Stocks

Fox Run Management L.L.C. Increases Stake in The TJX Companies, Inc. (NYSE:TJX)

Published March 23, 2025

Fox Run Management L.L.C. has significantly boosted its stock holdings in The TJX Companies, Inc. (NYSE:TJX) by 117.9% during the fourth quarter, as revealed in its latest Form 13F filing with the SEC. After acquiring an additional 5,650 shares during this period, the fund now holds a total of 10,441 shares from the apparel and home fashions retailer. As of the end of the most recent quarter, the value of Fox Run Management's investment in TJX Companies stood at approximately $1,261,000.

Interest from Other Hedge Funds

Recently, several other hedge funds have also made moves regarding their shares in TJX Companies. For instance, Howard Capital Management Group LLC raised its position by 42.9% in the third quarter, now owning 231,481 shares worth $27,208,000 after adding 69,489 shares. Meanwhile, Thrivent Financial for Lutherans grew its stake by 2.9%, now holding 114,416 shares valued at $13,448,000, after purchasing an extra 3,258 shares. King Luther Capital Management Corp increased its holdings by 12.3%, with a total of 46,903 shares worth $5,513,000 following a purchase of 5,132 shares. Furthermore, Intech Investment Management LLC lifted its position by 16.6%, owning 45,386 shares valued at $5,335,000 after buying 6,477 shares in the last quarter. Lastly, LPL Financial LLC raised its stake by 3.9%, with total holdings of 875,211 shares worth $102,872,000 following an additional purchase of 32,806 shares. Overall, hedge funds and institutional investors control around 91.09% of the company’s stock.

Analysts Offer New Price Targets

Recent assessments from equity research analysts have resulted in various revised price targets for TJX Companies. Guggenheim raised their target price from $135.00 to $140.00, assigning a "buy" rating on December 5th. Telsey Advisory Group reaffirmed an "outperform" rating and set a price objective of $145.00 on February 27th. UBS Group increased their target from $148.00 to $151.00, also giving a "buy" rating on January 10th. Similarly, Barclays adjusted their price target from $136.00 to $137.00 with an "overweight" rating as noted on February 27th. Additionally, Jefferies Financial Group raised their price objective from $140.00 to $145.00 while maintaining a "buy" rating on December 5th. Currently, three analysts have rated the stock as a hold, while fifteen have issued buy ratings. MarketBeat.com indicates an average rating of "Moderate Buy" with a mean price target of $135.06.

TJX Companies Performance Update

The stock for TJX opened at $116.09 recently, showing a minor decrease of 0.1%. The company possesses a current ratio of 1.19, a quick ratio of 0.50, and a debt-to-equity ratio of 0.35. With a market capitalization of $130.51 billion, TJX has a price-to-earnings ratio of 27.32 and a PEG ratio of 2.75. Over the past year, the company's stock has fluctuated, with a low of $92.35 and a high of $128.00. Currently, the fifty-day moving average price sits at $121.69 alongside a 200-day average of $120.12.

Recent Earnings Report

TJX Companies released its latest quarterly earnings results on February 26th. The company reported earnings of $1.23 per share, surpassing analyst expectations of $1.16 by $0.07. With a net margin of 8.63% and a return on equity of 61.82%, the business reported revenue of $16.35 billion for the quarter, which exceeded analyst predictions of $16.24 billion. Analysts predict that TJX Companies is set to post earnings of 4.18 per share for the ongoing fiscal year.

Insider Transactions at TJX Companies

In related news, Director Alan M. Bennett sold 8,000 shares of the company on February 27th, at an average price of $123.53, totaling $988,240.00. This transaction was documented in a filing with the Securities and Exchange Commission. Furthermore, CEO Ernie Herrman sold 23,428 shares on March 5th at an average price of $123.03, bringing in a total of $2,882,346.84. Post-sale, he retains 484,189 shares valued around $59.57 million, which represents a 4.62% reduction in his ownership. Insiders currently hold 0.13% of the stock.

Company Overview

The TJX Companies, Inc. operates as an off-price apparel and home fashions retailer across the United States, Canada, Europe, and Australia. Its operations span four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company specializes in selling family apparel, footwear, accessories, home fashions, jewelry, and a range of other merchandise.