Aevitas Wealth Management Inc. lowered its position in The TJX Companies, Inc. (NYSE:TJX) by 1.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,982 shares of the apparel and home fashions retailer’s stock after selling 200 shares during the period. Aevitas Wealth Management Inc.’s holdings in The TJX Companies were worth $667,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of TJX. Creative Financial Designs Inc. ADV bought a new stake in shares of The TJX Companies in the second quarter worth about $26,000. Jackson Square Capital LLC raised its position in The TJX Companies by 63.7% in the 2nd 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 lifted its stake in The TJX Companies by 293.8% in 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 last quarter. Cerebellum GP LLC bought a new stake in The TJX Companies in the third quarter worth about $66,000. Finally, TRUE Private Wealth Advisors boosted its position in shares of The 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 valued at $74,000 after buying an additional 367 shares during the period. 89.96% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently issued reports on the company. MKM Partners dropped their price objective on The TJX Companies from $68.00 to $64.00 in a report on Thursday, August 20th. Zacks Investment Research lowered shares of The TJX Companies from a “hold” rating to a “sell” rating and set a $50.00 target price for the company. in a research note on Tuesday, August 18th. UBS Group raised their price target on shares of The TJX Companies from $52.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. lifted their price objective on shares of The TJX Companies from $63.00 to $66.00 and gave the company an “overweight” rating in a report on Friday, September 18th. Finally, Telsey Advisory Group upped their target price on shares of The TJX Companies from $64.00 to $68.00 and gave the stock an “outperform” rating in a research note on Monday, August 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $63.81.
Shares of The TJX Companies stock traded up $1.00 on Friday, reaching $57.02. The stock had a trading volume of 4,750,262 shares, compared to its average volume of 5,350,620. The company has a quick ratio of 1.02, a current ratio of 1.51 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $68.37 billion, a P/E ratio of 100.04, a P/E/G ratio of 29.72 and a beta of 0.73. The company has a 50 day moving average price of $55.83 and a 200 day moving average price of $52.71. The TJX Companies, Inc. has a 1 year low of $32.72 and a 1 year high of $64.95.
The TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.08). The firm had revenue of $6.67 billion during the quarter, compared to analyst estimates of $6.58 billion. The TJX Companies had a net margin of 2.11% and a return on equity of 13.62%. The TJX Companies’s revenue was down 31.8% on a year-over-year basis. During the same quarter last year, the business earned $0.62 earnings per share. On average, analysts forecast that The TJX Companies, Inc. will post 0.18 earnings per share for the current fiscal year.
About The TJX Companies
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; fine jewelry and accessories; and other merchandise.
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