Sound Income Strategies LLC lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX – Get Rating) by 210.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,074 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,406 shares during the quarter. Sound Income Strategies LLC’s holdings in TJX Companies were worth $165,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Ontario Teachers Pension Plan Board bought a new stake in shares of TJX Companies during the 1st quarter worth about $408,331,000. FMR LLC raised its holdings in TJX Companies by 22.0% during the second quarter. FMR LLC now owns 32,148,799 shares of the apparel and home fashions retailer’s stock worth $1,795,510,000 after purchasing an additional 5,804,572 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in TJX Companies by 25.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 20,320,455 shares of the apparel and home fashions retailer’s stock worth $1,134,897,000 after purchasing an additional 4,081,241 shares during the period. Renaissance Technologies LLC bought a new position in TJX Companies during the 1st quarter valued at $116,429,000. Finally, Third Point LLC acquired a new position in shares of TJX Companies during the 3rd quarter valued at $108,710,000. Institutional investors and hedge funds own 91.30% of the company’s stock.
Shares of TJX Companies stock opened at $74.48 on Friday. The TJX Companies, Inc. has a 1 year low of $53.69 and a 1 year high of $83.13. The company has a market cap of $86.06 billion, a P/E ratio of 24.99, a P/E/G ratio of 2.03 and a beta of 0.91. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 0.45. The stock has a 50-day moving average price of $79.15 and a 200 day moving average price of $74.36.
TJX Companies (NYSE:TJX – Get Rating) last posted its quarterly earnings results on Wednesday, February 22nd. The apparel and home fashions retailer reported $0.89 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.89. TJX Companies had a net margin of 7.00% and a return on equity of 63.68%. The business had revenue of $14.52 billion during the quarter, compared to analyst estimates of $14.07 billion. During the same period in the prior year, the firm earned $0.78 earnings per share. The firm’s revenue was up 4.8% compared to the same quarter last year. As a group, analysts expect that The TJX Companies, Inc. will post 3.51 EPS for the current fiscal year.
Several analysts have recently weighed in on TJX shares. JPMorgan Chase & Co. upped their price objective on TJX Companies from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Monday, February 6th. Cowen raised their price objective on shares of TJX Companies from $84.00 to $85.00 in a research report on Tuesday, December 6th. StockNews.com began coverage on shares of TJX Companies in a research note on Thursday. They issued a “buy” rating on the stock. Telsey Advisory Group reissued an “outperform” rating and set a $95.00 target price on shares of TJX Companies in a research note on Thursday, February 23rd. Finally, Wells Fargo & Company lifted their price target on shares of TJX Companies from $74.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 1st. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $86.07.
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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