The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. lessened its holdings in The TJX Companies, Inc. (NYSE:TJX) by 1.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,658 shares of the apparel and home fashions retailer’s stock after selling 310 shares during the quarter. Foster & Motley Inc.’s holdings in TJX Companies were worth $2,054,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Valued Wealth Advisors LLC increased its stake in shares of TJX Companies by 260.3% in the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after acquiring an additional 177 shares during the period. Richard W. Paul & Associates LLC purchased a new stake in TJX Companies in the second quarter valued at $25,000. Frazier Financial Advisors LLC acquired a new stake in TJX Companies during the 4th quarter worth about $27,000. First Pacific Financial purchased a new position in shares of TJX Companies during the 1st quarter valued at about $29,000. Finally, OFI Invest Asset Management acquired a new position in shares of TJX Companies in the 1st quarter valued at about $30,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and raised their target price for the stock from $110.00 to $128.00 in a report on Thursday, August 22nd. Wells Fargo & Company raised their price objective on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 22nd. StockNews.com cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Thursday, August 29th. Barclays raised their price target on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Finally, UBS Group upped their price objective on shares of TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $126.76.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $118.01 on Friday. The stock has a market capitalization of $133.10 billion, a P/E ratio of 29.28, a PEG ratio of 2.97 and a beta of 0.89. The business has a 50 day simple moving average of $113.47 and a two-hundred day simple moving average of $104.70. The TJX Companies, Inc. has a 12 month low of $86.71 and a 12 month high of $121.13. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60.

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

TJX Companies Company 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, and gourmet food departments; jewelry and accessories; and other merchandise.