Stonebrook Private Inc. Has $1.22 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Stonebrook Private Inc. trimmed its position in The TJX Companies, Inc. (NYSE:TJX) by 2.2% during the second quarter, HoldingsChannel.com reports. The fund owned 11,115 shares of the apparel and home fashions retailer’s stock after selling 250 shares during the period. Stonebrook Private Inc.’s holdings in TJX Companies were worth $1,224,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Motiv8 Investments LLC grew its stake in TJX Companies by 16.2% in the second quarter. Motiv8 Investments LLC now owns 7,078 shares of the apparel and home fashions retailer’s stock valued at $779,000 after acquiring an additional 989 shares during the period. EFG Asset Management Americas Corp. grew its position in shares of TJX Companies by 34.7% in the 2nd quarter. EFG Asset Management Americas Corp. now owns 16,693 shares of the apparel and home fashions retailer’s stock valued at $1,838,000 after purchasing an additional 4,298 shares during the period. Illinois Municipal Retirement Fund increased its stake in TJX Companies by 13.3% during the 2nd quarter. Illinois Municipal Retirement Fund now owns 218,226 shares of the apparel and home fashions retailer’s stock worth $24,027,000 after purchasing an additional 25,671 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in TJX Companies by 80.6% during the 2nd quarter. Los Angeles Capital Management LLC now owns 2,943,176 shares of the apparel and home fashions retailer’s stock worth $324,044,000 after buying an additional 1,313,517 shares during the period. Finally, Cullen Frost Bankers Inc. lifted its stake in TJX Companies by 0.5% in the second quarter. Cullen Frost Bankers Inc. now owns 153,207 shares of the apparel and home fashions retailer’s stock valued at $16,868,000 after buying an additional 718 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

TJX has been the topic of several research reports. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on shares of TJX Companies in a research report on Tuesday, May 21st. Barclays lifted their target price on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. BMO Capital Markets upped their price target on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Bank of America boosted their price objective on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, Morgan Stanley increased their target price on shares of TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $126.76.

TJX Companies Stock Performance

NYSE:TJX traded down $2.39 during mid-day trading on Friday, reaching $115.62. 4,827,263 shares of the company’s stock were exchanged, compared to its average volume of 5,428,720. The TJX Companies, Inc. has a one year low of $86.71 and a one year 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 business’s fifty day simple moving average is $113.58 and its two-hundred day simple moving average is $104.82. The firm has a market capitalization of $130.67 billion, a PE ratio of 28.69, a price-to-earnings-growth ratio of 2.97 and a beta of 0.89.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 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 company had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. During the same quarter last year, the business earned $0.85 earnings per share. TJX Companies’s revenue was up 5.6% on a year-over-year basis. Analysts anticipate that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies 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.