IFM Investors Pty Ltd Boosts Stake in TJX Companies Inc (NYSE:TJX)

IFM Investors Pty Ltd lifted its holdings in TJX Companies Inc (NYSE:TJX) by 10.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,821 shares of the apparel and home fashions retailer’s stock after buying an additional 9,700 shares during the period. IFM Investors Pty Ltd’s holdings in TJX Companies were worth $5,499,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. Creative Financial Designs Inc. ADV purchased a new position in TJX Companies during the second quarter worth about $26,000. Jackson Square Capital LLC raised its stake in TJX Companies by 63.7% during the second quarter. Jackson Square Capital LLC now owns 596 shares of the apparel and home fashions retailer’s stock worth $30,000 after purchasing an additional 232 shares during the period. Truvestments Capital LLC raised its stake in TJX Companies by 293.8% during the second quarter. Truvestments Capital LLC now owns 634 shares of the apparel and home fashions retailer’s stock worth $31,000 after purchasing an additional 473 shares during the period. Prestige Wealth Management Group LLC raised its stake in TJX Companies by 46.0% during the first quarter. Prestige Wealth Management Group LLC now owns 844 shares of the apparel and home fashions retailer’s stock worth $40,000 after purchasing an additional 266 shares during the period. Finally, TRUE Private Wealth Advisors raised its stake in TJX Companies by 33.4% during the second quarter. TRUE Private Wealth Advisors now owns 1,465 shares of the apparel and home fashions retailer’s stock worth $74,000 after purchasing an additional 367 shares during the period. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Kenneth Canestrari sold 22,200 shares of the company’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $55.55, for a total value of $1,233,210.00. Following the completion of the transaction, the executive vice president now owns 122,347 shares in the company, valued at approximately $6,796,375.85. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.18% of the company’s stock.

NYSE TJX traded down $0.76 on Friday, hitting $56.65. 6,839,281 shares of the stock were exchanged, compared to its average volume of 8,306,869. The company has a quick ratio of 1.02, a current ratio of 1.51 and a debt-to-equity ratio of 1.17. TJX Companies Inc has a fifty-two week low of $32.72 and a fifty-two week high of $64.95. The company has a market cap of $67.93 billion, a PE ratio of 99.39, a PEG ratio of 29.19 and a beta of 0.74. The company has a 50-day moving average price of $55.73 and a 200-day moving average price of $52.34.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.08). TJX Companies had a return on equity of 13.62% and a net margin of 2.11%. The firm had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same quarter last year, the firm earned $0.62 EPS. The company’s revenue was down 31.8% on a year-over-year basis. As a group, equities research analysts predict that TJX Companies Inc will post 0.18 EPS for the current fiscal year.

TJX has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of TJX Companies from a “hold” rating to a “sell” rating and set a $50.00 price target on the stock. in a research note on Tuesday, August 18th. MKM Partners reduced their price target on shares of TJX Companies from $68.00 to $64.00 in a research note on Thursday, August 20th. UBS Group boosted their price target on shares of TJX Companies from $52.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. boosted their price target on shares of TJX Companies from $63.00 to $66.00 and gave the company an “overweight” rating in a research note on Friday, September 18th. Finally, Telsey Advisory Group boosted their price target on shares of TJX Companies from $64.00 to $68.00 and gave the company an “outperform” rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. TJX Companies currently has an average rating of “Buy” and a consensus price target of $63.81.

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

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