The TJX Companies, Inc. (NYSE:TJX) Position Decreased by Beese Fulmer Investment Management Inc.

Beese Fulmer Investment Management Inc. decreased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 121,556 shares of the apparel and home fashions retailer’s stock after selling 963 shares during the period. Beese Fulmer Investment Management Inc.’s holdings in TJX Companies were worth $10,307,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. J.W. Cole Advisors Inc. boosted its holdings in shares of TJX Companies by 2.6% in the first quarter. J.W. Cole Advisors Inc. now owns 6,809 shares of the apparel and home fashions retailer’s stock worth $534,000 after buying an additional 172 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of TJX Companies by 15.1% in the first quarter. Advisors Asset Management Inc. now owns 123,265 shares of the apparel and home fashions retailer’s stock worth $9,659,000 after buying an additional 16,162 shares during the period. Integrated Advisors Network LLC boosted its holdings in shares of TJX Companies by 3.7% in the first quarter. Integrated Advisors Network LLC now owns 5,656 shares of the apparel and home fashions retailer’s stock worth $443,000 after buying an additional 204 shares during the period. Martingale Asset Management L P acquired a new position in shares of TJX Companies in the first quarter worth about $223,000. Finally, Alpha Financial Partners LLC acquired a new position in shares of TJX Companies in the fourth quarter worth about $415,000. Institutional investors own 89.28% of the company’s stock.

Wall Street Analyst Weigh In

TJX has been the subject of several recent analyst reports. StockNews.com initiated coverage on shares of TJX Companies in a report on Thursday, August 17th. They issued a “buy” rating for the company. Piper Sandler initiated coverage on shares of TJX Companies in a report on Thursday, June 29th. They issued an “overweight” rating and a $110.00 target price for the company. Loop Capital raised their target price on shares of TJX Companies from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, September 6th. Morgan Stanley increased their price target on shares of TJX Companies from $93.00 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday, August 17th. Finally, JPMorgan Chase & Co. increased their price target on shares of TJX Companies from $104.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, August 17th. Three investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.42.

TJX Companies Stock Down 1.2 %

TJX traded down $1.15 during midday trading on Friday, hitting $92.44. 7,606,897 shares of the company’s stock traded hands, compared to its average volume of 4,782,368. The company has a market cap of $105.76 billion, a PE ratio of 27.11, a price-to-earnings-growth ratio of 2.26 and a beta of 0.89. The stock’s fifty day simple moving average is $88.20 and its 200-day simple moving average is $81.82. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.20 and a quick ratio of 0.56. The TJX Companies, Inc. has a one year low of $59.78 and a one year high of $93.78.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, August 16th. The apparel and home fashions retailer reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.08. TJX Companies had a net margin of 7.77% and a return on equity of 62.61%. The company had revenue of $12.76 billion for the quarter, compared to analyst estimates of $12.45 billion. During the same quarter last year, the firm posted $0.69 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 3.71 earnings per share for the current fiscal year.

Insider Activity

In other news, Chairman Carol Meyrowitz sold 64,817 shares of TJX Companies stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $91.13, for a total value of $5,906,773.21. Following the transaction, the chairman now owns 135,050 shares of the company’s stock, valued at $12,307,106.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Chairman Carol Meyrowitz sold 64,817 shares of the firm’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $91.13, for a total value of $5,906,773.21. Following the sale, the chairman now owns 135,050 shares in the company, valued at $12,307,106.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 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 transaction of $377,730.00. Following the completion of the sale, the executive vice president now owns 115,223 shares in the company, valued at approximately $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 currently owned by company insiders.

About TJX Companies

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.