Trexquant Investment LP purchased a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 31,449 shares of the apparel and home fashions retailer’s stock, valued at approximately $1,750,000.
A number of other institutional investors have also made changes to their positions in the business. MAI Capital Management increased its stake in shares of The TJX Companies by 18.6% in the third quarter. MAI Capital Management now owns 11,699 shares of the apparel and home fashions retailer’s stock worth $651,000 after purchasing an additional 1,838 shares in the last quarter. Davy Global Fund Management Ltd boosted its position in shares of The TJX Companies by 26.4% in the third quarter. Davy Global Fund Management Ltd now owns 59,175 shares of the apparel and home fashions retailer’s stock valued at $3,293,000 after acquiring an additional 12,376 shares during the period. Independent Advisor Alliance boosted its position in shares of The TJX Companies by 25.9% in the second quarter. Independent Advisor Alliance now owns 11,245 shares of the apparel and home fashions retailer’s stock valued at $569,000 after acquiring an additional 2,310 shares during the period. Calamos Advisors LLC boosted its position in shares of The TJX Companies by 44.4% in the second quarter. Calamos Advisors LLC now owns 607,145 shares of the apparel and home fashions retailer’s stock valued at $30,697,000 after acquiring an additional 186,761 shares during the period. Finally, MUFG Securities EMEA plc bought a new stake in shares of The TJX Companies in the second quarter valued at approximately $21,842,000. 89.96% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently commented on TJX. JPMorgan Chase & Co. upped their target price on The TJX Companies from $63.00 to $66.00 and gave the company an “overweight” rating in a research note on Friday, September 18th. Bank of America restated a “buy” rating and issued a $70.00 target price on shares of The TJX Companies in a research note on Tuesday, November 10th. Deutsche Bank Aktiengesellschaft upped their target price on The TJX Companies from $61.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday. UBS Group upped their target price on The TJX Companies from $52.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Finally, Zacks Investment Research upgraded The TJX Companies from a “sell” rating to a “hold” rating and set a $64.00 target price for the company in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $65.19.
Shares of NYSE:TJX opened at $59.63 on Monday. The company has a market capitalization of $71.50 billion, a P/E ratio of 104.62, a P/E/G ratio of 29.72 and a beta of 0.73. The TJX Companies, Inc. has a 1 year low of $32.72 and a 1 year high of $64.95. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.51 and a quick ratio of 1.02. The business’s 50 day simple moving average is $55.76 and its 200 day simple moving average is $53.51.
The TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.08). The company had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.58 billion. The TJX Companies had a return on equity of 13.62% and a net margin of 2.11%. The company’s quarterly revenue was down 31.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.62 EPS. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 0.18 EPS for the current fiscal year.
In related news, EVP Kenneth Canestrari sold 22,200 shares of the firm’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $55.55, for a total transaction of $1,233,210.00. Following the transaction, the executive vice president now directly owns 122,347 shares of the company’s stock, valued at approximately $6,796,375.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.18% of the company’s stock.
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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