The TJX Companies, Inc. (NYSE:TJX) Shares Bought by Parcion Private Wealth LLC

Parcion Private Wealth LLC lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.3% during the second quarter, HoldingsChannel reports. The fund owned 51,128 shares of the apparel and home fashions retailer’s stock after acquiring an additional 174 shares during the quarter. Parcion Private Wealth LLC’s holdings in TJX Companies were worth $5,629,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Valued Wealth Advisors LLC increased its position in TJX Companies by 260.3% during 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 during the period. Richard W. Paul & Associates LLC acquired a new position in TJX Companies during the second quarter worth $25,000. Frazier Financial Advisors LLC purchased a new position in TJX Companies in the fourth quarter worth $27,000. First Pacific Financial purchased a new position in TJX Companies in the first quarter worth $29,000. Finally, OFI Invest Asset Management acquired a new stake in TJX Companies in the first quarter valued at $30,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Price Performance

TJX Companies stock traded down $2.39 during midday trading on Friday, reaching $115.62. 4,827,263 shares of the company were exchanged, compared to its average volume of 5,428,720. The firm’s 50-day simple moving average is $113.58 and its 200-day simple moving average is $104.82. The TJX Companies, Inc. has a 1 year low of $86.71 and a 1 year high of $121.13. The company has a market capitalization of $130.67 billion, a price-to-earnings ratio of 28.69, a P/E/G ratio of 2.97 and a beta of 0.89. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21.

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. The business had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 earnings per share. On average, analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Morgan Stanley increased their price target on shares of TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. UBS Group lifted their price target on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Sanford C. Bernstein upped their price target on TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $110.00 to $128.00 in a report on Thursday, August 22nd. Finally, Deutsche Bank Aktiengesellschaft set a $114.00 target price on TJX Companies in a research report on Tuesday, May 21st. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.