Billionaire James Dinan is Selling These 5 Stocks

4. The TJX Companies, Inc. (NYSE:TJX)

Number of Hedge Fund Holders: 63

The TJX Companies, Inc. (NYSE:TJX) is an American discount-retail departmental store corporation based in Massachusetts. York Capital Management held 60,803 shares in the company in the second quarter that were sold in the following quarter. The revenue of The TJX Companies, Inc. (NYSE:TJX) in Q3’21 was $12.53 billion, beating analyst estimates by $262 million.

On December 15, Truist analyst Beth Reed initiated coverage of The TJX Companies, Inc. (NYSE:TJX) with a ‘Buy’ rating and a price target of $92. The analyst sees The TJX Companies, Inc. (NYSE:TJX) as “the biggest player in one of the most attractive sectors in retail,” and opines that it is “well-positioned to benefit from secular tailwinds behind the off-price channel and a 30%+ store expansion opportunity.”