Headlands Technologies LLC Invests $3.62 Million in The TJX Companies, Inc. (NYSE:TJX)

Headlands Technologies LLC acquired a new position in The TJX Companies, Inc. (NYSE:TJX) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 32,845 shares of the apparel and home fashions retailer’s stock, valued at approximately $3,616,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TJX. Aveo Capital Partners LLC boosted its holdings in shares of TJX Companies by 6.0% in the 4th quarter. Aveo Capital Partners LLC now owns 3,568 shares of the apparel and home fashions retailer’s stock worth $335,000 after purchasing an additional 203 shares in the last quarter. 9258 Wealth Management LLC boosted its holdings in shares of TJX Companies by 36.6% in the 4th quarter. 9258 Wealth Management LLC now owns 13,515 shares of the apparel and home fashions retailer’s stock worth $1,268,000 after purchasing an additional 3,624 shares in the last quarter. Gryphon Financial Partners LLC boosted its holdings in shares of TJX Companies by 35.9% in the 4th quarter. Gryphon Financial Partners LLC now owns 2,908 shares of the apparel and home fashions retailer’s stock worth $249,000 after purchasing an additional 768 shares in the last quarter. Avantax Advisory Services Inc. boosted its holdings in shares of TJX Companies by 34.5% in the 4th quarter. Avantax Advisory Services Inc. now owns 23,730 shares of the apparel and home fashions retailer’s stock worth $2,226,000 after purchasing an additional 6,090 shares in the last quarter. Finally, Advisor OS LLC bought a new stake in shares of TJX Companies in the 4th quarter valued at about $201,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TJX shares. Loop Capital boosted their target price on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Morgan Stanley boosted their target price on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Barclays boosted their target price on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. StockNews.com lowered TJX Companies from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Evercore ISI boosted their target price on TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Four research 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.

TJX Companies Stock Up 0.6 %

Shares of NYSE:TJX opened at $117.83 on Wednesday. The TJX Companies, Inc. has a 52-week low of $86.71 and a 52-week high of $121.13. The firm has a market capitalization of $132.90 billion, a P/E ratio of 29.24, a P/E/G ratio of 2.92 and a beta of 0.89. The stock has a 50 day moving average price of $113.86 and a 200-day moving average price of $105.18. 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 announced its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $13.31 billion. During the same quarter in the prior year, the company earned $0.85 EPS. The business’s revenue was up 5.6% compared to the same quarter last year. As a group, equities research analysts anticipate 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.