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Alan M. Bennett, a director at TJX Companies Inc. (NYSE:TJX), a prominent player in the specialty retail industry with a market capitalization of $140 billion, has sold 8,000 shares of the company’s common stock, according to a recent SEC filing. Based on InvestingPro analysis, the stock is currently trading near its 52-week high of $128. The shares were sold at a weighted average price of $123.5318, resulting in a total transaction value of approximately $988,254. Following this transaction, Bennett no longer holds any shares directly in TJX Companies. The sale took place on February 27, 2025, with prices ranging from $123.521 to $123.538 per share. TJX Companies maintains strong financial health with a "GOOD" overall score from InvestingPro, which offers comprehensive analysis including 12 additional key insights about the company’s performance and prospects.
In other recent news, Ross Stores (NASDAQ:ROST), Inc. has provided guidance for the fourth quarter of fiscal year 2024, forecasting same-store sales growth of 2% to 3%. This projection follows a strong 7% growth in the same quarter the previous year. Analysts at TD Cowen have adjusted their estimates in line with Ross Stores’ guidance, predicting a 2.0% increase in same-store sales, slightly below the consensus estimate of 2.7%. Additionally, TD Cowen has reduced the price target for Ross Stores to $175 from $180, maintaining a Buy rating, reflecting a conservative stance amid market conditions.
Meanwhile, The TJX Companies, Inc. reported a notable performance in its fourth-quarter 2025 earnings, surpassing analyst expectations with an earnings per share (EPS) of $1.23, compared to the forecasted $1.16. The company’s revenue also exceeded estimates, reaching $16.35 billion against an anticipated $16.19 billion. Following this announcement, BMO Capital Markets raised its price target for TJX Companies to $145, maintaining an Outperform rating, while TD Cowen adjusted its target to $137, reiterating a Buy rating. Both firms acknowledged TJX’s strong business model and potential for future growth.
Furthermore, TJX Companies plans to open 130 new stores in fiscal 2026 and has set a projected EPS range of $4.34 to $4.43 for the year. Despite conservative guidance for the upcoming fiscal year, analysts see opportunities for TJX to continue its market expansion and enhance its customer base.
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