FourThought Financial LLC Trims Holdings in The TJX Companies, Inc. (NYSE:TJX)

FourThought Financial LLC reduced its holdings in shares of The TJX Companies, Inc. (NYSE:TJX – Get Rating) by 5.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 7,127 shares of the apparel and home fashions retailer’s stock after selling 446 shares during the period. FourThought Financial LLC’s holdings in TJX Companies were worth $443,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Grayhawk Investment Strategies Inc. bought a new position in TJX Companies during the second quarter worth $26,000. Householder Group Estate & Retirement Specialist LLC bought a new position in TJX Companies during the third quarter worth $27,000. Northern Oak Wealth Management Inc. bought a new position in TJX Companies during the second quarter worth $28,000. Coston McIsaac & Partners bought a new position in TJX Companies during the second quarter worth $31,000. Finally, CoreCap Advisors LLC bought a new position in TJX Companies during the second quarter worth $48,000. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Cowen raised their price objective on TJX Companies from $84.00 to $85.00 in a research note on Tuesday, December 6th. Credit Suisse Group raised their price target on TJX Companies from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday, February 23rd. Telsey Advisory Group reissued an “outperform” rating and set a $95.00 price target on shares of TJX Companies in a report on Thursday, February 23rd. StockNews.com began coverage on TJX Companies in a report on Thursday. They set a “buy” rating on the stock. Finally, Morgan Stanley raised their price target on TJX Companies from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, February 23rd. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and an average target price of $86.07.

TJX Companies Trading Up 0.6 %

NYSE:TJX opened at $74.60 on Friday. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 0.45. The TJX Companies, Inc. has a 1-year low of $53.69 and a 1-year high of $83.13. The firm has a market capitalization of $86.20 billion, a price-to-earnings ratio of 25.03, a price-to-earnings-growth ratio of 2.00 and a beta of 0.91. The stock has a fifty day simple moving average of $79.32 and a 200 day simple moving average of $74.20.

TJX Companies (NYSE:TJX – Get Rating) last released its quarterly earnings results on Wednesday, February 22nd. The apparel and home fashions retailer reported $0.89 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.89. TJX Companies had a return on equity of 63.68% and a net margin of 7.00%. The business had revenue of $14.52 billion during the quarter, compared to analyst estimates of $14.07 billion. During the same quarter last year, the company posted $0.78 EPS. TJX Companies’s revenue for the quarter was up 4.8% on a year-over-year basis. Sell-side analysts forecast that The TJX Companies, Inc. will post 3.51 earnings per share for the current year.

TJX Companies Company Profile

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The TJX Cos., Inc engages in the retail of off-price apparel and home fashion products. It operates through the following segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The Marmaxx segment sells family apparel including apparel, home fashions, and other merchandise. The HomeGoods segment offers an assortment of home fashions, including furniture, rugs, lighting, soft home, decorative accessories, tabletop and cookware as well as expanded pet, kids, and gourmet food departments.