Nicholas Hoffman & Company LLC. Increases Position in TJX Companies Inc (NYSE:TJX)

Nicholas Hoffman & Company LLC. grew its stake in TJX Companies Inc (NYSE:TJX) by 21.4% during the first quarter, HoldingsChannel reports. The fund owned 9,533 shares of the apparel and home fashions retailer’s stock after acquiring an additional 1,683 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in TJX Companies were worth $456,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Adirondack Trust Co. increased its holdings in shares of TJX Companies by 28.4% in the 4th quarter. Adirondack Trust Co. now owns 745 shares of the apparel and home fashions retailer’s stock valued at $44,000 after acquiring an additional 165 shares during the period. Anderson Fisher LLC increased its holdings in shares of TJX Companies by 3.7% in the 4th quarter. Anderson Fisher LLC now owns 5,062 shares of the apparel and home fashions retailer’s stock valued at $309,000 after acquiring an additional 179 shares during the period. Pinnacle Associates Ltd. increased its holdings in shares of TJX Companies by 0.9% in the 4th quarter. Pinnacle Associates Ltd. now owns 20,421 shares of the apparel and home fashions retailer’s stock valued at $1,247,000 after acquiring an additional 189 shares during the period. Loomis Sayles & Co. L P increased its holdings in shares of TJX Companies by 9.6% in the 4th quarter. Loomis Sayles & Co. L P now owns 2,182 shares of the apparel and home fashions retailer’s stock valued at $133,000 after acquiring an additional 192 shares during the period. Finally, Hilltop Holdings Inc. increased its holdings in shares of TJX Companies by 0.9% in the 4th quarter. Hilltop Holdings Inc. now owns 20,854 shares of the apparel and home fashions retailer’s stock valued at $1,273,000 after acquiring an additional 196 shares during the period. Institutional investors and hedge funds own 88.45% of the company’s stock.

TJX traded down $0.89 during trading on Friday, reaching $53.41. 13,418,907 shares of the stock were exchanged, compared to its average volume of 11,063,555. The stock has a market cap of $65.04 billion, a P/E ratio of 38.99, a price-to-earnings-growth ratio of 4.03 and a beta of 0.70. TJX Companies Inc has a twelve month low of $32.72 and a twelve month high of $64.95. The stock’s 50 day moving average price is $47.52 and its two-hundred day moving average price is $55.87. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.56 and a current ratio of 2.20.

TJX Companies (NYSE:TJX) last issued its earnings results on Thursday, May 21st. The apparel and home fashions retailer reported ($0.74) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.56). The firm 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.57 earnings per share. Equities research analysts predict that TJX Companies Inc will post 1.28 earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on TJX. Cfra lifted their price target on TJX Companies from $60.00 to $65.00 and gave the company a “strong-buy” rating in a report on Thursday. Zacks Investment Research cut TJX Companies from a “hold” rating to a “strong sell” rating and set a $50.00 price objective for the company. in a research report on Saturday, May 2nd. Jefferies Financial Group raised their price objective on TJX Companies from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday. Barclays raised their price objective on TJX Companies from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Atlantic Securities upgraded TJX Companies from a “neutral” rating to an “overweight” rating and set a $60.00 price objective for the company in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $64.04.

TJX Companies Company 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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