Strategic Wealth Partners Ltd. Boosts Holdings in The TJX Companies, Inc. (NYSE:TJX)

Strategic Wealth Partners Ltd. increased its stake in shares of The TJX Companies, Inc. (NYSE:TJXGet Rating) by 32.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,976 shares of the apparel and home fashions retailer’s stock after buying an additional 7,848 shares during the period. Strategic Wealth Partners Ltd.’s holdings in TJX Companies were worth $1,937,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TJX. Intelligent Financial Strategies acquired a new stake in TJX Companies in the fourth quarter worth about $30,000. Herold Advisors Inc. purchased a new stake in TJX Companies during the 1st quarter worth about $30,000. MCF Advisors LLC purchased a new position in shares of TJX Companies in the 1st quarter valued at about $33,000. James Reed Financial Services Inc. purchased a new position in shares of TJX Companies in the 4th quarter valued at about $37,000. Finally, Dixon Hughes Goodman Wealth Advisors LLC grew its stake in TJX Companies by 32.6% during the 1st quarter. Dixon Hughes Goodman Wealth Advisors LLC now owns 663 shares of the apparel and home fashions retailer’s stock worth $40,000 after buying an additional 163 shares during the last quarter. Hedge funds and other institutional investors own 90.42% of the company’s stock.

TJX Companies Trading Down 0.3 %

NYSE:TJX opened at $64.36 on Thursday. The stock’s 50 day moving average price is $63.07 and its 200 day moving average price is $61.62. The company has a market capitalization of $74.73 billion, a PE ratio of 22.80, a P/E/G ratio of 2.04 and a beta of 0.90. The company has a quick ratio of 0.47, a current ratio of 1.17 and a debt-to-equity ratio of 0.53. The TJX Companies, Inc. has a 52-week low of $53.69 and a 52-week high of $77.35.

TJX Companies (NYSE:TJXGet Rating) last posted its quarterly earnings results on Wednesday, August 17th. The apparel and home fashions retailer reported $0.69 EPS for the quarter, beating the consensus estimate of $0.67 by $0.02. The business had revenue of $11.84 billion during the quarter, compared to analysts’ expectations of $12.05 billion. TJX Companies had a return on equity of 61.19% and a net margin of 6.77%. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period last year, the firm earned $0.79 EPS. On average, research analysts anticipate that The TJX Companies, Inc. will post 3.11 EPS for the current year.

Analyst Upgrades and Downgrades

TJX has been the subject of several recent analyst reports. Robert W. Baird raised their price target on TJX Companies from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, August 18th. Cowen raised their price objective on shares of TJX Companies from $72.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, August 18th. TheStreet raised shares of TJX Companies from a “c+” rating to a “b” rating in a research note on Thursday, August 18th. Gordon Haskett lowered shares of TJX Companies from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $67.00 to $60.00 in a research note on Thursday, July 28th. Finally, Barclays boosted their price objective on shares of TJX Companies from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Friday, August 19th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $74.72.

Insider Activity at TJX Companies

In related news, EVP Louise Greenlees sold 8,822 shares of the stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $68.00, for a total value of $599,896.00. Following the completion of the transaction, the executive vice president now directly owns 58,335 shares of the company’s stock, valued at approximately $3,966,780. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other TJX Companies news, CEO Ernie Herrman sold 50,282 shares of the stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $65.90, for a total transaction of $3,313,583.80. Following the transaction, the chief executive officer now directly owns 696,439 shares of the company’s stock, valued at $45,895,330.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Louise Greenlees sold 8,822 shares of the firm’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $68.00, for a total value of $599,896.00. Following the completion of the sale, the executive vice president now directly owns 58,335 shares in the company, valued at $3,966,780. The disclosure for this sale can be found here. Insiders sold a total of 146,375 shares of company stock valued at $9,821,034 over the last three months. 0.19% of the stock is owned by insiders.

TJX Companies Profile

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The TJX Companies, Inc, together with its subsidiaries, 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; and other merchandise.

Further Reading

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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