First Allied Advisory Services Inc. cut its holdings in shares of TJX Companies Inc (NYSE:TJX) by 3.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,599 shares of the apparel and home fashions retailer’s stock after selling 529 shares during the quarter. First Allied Advisory Services Inc.’s holdings in TJX Companies were worth $698,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Cetera Advisor Networks LLC grew its stake in shares of TJX Companies by 18.3% in the first quarter. Cetera Advisor Networks LLC now owns 28,317 shares of the apparel and home fashions retailer’s stock worth $1,354,000 after acquiring an additional 4,388 shares during the last quarter. Mackay Shields LLC boosted its holdings in TJX Companies by 7.5% in the 1st quarter. Mackay Shields LLC now owns 200,442 shares of the apparel and home fashions retailer’s stock valued at $9,583,000 after purchasing an additional 13,946 shares during the period. Oppenheimer & Co. Inc. grew its position in TJX Companies by 17.4% in the 1st quarter. Oppenheimer & Co. Inc. now owns 123,810 shares of the apparel and home fashions retailer’s stock worth $5,919,000 after purchasing an additional 18,308 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of TJX Companies by 11.3% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 167,012 shares of the apparel and home fashions retailer’s stock worth $7,986,000 after purchasing an additional 17,006 shares during the period. Finally, Homrich & Berg increased its holdings in shares of TJX Companies by 5.9% during the 1st quarter. Homrich & Berg now owns 4,883 shares of the apparel and home fashions retailer’s stock worth $233,000 after purchasing an additional 270 shares during the period. 88.45% of the stock is owned by institutional investors.
TJX stock opened at $53.41 on Friday. The business has a fifty day moving average price of $47.52 and a 200 day moving average price of $55.87. The company has a debt-to-equity ratio of 3.19, a current ratio of 2.20 and a quick ratio of 0.56. TJX Companies Inc has a fifty-two week low of $32.72 and a fifty-two week high of $64.95. The stock has a market capitalization of $65.04 billion, a price-to-earnings ratio of 39.63, a P/E/G ratio of 4.03 and a beta of 0.70.
TJX Companies (NYSE:TJX) last announced its earnings results on Thursday, May 21st. The apparel and home fashions retailer reported ($0.74) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.56). TJX Companies had a return on equity of 31.29% and a net margin of 4.57%. The business had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.92 billion. During the same quarter in the previous year, the company posted $0.57 EPS. TJX Companies’s revenue for the quarter was down 52.5% on a year-over-year basis. On average, equities analysts expect that TJX Companies Inc will post 1.28 earnings per share for the current fiscal year.
A number of research firms recently weighed in on TJX. UBS Group decreased their target price on TJX Companies from $68.00 to $48.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. Nomura Securities decreased their price objective on TJX Companies from $58.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday, March 31st. Cfra boosted their price objective on TJX Companies from $60.00 to $65.00 and gave the company a “strong-buy” rating in a research report on Thursday. BMO Capital Markets started coverage on TJX Companies in a research report on Monday, February 3rd. They issued an “outperform” rating and a $70.00 target price for the company. Finally, Royal Bank of Canada boosted their price target on shares of TJX Companies from $48.00 to $64.00 and gave the company an “outperform” rating in a report on Friday. One 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. The stock has a consensus rating of “Buy” and a consensus target price 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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