SVB Wealth LLC Sells 28,638 Shares of The TJX Companies, Inc. $TJX

SVB Wealth LLC cut its position in The TJX Companies, Inc. (NYSE:TJX) by 58.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 20,582 shares of the apparel and home fashions retailer’s stock after selling 28,638 shares during the period. SVB Wealth LLC’s holdings in TJX Companies were worth $3,118,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. California State Teachers Retirement System lifted its position in TJX Companies by 15,228.3% in the 2nd quarter. California State Teachers Retirement System now owns 258,776,847 shares of the apparel and home fashions retailer’s stock valued at $39,204,692,000 after acquiring an additional 257,088,620 shares in the last quarter. BlackRock Inc. bought a new stake in shares of TJX Companies in the 2nd quarter worth $16,489,926,000. Bank of America Corp DE purchased a new position in shares of TJX Companies in the second quarter worth $3,511,553,000. Norges Bank purchased a new position in shares of TJX Companies in the fourth quarter worth $2,211,975,000. Finally, Bank of New York Mellon Corp bought a new position in shares of TJX Companies during the second quarter valued at $1,598,731,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Activity

In other news, Director Jackwyn Nemerov sold 957 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $168.59, for a total value of $161,340.63. Following the completion of the sale, the director directly owned 802 shares in the company, valued at $135,209.18. This represents a 54.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.15% of the stock is currently owned by insiders.

TJX Companies Price Performance

NYSE TJX opened at $128.66 on Wednesday. The company has a 50-day moving average price of $149.18 and a 200-day moving average price of $154.97. The TJX Companies, Inc. has a 52 week low of $128.37 and a 52 week high of $170.00. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $141.53 billion, a P/E ratio of 23.78, a PEG ratio of 2.38 and a beta of 0.60.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The business had revenue of $15.18 billion during the quarter, compared to analysts’ expectations of $15.16 billion. During the same period in the prior year, the company earned $1.10 earnings per share. The firm’s 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. Equities research analysts anticipate that The TJX Companies, Inc. will post 5.22 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on TJX shares. Wall Street Zen downgraded TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Guggenheim set a $152.00 target price on shares of TJX Companies in a research note on Monday, August 31st. Weiss Ratings downgraded shares of TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 21st. Sanford C. Bernstein reiterated an “outperform” rating and issued a $175.00 price target on shares of TJX Companies in a research note on Tuesday, August 25th. Finally, Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $182.00 to $154.00 in a research report on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $171.63.

TJX Companies Company Profile

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.