Illinois Municipal Retirement Fund Purchases 25,671 Shares of The TJX Companies, Inc. (NYSE:TJX)

Illinois Municipal Retirement Fund lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 13.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 218,226 shares of the apparel and home fashions retailer’s stock after buying an additional 25,671 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in TJX Companies were worth $24,027,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TJX. Valued Wealth Advisors LLC raised its stake in TJX Companies by 260.3% in the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after purchasing an additional 177 shares in the last quarter. Richard W. Paul & Associates LLC acquired a new stake in shares of TJX Companies in the second quarter valued at approximately $25,000. Frazier Financial Advisors LLC bought a new stake in shares of TJX Companies in the fourth quarter valued at approximately $27,000. First Pacific Financial acquired a new stake in TJX Companies during the first quarter worth approximately $29,000. Finally, OFI Invest Asset Management bought a new position in TJX Companies during the 1st quarter worth $30,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of TJX traded down $2.39 during trading hours on Friday, reaching $115.62. The stock had a trading volume of 4,827,263 shares, compared to its average volume of 5,428,720. The stock has a market capitalization of $130.67 billion, a PE ratio of 28.69, a PEG ratio of 2.97 and a beta of 0.89. 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 quick ratio of 0.60 and a current ratio of 1.21. The company’s 50-day moving average is $113.58 and its two-hundred day moving average is $104.82.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The firm had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period last year, the firm posted $0.85 earnings per share. Research analysts expect that The TJX Companies, Inc. will post 4.15 EPS for the current year.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of recent analyst reports. Sanford C. Bernstein upped their target price on TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Evercore ISI upped their price objective on shares of TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Jefferies Financial Group raised their target price on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Citigroup cut shares of TJX Companies from a “buy” rating to a “neutral” rating and boosted their target price for the company from $110.00 to $128.00 in a research report on Thursday, August 22nd. Finally, Robert W. Baird increased their price target on shares of TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and an average target price of $126.76.

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.