American Trust cut its stake in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 0.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 93,250 shares of the apparel and home fashions retailer’s stock after selling 670 shares during the period. American Trust’s holdings in TJX Companies were worth $7,307,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Abacus Wealth Partners LLC bought a new stake in shares of TJX Companies during the 1st quarter valued at about $274,000. SkyView Investment Advisors LLC bought a new stake in TJX Companies during the first quarter valued at approximately $1,147,000. Border to Coast Pensions Partnership Ltd grew its position in TJX Companies by 13.8% during the first quarter. Border to Coast Pensions Partnership Ltd now owns 393,640 shares of the apparel and home fashions retailer’s stock valued at $30,846,000 after buying an additional 47,661 shares during the period. Centaurus Financial Inc. increased its holdings in TJX Companies by 22.8% during the first quarter. Centaurus Financial Inc. now owns 1,812 shares of the apparel and home fashions retailer’s stock valued at $142,000 after buying an additional 337 shares during the last quarter. Finally, Advisory Services Network LLC raised its position in TJX Companies by 3.8% in the first quarter. Advisory Services Network LLC now owns 79,812 shares of the apparel and home fashions retailer’s stock worth $6,254,000 after acquiring an additional 2,896 shares during the period. 89.28% of the stock is owned by institutional investors.
Analyst Ratings Changes
TJX has been the subject of a number of recent research reports. StockNews.com started coverage on shares of TJX Companies in a research report on Thursday, August 17th. They set a “buy” rating for the company. Barclays upped their price target on TJX Companies from $95.00 to $101.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 15th. Wells Fargo & Company lifted their price objective on TJX Companies from $88.00 to $92.00 and gave the company an “equal weight” rating in a research report on Monday. Citigroup increased their target price on shares of TJX Companies from $90.00 to $103.00 and gave the stock a “buy” rating in a report on Thursday, August 17th. Finally, Morgan Stanley lifted their price target on shares of TJX Companies from $93.00 to $99.00 and gave the company an “overweight” rating in a report on Thursday, August 17th. Three research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and a consensus price target of $95.42.
TJX Companies Trading Up 0.7 %
Shares of TJX stock opened at $92.19 on Wednesday. The stock’s 50-day moving average price is $87.64 and its 200-day moving average price is $81.52. The TJX Companies, Inc. has a 12-month low of $59.78 and a 12-month high of $92.87. The stock has a market capitalization of $105.47 billion, a price-to-earnings ratio of 27.04, a price-to-earnings-growth ratio of 2.21 and a beta of 0.89. The company has a current ratio of 1.20, a quick ratio of 0.56 and a debt-to-equity ratio of 0.43.
TJX Companies (NYSE:TJX – Get Free Report) last released its quarterly earnings data on Wednesday, August 16th. The apparel and home fashions retailer reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.08. The business had revenue of $12.76 billion for the quarter, compared to the consensus estimate of $12.45 billion. TJX Companies had a return on equity of 62.61% and a net margin of 7.77%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS. Equities research analysts predict that The TJX Companies, Inc. will post 3.71 EPS for the current fiscal year.
Insider Activity at TJX Companies
In other TJX Companies news, EVP Kenneth Canestrari sold 4,197 shares of TJX Companies stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $90.00, for a total value of $377,730.00. Following the completion of the transaction, the executive vice president now directly owns 115,223 shares of the company’s stock, valued at approximately $10,370,070. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Chairman Carol Meyrowitz sold 64,817 shares of the stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $91.13, for a total transaction of $5,906,773.21. Following the sale, the chairman now owns 135,050 shares in the company, valued at approximately $12,307,106.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kenneth Canestrari sold 4,197 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $90.00, for a total value of $377,730.00. Following the completion of the sale, the executive vice president now owns 115,223 shares of the company’s stock, valued at $10,370,070. The disclosure for this sale can be found here. Insiders have sold a total of 114,014 shares of company stock valued at $10,291,303 over the last 90 days. 0.13% of the stock is owned by corporate insiders.
TJX Companies Profile
The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. 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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