealth Enhancement Advisory Services LLC lifted its stake in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 44.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,348,726 shares of the apparel and home fashions retailer’s stock after buying an additional 415,478 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in TJX Companies were worth $207,601,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Lavaca Capital LLC bought a new stake in shares of TJX Companies during the 2nd quarter valued at $25,000. Dogwood Wealth Management LLC increased its position in shares of TJX Companies by 102.2% in the third quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer’s stock worth $26,000 after purchasing an additional 92 shares during the period. GGM Financials LLC bought a new position in shares of TJX Companies in the third quarter worth $27,000. Imprint Wealth LLC bought a new position in shares of TJX Companies in the third quarter worth $27,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in TJX Companies in the third quarter valued at about $28,000. Institutional investors and hedge funds own 91.09% of the company’s stock.
TJX Companies Stock Up 0.2%
TJX stock opened at $154.99 on Friday. The firm has a 50-day moving average price of $155.49 and a 200-day moving average price of $149.98. The TJX Companies, Inc. has a 12 month low of $113.98 and a 12 month 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 stock has a market capitalization of $172.11 billion, a P/E ratio of 31.76, a price-to-earnings-growth ratio of 3.56 and a beta of 0.73.
TJX Companies (NYSE:TJX – Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.05. The company 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%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same period in the previous 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, equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.
Insider Buying and Selling at TJX Companies
In other 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 transaction of $4,828,500.00. Following the completion of the transaction, the chief executive officer directly owned 479,316 shares in the company, valued at approximately $77,145,910.20. This represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on TJX shares. BTIG Research reiterated a “buy” rating and set a $185.00 price objective (up from $165.00) on shares of TJX Companies in a research note on Thursday, February 26th. Deutsche Bank Aktiengesellschaft set a $184.00 target price on shares of TJX Companies in a research report on Thursday, January 8th. Wells Fargo & Company reiterated a “positive” rating and set a $150.00 price target (up from $145.00) on shares of TJX Companies in a research report on Tuesday, December 16th. Telsey Advisory Group lifted their price objective 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, Guggenheim upgraded shares of TJX Companies to a “strong-buy” rating in a research report on Wednesday, December 10th. Three analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $167.55.
About TJX Companies
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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