Commerce Bank boosted its holdings in shares of TJX Companies Inc (NYSE:TJX) by 3.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 107,465 shares of the apparel and home fashions retailer’s stock after acquiring an additional 4,030 shares during the quarter. Commerce Bank’s holdings in TJX Companies were worth $5,138,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of TJX. RFG Advisory LLC bought a new position in TJX Companies during the fourth quarter valued at approximately $366,000. SeaCrest Wealth Management LLC grew its holdings in TJX Companies by 29.5% during the fourth quarter. SeaCrest Wealth Management LLC now owns 8,651 shares of the apparel and home fashions retailer’s stock valued at $528,000 after purchasing an additional 1,973 shares during the last quarter. Optimum Investment Advisors grew its holdings in TJX Companies by 500.0% during the fourth quarter. Optimum Investment Advisors now owns 1,800 shares of the apparel and home fashions retailer’s stock valued at $110,000 after purchasing an additional 1,500 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of TJX Companies by 115.2% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,608 shares of the apparel and home fashions retailer’s stock worth $526,000 after acquiring an additional 4,608 shares during the last quarter. Finally, J.W. Cole Advisors Inc. acquired a new stake in shares of TJX Companies in the fourth quarter worth $272,000. 88.45% of the stock is currently owned by hedge funds and other institutional investors.
TJX Companies stock opened at $53.41 on Friday. The firm has a market capitalization of $65.04 billion, a P/E ratio of 38.99, a PEG ratio of 4.03 and a beta of 0.70. TJX Companies Inc has a 1 year low of $32.72 and a 1 year high of $64.95. The business has a 50-day moving average of $47.52 and a 200-day moving average of $55.87. The company has a current ratio of 2.20, a quick ratio of 0.56 and a debt-to-equity ratio of 3.19.
TJX Companies (NYSE:TJX) last posted its earnings results on Thursday, May 21st. The apparel and home fashions retailer reported ($0.74) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.56). The company had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.92 billion. TJX Companies had a return on equity of 31.29% and a net margin of 4.57%. TJX Companies’s quarterly revenue was down 52.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.57 earnings per share. Research analysts anticipate that TJX Companies Inc will post 1.28 EPS for the current fiscal year.
TJX has been the topic of several research analyst reports. MKM Partners raised their price objective on shares of TJX Companies from $70.00 to $74.00 in a research note on Thursday, February 27th. UBS Group lowered their price objective on shares of TJX Companies from $68.00 to $48.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Jefferies Financial Group raised their price objective on shares of TJX Companies from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday. Barclays raised their price objective on shares of TJX Companies from $60.00 to $64.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Morgan Stanley downgraded shares of TJX Companies to a “hold” rating in a research note on Friday, April 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. TJX Companies has an average rating of “Buy” and a consensus price target of $64.04.
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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