Earnest Partners LLC Boosts Stake in TJX Companies Inc (NYSE:TJX)

Earnest Partners LLC raised its holdings in shares of TJX Companies Inc (NYSE:TJX) by 5.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,653,368 shares of the apparel and home fashions retailer’s stock after acquiring an additional 89,691 shares during the period. Earnest Partners LLC’s holdings in TJX Companies were worth $87,430,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of TJX. Krane Funds Advisors LLC purchased a new position in shares of TJX Companies in the 2nd quarter worth about $25,000. CSU Producer Resources Inc. purchased a new position in shares of TJX Companies in the 1st quarter worth about $27,000. Capital Advisors Ltd. LLC boosted its holdings in shares of TJX Companies by 202.6% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 587 shares of the apparel and home fashions retailer’s stock worth $31,000 after purchasing an additional 393 shares in the last quarter. Lenox Wealth Management Inc. boosted its holdings in shares of TJX Companies by 92.0% in the 1st quarter. Lenox Wealth Management Inc. now owns 626 shares of the apparel and home fashions retailer’s stock worth $33,000 after purchasing an additional 300 shares in the last quarter. Finally, Manchester Financial Inc. purchased a new position in shares of TJX Companies in the 2nd quarter worth about $37,000. Institutional investors and hedge funds own 89.48% of the company’s stock.

TJX has been the subject of a number of research reports. Credit Suisse Group upped their price objective on TJX Companies from $55.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, May 22nd. MKM Partners set a $62.00 price objective on TJX Companies and gave the stock a “buy” rating in a report on Wednesday, August 21st. Loop Capital upgraded TJX Companies from a “hold” rating to a “buy” rating and upped their price objective for the stock from $50.00 to $60.00 in a report on Friday, August 16th. Zacks Investment Research raised TJX Companies from a “sell” rating to a “hold” rating and set a $58.00 target price for the company in a research note on Monday, September 2nd. Finally, Cowen set a $62.00 target price on TJX Companies and gave the company a “buy” rating in a research note on Tuesday, August 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $59.35.

TJX opened at $57.07 on Friday. The business has a 50 day simple moving average of $53.83 and a two-hundred day simple moving average of $53.32. The firm has a market capitalization of $68.81 billion, a price-to-earnings ratio of 27.05, a PEG ratio of 2.06 and a beta of 0.68. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.25 and a quick ratio of 0.48. TJX Companies Inc has a one year low of $41.49 and a one year high of $57.31.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 EPS for the quarter, meeting analysts’ consensus estimates of $0.62. TJX Companies had a return on equity of 57.64% and a net margin of 7.66%. The business had revenue of $9.78 billion during the quarter, compared to analyst estimates of $9.89 billion. During the same quarter in the prior year, the company posted $1.17 EPS. TJX Companies’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, sell-side analysts expect that TJX Companies Inc will post 2.61 EPS for the current fiscal year.

TJX Companies Profile

The TJX Companies, Inc 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; jewelry and accessories; footwear; and other merchandise.

Further Reading: What is the return on assets (ROA) ratio?

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

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