Wambolt & Associates LLC Purchases 94 Shares of The TJX Companies, Inc. (NYSE:TJX)

Wambolt & Associates LLC increased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 6,791 shares of the apparel and home fashions retailer’s stock after purchasing an additional 94 shares during the quarter. Wambolt & Associates LLC’s holdings in TJX Companies were worth $751,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Valued Wealth Advisors LLC grew its holdings in TJX Companies by 260.3% during the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after acquiring an additional 177 shares during the period. Richard W. Paul & Associates LLC acquired a new stake in shares of TJX Companies during the second quarter worth $25,000. Frazier Financial Advisors LLC acquired a new stake in shares of TJX Companies during the fourth quarter worth $27,000. OFI Invest Asset Management bought a new stake in TJX Companies in the first quarter valued at about $30,000. Finally, AlphaMark Advisors LLC lifted its stake in TJX Companies by 58.4% in the first quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock valued at $34,000 after buying an additional 122 shares during the period. Institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the sale, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TJX shares. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $128.00 price target on shares of TJX Companies in a research note on Wednesday, August 21st. Citigroup cut shares of TJX Companies from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $110.00 to $128.00 in a research report on Thursday, August 22nd. BMO Capital Markets upped their price objective on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Sanford C. Bernstein raised their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Finally, TD Cowen boosted their target price on TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.76.

TJX Companies Trading Up 0.0 %

Shares of NYSE:TJX opened at $117.85 on Thursday. The company’s 50-day moving average price is $114.01 and its two-hundred day moving average price is $105.27. The TJX Companies, Inc. has a one year low of $86.71 and a one year high of $121.13. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The stock has a market capitalization of $133.19 billion, a PE ratio of 29.24, a price-to-earnings-growth ratio of 2.92 and a beta of 0.89.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. The firm had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 earnings per share. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. 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, and gourmet food departments; jewelry and accessories; and other merchandise.