Chartwell Investment Partners LLC Purchases 16,464 Shares of TJX Companies Inc (NYSE:TJX)

Chartwell Investment Partners LLC increased its position in shares of TJX Companies Inc (NYSE:TJX) by 35.7% during the second quarter, HoldingsChannel reports. The fund owned 62,605 shares of the apparel and home fashions retailer’s stock after buying an additional 16,464 shares during the quarter. Chartwell Investment Partners LLC’s holdings in TJX Companies were worth $3,165,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of TJX. Guggenheim Capital LLC raised its position in TJX Companies by 5.1% in the fourth quarter. Guggenheim Capital LLC now owns 631,846 shares of the apparel and home fashions retailer’s stock valued at $38,581,000 after purchasing an additional 30,543 shares during the last quarter. Sunbelt Securities Inc. raised its position in TJX Companies by 21.5% in the fourth quarter. Sunbelt Securities Inc. now owns 23,863 shares of the apparel and home fashions retailer’s stock valued at $1,210,000 after purchasing an additional 4,221 shares during the last quarter. Macquarie Group Ltd. raised its position in TJX Companies by 89.3% in the fourth quarter. Macquarie Group Ltd. now owns 116,510 shares of the apparel and home fashions retailer’s stock valued at $7,115,000 after purchasing an additional 54,946 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in TJX Companies by 161.7% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 874 shares of the apparel and home fashions retailer’s stock valued at $41,000 after purchasing an additional 540 shares during the last quarter. Finally, Pensionfund Sabic raised its position in TJX Companies by 2.4% in the first quarter. Pensionfund Sabic now owns 42,000 shares of the apparel and home fashions retailer’s stock valued at $2,008,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

NYSE TJX opened at $51.99 on Friday. The company has a quick ratio of 1.15, a current ratio of 2.20 and a debt-to-equity ratio of 3.19. The company has a market cap of $62.28 billion, a PE ratio of 37.95, a price-to-earnings-growth ratio of 8.19 and a beta of 0.72. TJX Companies Inc has a 52 week low of $32.72 and a 52 week high of $64.95. The firm’s 50-day simple moving average is $51.98 and its two-hundred day simple moving average is $53.29.

TJX Companies (NYSE:TJX) last issued its earnings results on Thursday, May 21st. The apparel and home fashions retailer reported ($0.74) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.56). The business had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.92 billion. TJX Companies had a return on equity of 31.29% and a net margin of 4.57%. TJX Companies’s revenue for the quarter was down 52.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.57 EPS. As a group, equities research analysts anticipate that TJX Companies Inc will post 0.6 EPS for the current year.

Several equities analysts have commented on the company. Credit Suisse Group increased their target price on TJX Companies from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, May 22nd. UBS Group increased their target price on TJX Companies from $48.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. TheStreet downgraded TJX Companies from a “b” rating to a “c” rating in a research report on Thursday, May 21st. Wells Fargo & Co raised their price objective on TJX Companies from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Finally, Cfra raised their price objective on TJX Companies from $60.00 to $65.00 and gave the stock a “strong-buy” rating in a research report on Thursday, May 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $64.42.

In other TJX Companies news, Director Rosemary T. Berkery bought 3,000 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was purchased at an average price of $55.30 per share, for a total transaction of $165,900.00. 0.18% of the stock is owned by company insiders.

TJX Companies Company Profile

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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; footwear; and other merchandise.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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