Mesirow Financial Investment Management Inc. Sells 3,866 Shares of The TJX Companies, Inc. (NYSE:TJX)

Mesirow Financial Investment Management Inc. lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 11.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,657 shares of the apparel and home fashions retailer’s stock after selling 3,866 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in TJX Companies were worth $3,157,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of TJX. Aveo Capital Partners LLC boosted its stake in TJX Companies by 6.0% in the fourth 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 increased its holdings in TJX Companies by 36.6% in the fourth quarter. 9258 Wealth Management LLC now owns 13,515 shares of the apparel and home fashions retailer’s stock valued at $1,268,000 after purchasing an additional 3,624 shares during the last quarter. Gryphon Financial Partners LLC increased its holdings in TJX Companies by 35.9% in the fourth quarter. Gryphon Financial Partners LLC now owns 2,908 shares of the apparel and home fashions retailer’s stock valued at $249,000 after purchasing an additional 768 shares during the last quarter. Hillsdale Investment Management Inc. increased its holdings in TJX Companies by 65.5% in the fourth quarter. Hillsdale Investment Management Inc. now owns 9,300 shares of the apparel and home fashions retailer’s stock valued at $872,000 after purchasing an additional 3,680 shares during the last quarter. Finally, Balentine LLC increased its holdings in TJX Companies by 12.3% in the fourth quarter. Balentine LLC now owns 15,723 shares of the apparel and home fashions retailer’s stock valued at $1,475,000 after purchasing an additional 1,720 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the transaction, the chief executive officer now owns 536,148 shares in the company, valued at approximately $63,018,835.92. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by insiders.

TJX Companies Stock Performance

TJX opened at $119.60 on Tuesday. The TJX Companies, Inc. has a 12-month low of $86.71 and a 12-month high of $121.13. The stock has a market cap of $135.17 billion, a price-to-earnings ratio of 29.68, a PEG ratio of 2.99 and a beta of 0.89. The business has a 50 day moving average of $114.48 and a 200-day moving average of $105.71. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37.

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

Analysts Set New Price Targets

A number of research firms recently commented on TJX. Jefferies Financial Group upped their price objective on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Morgan Stanley increased their price objective on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on TJX Companies in a report on Tuesday, May 21st. Citigroup downgraded TJX Companies from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $110.00 to $128.00 in a report on Thursday, August 22nd. Finally, StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.