J.W. Cole Advisors Inc. Acquires 2,655 Shares of The TJX Companies, Inc. (NYSE:TJX)

J.W. Cole Advisors Inc. lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 28.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 11,871 shares of the apparel and home fashions retailer’s stock after purchasing an additional 2,655 shares during the period. J.W. Cole Advisors Inc.’s holdings in TJX Companies were worth $1,307,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Aveo Capital Partners LLC raised its stake in shares of TJX Companies by 6.0% in the fourth quarter. Aveo Capital Partners LLC now owns 3,568 shares of the apparel and home fashions retailer’s stock worth $335,000 after acquiring an additional 203 shares during the last quarter. 9258 Wealth Management LLC raised its position in TJX Companies by 36.6% in the 4th quarter. 9258 Wealth Management LLC now owns 13,515 shares of the apparel and home fashions retailer’s stock worth $1,268,000 after purchasing an additional 3,624 shares during the last quarter. Gryphon Financial Partners LLC raised its position in TJX Companies by 35.9% in the 4th quarter. Gryphon Financial Partners LLC now owns 2,908 shares of the apparel and home fashions retailer’s stock worth $249,000 after purchasing an additional 768 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in TJX Companies by 41.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 249,771 shares of the apparel and home fashions retailer’s stock worth $23,431,000 after buying an additional 72,919 shares in the last quarter. Finally, Norges Bank bought a new position in TJX Companies in the 4th quarter valued at $1,193,438,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Up 1.3 %

Shares of TJX Companies stock opened at $119.81 on Monday. The company has a market capitalization of $135.40 billion, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 2.99 and a beta of 0.89. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The business has a 50-day moving average of $114.33 and a two-hundred day moving average of $105.57. The TJX Companies, Inc. has a 1 year low of $86.71 and a 1 year high of $121.13.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The business had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. During the same period in the prior year, the business earned $0.85 EPS. TJX Companies’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, equities analysts predict that The TJX Companies, Inc. will post 4.15 EPS for the current year.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the completion of the transaction, the chief executive officer now owns 536,148 shares in the company, valued at approximately $63,018,835.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TJX. Jefferies Financial Group upped their price target on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $128.00 target price on shares of TJX Companies in a research note on Wednesday, August 21st. TD Cowen boosted their price target on shares of TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on shares of TJX Companies in a research note on Tuesday, May 21st. Finally, StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Sunday. Three equities research 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, TJX Companies currently has an average rating of “Moderate Buy” and a consensus price target of $126.76.

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, and gourmet food departments; jewelry and accessories; and other merchandise.