Confluence Investment Management LLC Grows Stake in The TJX Companies, Inc. (NYSE:TJX)

Confluence Investment Management LLC raised its stake in The TJX Companies, Inc. (NYSE:TJXGet Rating) by 0.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,070,100 shares of the apparel and home fashions retailer’s stock after purchasing an additional 6,729 shares during the quarter. Confluence Investment Management LLC’s holdings in TJX Companies were worth $59,765,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Private Capital Group LLC raised its position in TJX Companies by 5.6% in the first quarter. Private Capital Group LLC now owns 2,829 shares of the apparel and home fashions retailer’s stock valued at $171,000 after purchasing an additional 150 shares during the period. CWM LLC increased its position in shares of TJX Companies by 1.1% during the first quarter. CWM LLC now owns 14,480 shares of the apparel and home fashions retailer’s stock worth $877,000 after acquiring an additional 158 shares during the last quarter. Wealthcare Advisory Partners LLC increased its position in shares of TJX Companies by 0.6% during the first quarter. Wealthcare Advisory Partners LLC now owns 26,903 shares of the apparel and home fashions retailer’s stock worth $1,630,000 after acquiring an additional 160 shares during the last quarter. Dixon Hughes Goodman Wealth Advisors LLC increased its position in shares of TJX Companies by 32.6% during the first quarter. Dixon Hughes Goodman Wealth Advisors LLC now owns 663 shares of the apparel and home fashions retailer’s stock worth $40,000 after acquiring an additional 163 shares during the last quarter. Finally, Bowman & Co S.C. increased its position in shares of TJX Companies by 2.4% during the first quarter. Bowman & Co S.C. now owns 7,270 shares of the apparel and home fashions retailer’s stock worth $440,000 after acquiring an additional 167 shares during the last quarter. 90.42% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Louise Greenlees sold 8,822 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $68.00, for a total transaction of $599,896.00. Following the sale, the executive vice president now owns 58,335 shares of the company’s stock, valued at $3,966,780. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Ernie Herrman sold 50,282 shares of the business’s stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $65.90, for a total transaction of $3,313,583.80. Following the sale, the chief executive officer now owns 696,439 shares of the company’s stock, valued at $45,895,330.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Louise Greenlees sold 8,822 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $68.00, for a total value of $599,896.00. Following the sale, the executive vice president now directly owns 58,335 shares in the company, valued at approximately $3,966,780. The disclosure for this sale can be found here. Insiders have sold a total of 146,375 shares of company stock valued at $9,821,034 over the last quarter. Corporate insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Gordon Haskett lowered TJX Companies from a “buy” rating to a “hold” rating and dropped their target price for the stock from $67.00 to $60.00 in a research report on Thursday, July 28th. Barclays lifted their target price on TJX Companies from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Friday, August 19th. Morgan Stanley lifted their target price on TJX Companies from $75.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, August 18th. Robert W. Baird boosted their price objective on TJX Companies from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, August 18th. Finally, William Blair reissued an “outperform” rating on shares of TJX Companies in a report on Wednesday, August 17th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and an average price target of $74.94.

TJX Companies Stock Performance

Shares of NYSE TJX opened at $64.66 on Monday. The company has a current ratio of 1.17, a quick ratio of 0.47 and a debt-to-equity ratio of 0.53. The stock has a 50 day simple moving average of $63.42 and a 200-day simple moving average of $61.61. The company has a market cap of $75.07 billion, a PE ratio of 23.09, a P/E/G ratio of 1.98 and a beta of 0.90. The TJX Companies, Inc. has a 12-month low of $53.69 and a 12-month high of $77.35.

TJX Companies (NYSE:TJXGet Rating) last issued its quarterly earnings data on Wednesday, August 17th. The apparel and home fashions retailer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.02. The business had revenue of $11.84 billion during the quarter, compared to the consensus estimate of $12.05 billion. TJX Companies had a return on equity of 61.19% and a net margin of 6.77%. The business’s revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.79 earnings per share. On average, equities research analysts forecast that The TJX Companies, Inc. will post 3.11 EPS for the current year.

TJX Companies Company Profile

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The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry and accessories; and other merchandise.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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