TJX Companies Inc (NYSE:TJX) Shares Purchased by Cigna Investments Inc. New

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Cigna Investments Inc. New lifted its stake in TJX Companies Inc (NYSE:TJX) by 3.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 63,562 shares of the apparel and home fashions retailer’s stock after acquiring an additional 2,100 shares during the quarter. Cigna Investments Inc. New’s holdings in TJX Companies were worth $3,038,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Sugarloaf Wealth Management LLC acquired a new stake in TJX Companies during the 4th quarter worth approximately $28,000. FSA Wealth Management LLC acquired a new stake in TJX Companies during the 4th quarter worth approximately $29,000. Lion Street Advisors LLC acquired a new stake in TJX Companies during the 1st quarter worth approximately $29,000. Solstein Capital LLC acquired a new stake in TJX Companies during the 4th quarter worth approximately $31,000. Finally, Westside Investment Management Inc. acquired a new stake in TJX Companies during the 1st quarter worth approximately $33,000. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Shares of NYSE TJX traded down $0.89 during midday trading on Friday, hitting $53.41. The company had a trading volume of 13,418,907 shares, compared to its average volume of 11,063,555. The company has a quick ratio of 0.56, a current ratio of 2.20 and a debt-to-equity ratio of 3.19. TJX Companies Inc has a twelve month low of $32.72 and a twelve month high of $64.95. The business has a 50-day simple moving average of $47.52 and a two-hundred day simple moving average of $55.87. The firm has a market capitalization of $65.04 billion, a price-to-earnings ratio of 38.99, a price-to-earnings-growth ratio of 4.03 and a beta of 0.70.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Thursday, May 21st. The apparel and home fashions retailer reported ($0.74) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.56). TJX Companies had a net margin of 4.57% and a return on equity of 31.29%. The company had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.92 billion. During the same quarter last year, the business earned $0.57 EPS. The firm’s revenue for the quarter was down 52.5% on a year-over-year basis. On average, equities analysts forecast that TJX Companies Inc will post 1.28 EPS for the current year.

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada increased their target price on shares of TJX Companies from $48.00 to $64.00 and gave the stock an “outperform” rating in a report on Friday. Zacks Investment Research lowered shares of TJX Companies from a “hold” rating to a “strong sell” rating and set a $50.00 target price on the stock. in a report on Saturday, May 2nd. ValuEngine upgraded shares of TJX Companies from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd. Wells Fargo & Co increased their price objective on shares of TJX Companies from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Credit Suisse Group increased their price objective on shares of TJX Companies from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $64.04.

TJX Companies Profile

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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