State Board of Administration of Florida Retirement System reduced its holdings in TJX Companies Inc (NYSE:TJX) by 2.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,610,430 shares of the apparel and home fashions retailer’s stock after selling 45,150 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.13% of TJX Companies worth $81,423,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in TJX. Creative Financial Designs Inc. ADV acquired a new stake in TJX Companies in the second quarter worth $26,000. Lion Street Advisors LLC acquired a new stake in TJX Companies in the first quarter worth $29,000. Truvestments Capital LLC raised its holdings in TJX Companies by 293.8% in the second quarter. Truvestments Capital LLC now owns 634 shares of the apparel and home fashions retailer’s stock worth $31,000 after purchasing an additional 473 shares during the period. Center for Financial Planning Inc. raised its holdings in TJX Companies by 53.9% in the first quarter. Center for Financial Planning Inc. now owns 637 shares of the apparel and home fashions retailer’s stock worth $30,000 after purchasing an additional 223 shares during the period. Finally, Laffer Investments acquired a new stake in TJX Companies in the first quarter worth $37,000. Institutional investors and hedge funds own 89.30% of the company’s stock.
Several equities research analysts have recently issued reports on TJX shares. Nomura Instinet increased their price objective on shares of TJX Companies from $59.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Atlantic Securities raised shares of TJX Companies from a “neutral” rating to an “overweight” rating and set a $60.00 price objective for the company in a research report on Wednesday, April 29th. Deutsche Bank lowered their price objective on shares of TJX Companies from $58.00 to $53.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Morgan Stanley increased their price objective on shares of TJX Companies from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Finally, UBS Group increased their price objective on shares of TJX Companies from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $64.15.
Shares of TJX Companies stock traded down $1.78 on Thursday, reaching $52.58. The stock had a trading volume of 580,803 shares, compared to its average volume of 5,559,921. TJX Companies Inc has a 1 year low of $32.72 and a 1 year high of $64.95. The company has a market cap of $68.82 billion, a P/E ratio of 38.36, a price-to-earnings-growth ratio of 9.03 and a beta of 0.71. The company has a current ratio of 2.20, a quick ratio of 1.15 and a debt-to-equity ratio of 3.19. The business’s 50 day moving average is $53.13 and its two-hundred day moving average is $52.69.
TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.08). TJX Companies had a return on equity of 31.29% and a net margin of 4.57%. The firm had revenue of $6.67 billion during the quarter, compared to analysts’ expectations of $6.58 billion. During the same period in the previous year, the company posted $0.62 earnings per share. The company’s quarterly revenue was down 31.8% compared to the same quarter last year. On average, equities analysts anticipate that TJX Companies Inc will post 0.61 EPS for the current fiscal year.
In related news, Director Rosemary T. Berkery bought 3,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average cost of $55.30 per share, with a total value of $165,900.00. Company insiders own 0.18% of the company’s stock.
About TJX Companies
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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