Tounjian Advisory Partners LLC trimmed its stake in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 2.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,610 shares of the apparel and home fashions retailer’s stock after selling 566 shares during the period. Tounjian Advisory Partners LLC’s holdings in TJX Companies were worth $2,997,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of TJX. Brighton Jones LLC increased its stake in shares of TJX Companies by 113.7% during the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock worth $1,817,000 after purchasing an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in shares of TJX Companies by 12.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock worth $262,000 after purchasing an additional 235 shares in the last quarter. Bison Wealth LLC increased its stake in shares of TJX Companies by 32.9% during the 4th quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer’s stock worth $466,000 after purchasing an additional 955 shares in the last quarter. Tidal Investments LLC increased its stake in shares of TJX Companies by 31.3% during the 4th quarter. Tidal Investments LLC now owns 83,240 shares of the apparel and home fashions retailer’s stock worth $10,056,000 after purchasing an additional 19,837 shares in the last quarter. Finally, WBI Investments LLC increased its stake in shares of TJX Companies by 74.2% during the 4th quarter. WBI Investments LLC now owns 7,855 shares of the apparel and home fashions retailer’s stock worth $949,000 after purchasing an additional 3,345 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.
TJX Companies Stock Performance
NYSE:TJX opened at $139.52 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $155.28 billion, a price-to-earnings ratio of 31.78, a PEG ratio of 3.18 and a beta of 0.90. The firm’s fifty day simple moving average is $131.99 and its 200 day simple moving average is $127.23. The TJX Companies, Inc. has a twelve month low of $111.22 and a twelve month high of $145.58.
Wall Street Analysts Forecast Growth
TJX has been the subject of a number of recent research reports. Loop Capital set a $150.00 price objective on shares of TJX Companies and gave the stock a “buy” rating in a research note on Thursday, May 22nd. Wells Fargo & Company raised their price objective on shares of TJX Companies from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 21st. Sanford C. Bernstein lifted their target price on shares of TJX Companies from $145.00 to $152.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Citigroup lifted their target price on shares of TJX Companies from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. Finally, Robert W. Baird lifted their target price on shares of TJX Companies from $143.00 to $152.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $147.58.
Check Out Our Latest Research Report on TJX
TJX Companies Company Profile
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.
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