Triangle Securities Wealth Management Cuts Position in The TJX Companies, Inc. (NYSE:TJX)

Triangle Securities Wealth Management cut its holdings in The TJX Companies, Inc. (NYSE:TJX – Get Rating) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,255 shares of the apparel and home fashions retailer’s stock after selling 305 shares during the period. Triangle Securities Wealth Management’s holdings in TJX Companies were worth $896,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Ontario Teachers Pension Plan Board bought a new position in TJX Companies in the 1st quarter valued at $408,331,000. FMR LLC grew its position in TJX Companies by 22.0% during the second quarter. FMR LLC now owns 32,148,799 shares of the apparel and home fashions retailer’s stock valued at $1,795,510,000 after buying an additional 5,804,572 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in TJX Companies by 25.1% during the second quarter. Price T Rowe Associates Inc. MD now owns 20,320,455 shares of the apparel and home fashions retailer’s stock worth $1,134,897,000 after buying an additional 4,081,241 shares during the last quarter. Renaissance Technologies LLC bought a new stake in TJX Companies in the first quarter worth about $116,429,000. Finally, Third Point LLC purchased a new position in TJX Companies in the third quarter valued at about $108,710,000. 91.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TJX has been the topic of a number of research reports. Cowen lifted their price target on shares of TJX Companies from $84.00 to $85.00 in a report on Tuesday, December 6th. Morgan Stanley lifted their target price on TJX Companies from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, February 23rd. Telsey Advisory Group reissued an “outperform” rating and set a $95.00 price objective on shares of TJX Companies in a research note on Thursday, February 23rd. StockNews.com started coverage on shares of TJX Companies in a research note on Thursday. They issued a “buy” rating for the company. Finally, JPMorgan Chase & Co. raised their price objective on shares of TJX Companies from $90.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, February 6th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and a consensus target price of $86.07.

TJX Companies Trading Down 0.2 %

Shares of NYSE:TJX traded down $0.12 on Friday, reaching $74.48. 7,790,297 shares of the company traded hands, compared to its average volume of 5,472,806. The stock has a market capitalization of $86.06 billion, a P/E ratio of 24.99, a price-to-earnings-growth ratio of 2.01 and a beta of 0.91. The business’s 50-day simple moving average is $79.15 and its 200 day simple moving average is $74.28. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 0.45. The TJX Companies, Inc. has a 52 week low of $53.69 and a 52 week high of $83.13.

TJX Companies (NYSE:TJX – Get Rating) last posted its quarterly earnings results on Wednesday, February 22nd. The apparel and home fashions retailer reported $0.89 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.89. TJX Companies had a return on equity of 63.68% and a net margin of 7.00%. The business had revenue of $14.52 billion for the quarter, compared to analyst estimates of $14.07 billion. During the same period last year, the company earned $0.78 EPS. TJX Companies’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 3.51 EPS for the current fiscal year.

TJX Companies Company Profile

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The TJX Cos., Inc engages in the retail of off-price apparel and home fashion products. It operates through the following segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The Marmaxx segment sells family apparel including apparel, home fashions, and other merchandise. The HomeGoods segment offers an assortment of home fashions, including furniture, rugs, lighting, soft home, decorative accessories, tabletop and cookware as well as expanded pet, kids, and gourmet food departments.