FourThought Financial LLC lessened its position in shares of The TJX Companies, Inc. (NYSE:TJX – Get Rating) by 5.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,127 shares of the apparel and home fashions retailer’s stock after selling 446 shares during the quarter. FourThought Financial LLC’s holdings in TJX Companies were worth $443,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Fairfield Bush & CO. purchased a new position in shares of TJX Companies in the 1st quarter valued at approximately $68,000. United Bank grew its stake in shares of TJX Companies by 9.2% in the 1st quarter. United Bank now owns 15,197 shares of the apparel and home fashions retailer’s stock valued at $921,000 after purchasing an additional 1,284 shares during the last quarter. AMI Investment Management Inc. purchased a new position in shares of TJX Companies in the 1st quarter valued at approximately $2,780,000. Cetera Investment Advisers grew its stake in shares of TJX Companies by 69.0% in the 1st quarter. Cetera Investment Advisers now owns 38,304 shares of the apparel and home fashions retailer’s stock valued at $2,320,000 after purchasing an additional 15,644 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in shares of TJX Companies by 10.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 4,396 shares of the apparel and home fashions retailer’s stock valued at $266,000 after purchasing an additional 398 shares during the last quarter. Hedge funds and other institutional investors own 91.30% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on TJX shares. Deutsche Bank Aktiengesellschaft lifted their target price on TJX Companies from $79.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, November 17th. Citigroup lifted their price target on TJX Companies from $86.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, November 17th. Barclays lifted their price target on TJX Companies from $76.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, November 18th. Cowen lifted their price target on TJX Companies from $84.00 to $85.00 in a research note on Tuesday, December 6th. Finally, JPMorgan Chase & Co. lifted their price target on TJX Companies from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, February 6th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $86.07.
TJX Companies Stock Performance
TJX Companies (NYSE:TJX – Get Rating) last announced its quarterly earnings data on Wednesday, February 22nd. The apparel and home fashions retailer reported $0.89 EPS for the quarter, meeting analysts’ consensus estimates of $0.89. The business had revenue of $14.52 billion during the quarter, compared to the consensus estimate of $14.07 billion. TJX Companies had a return on equity of 63.68% and a net margin of 7.00%. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.78 earnings per share. As a group, analysts predict that The TJX Companies, Inc. will post 3.51 earnings per share for the current fiscal year.
TJX Companies Profile
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.
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