Executive Wealth Management LLC Increases Position in The TJX Companies, Inc. (NYSE:TJX)

Executive Wealth Management LLC lifted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 10.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,802 shares of the apparel and home fashions retailer’s stock after purchasing an additional 949 shares during the period. Executive Wealth Management LLC’s holdings in The TJX Companies were worth $545,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of TJX. Creative Financial Designs Inc. ADV acquired a new stake in The TJX Companies in the 2nd quarter worth about $26,000. Jackson Square Capital LLC boosted its holdings 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 buying an additional 232 shares during the last quarter. Truvestments Capital LLC boosted its holdings in The TJX Companies by 293.8% in the 2nd quarter. Truvestments Capital LLC now owns 634 shares of the apparel and home fashions retailer’s stock worth $31,000 after buying an additional 473 shares during the last quarter. Cerebellum GP LLC acquired a new stake in The TJX Companies in the 3rd quarter worth about $66,000. Finally, TRUE Private Wealth Advisors boosted its holdings in The TJX Companies by 33.4% in the 2nd quarter. TRUE Private Wealth Advisors now owns 1,465 shares of the apparel and home fashions retailer’s stock worth $74,000 after buying an additional 367 shares during the last quarter. Institutional investors own 89.96% of the company’s stock.

NYSE:TJX traded down $1.84 during trading hours on Monday, hitting $55.18. The company’s stock had a trading volume of 110,910 shares, compared to its average volume of 8,175,601. The stock has a market capitalization of $68.37 billion, a P/E ratio of 100.04, a price-to-earnings-growth ratio of 29.72 and a beta of 0.73. The stock has a fifty day moving average of $55.83 and a 200-day moving average of $52.71. The company has a current ratio of 1.51, a quick ratio of 1.02 and a debt-to-equity ratio of 1.17. The TJX Companies, Inc. has a 52-week low of $32.72 and a 52-week high of $64.95.

The TJX Companies (NYSE:TJX) last posted its 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). The business had revenue of $6.67 billion during the quarter, compared to analysts’ expectations of $6.58 billion. The TJX Companies had a net margin of 2.11% and a return on equity of 13.62%. The business’s quarterly revenue was down 31.8% compared to the same quarter last year. During the same period last year, the company earned $0.62 EPS. On average, sell-side analysts forecast that The TJX Companies, Inc. will post 0.18 earnings per share for the current year.

In related news, EVP Kenneth Canestrari sold 22,200 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $55.55, for a total value of $1,233,210.00. Following the transaction, the executive vice president now owns 122,347 shares of the company’s stock, valued at $6,796,375.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.18% of the company’s stock.

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on The TJX Companies from $63.00 to $66.00 and gave the stock an “overweight” rating in a report on Friday, September 18th. Telsey Advisory Group boosted their target price on The TJX Companies from $64.00 to $68.00 and gave the stock an “outperform” rating in a report on Monday, August 17th. UBS Group boosted their target price on The TJX Companies from $52.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. MKM Partners lowered their target price on The TJX Companies from $68.00 to $64.00 in a report on Thursday, August 20th. Finally, Zacks Investment Research cut The TJX Companies from a “hold” rating to a “sell” rating and set a $50.00 target price on the stock. in a report on Tuesday, August 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. The TJX Companies presently has an average rating of “Buy” and an average target price of $63.81.

The TJX Companies Company Profile

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

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