Constitution Capital LLC Has $1.18 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Constitution Capital LLC raised its position in The TJX Companies, Inc. (NYSE:TJX) by 1.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,943 shares of the apparel and home fashions retailer’s stock after buying an additional 200 shares during the period. TJX Companies accounts for about 0.7% of Constitution Capital LLC’s investment portfolio, making the stock its 25th biggest position. Constitution Capital LLC’s holdings in TJX Companies were worth $1,182,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of TJX Companies by 3.3% during the first quarter. BlackRock Inc. now owns 79,610,111 shares of the apparel and home fashions retailer’s stock worth $6,238,248,000 after purchasing an additional 2,579,986 shares in the last quarter. FMR LLC lifted its position in shares of TJX Companies by 11.0% during the first quarter. FMR LLC now owns 48,901,281 shares of the apparel and home fashions retailer’s stock worth $3,831,904,000 after purchasing an additional 4,862,540 shares in the last quarter. Morgan Stanley lifted its position in shares of TJX Companies by 88.1% during the fourth quarter. Morgan Stanley now owns 26,619,778 shares of the apparel and home fashions retailer’s stock worth $2,118,935,000 after purchasing an additional 12,468,119 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of TJX Companies by 1.0% during the first quarter. Geode Capital Management LLC now owns 20,891,507 shares of the apparel and home fashions retailer’s stock worth $1,632,900,000 after purchasing an additional 209,152 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its position in shares of TJX Companies by 90,089.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,788,543 shares of the apparel and home fashions retailer’s stock worth $1,575,168,000 after purchasing an additional 19,766,602 shares in the last quarter. 89.28% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Performance

NYSE TJX traded down $0.96 during trading on Tuesday, reaching $90.98. The company’s stock had a trading volume of 1,395,040 shares, compared to its average volume of 4,959,468. The company has a current ratio of 1.20, a quick ratio of 0.56 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $104.09 billion, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 2.24 and a beta of 0.89. The TJX Companies, Inc. has a 12 month low of $59.78 and a 12 month high of $93.78. The firm has a 50 day moving average price of $88.20 and a 200 day moving average price of $81.86.

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

Insider Buying and Selling

In related news, EVP Kenneth Canestrari sold 4,197 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $90.00, for a total transaction of $377,730.00. Following the completion of the transaction, the executive vice president now directly owns 115,223 shares in the company, valued at approximately $10,370,070. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Chairman Carol Meyrowitz sold 64,817 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $91.13, for a total transaction of $5,906,773.21. Following the completion of the transaction, the chairman now directly owns 135,050 shares in the company, valued at approximately $12,307,106.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kenneth Canestrari sold 4,197 shares of the company’s stock in a transaction that occurred 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 transaction, 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 sold a total of 114,014 shares of company stock worth $10,291,303 in the last three months. 0.13% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TJX. Piper Sandler assumed coverage on shares of TJX Companies in a research report on Thursday, June 29th. They set an “overweight” rating and a $110.00 target price on the stock. Telsey Advisory Group raised their price objective on shares of TJX Companies from $95.00 to $100.00 in a research note on Thursday, August 17th. Robert W. Baird raised their price objective on shares of TJX Companies from $90.00 to $96.00 and gave the company an “outperform” rating in a research note on Thursday, August 17th. BMO Capital Markets raised their price objective on shares of TJX Companies from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, August 17th. Finally, Loop Capital lifted their price target on shares of TJX Companies from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, September 6th. Three analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $95.42.

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.