Pinnacle Associates Ltd. trimmed its holdings in TJX Companies Inc (NYSE:TJX) by 47.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,007 shares of the apparel and home fashions retailer’s stock after selling 8,972 shares during the period. Pinnacle Associates Ltd.’s holdings in TJX Companies were worth $952,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TJX. Fort Washington Investment Advisors Inc. OH boosted its stake in TJX Companies by 0.4% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 480,647 shares of the apparel and home fashions retailer’s stock worth $39,202,000 after purchasing an additional 2,149 shares during the last quarter. HL Financial Services LLC boosted its stake in TJX Companies by 2.1% during the 1st quarter. HL Financial Services LLC now owns 1,239,640 shares of the apparel and home fashions retailer’s stock worth $101,105,000 after purchasing an additional 24,993 shares during the last quarter. FDx Advisors Inc. boosted its stake in TJX Companies by 11.5% during the 1st quarter. FDx Advisors Inc. now owns 64,930 shares of the apparel and home fashions retailer’s stock worth $5,296,000 after purchasing an additional 6,720 shares during the last quarter. Howland Capital Management LLC boosted its stake in TJX Companies by 0.6% during the 1st quarter. Howland Capital Management LLC now owns 214,913 shares of the apparel and home fashions retailer’s stock worth $17,528,000 after purchasing an additional 1,298 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in TJX Companies by 18.1% during the 1st quarter. Daiwa Securities Group Inc. now owns 27,700 shares of the apparel and home fashions retailer’s stock worth $2,259,000 after purchasing an additional 4,237 shares during the last quarter. 90.08% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have issued reports on TJX. Barclays began coverage on shares of TJX Companies in a research note on Tuesday, September 11th. They set an “equal weight” rating and a $117.00 target price on the stock. Goldman Sachs Group began coverage on shares of TJX Companies in a research note on Monday, September 3rd. They set a “buy” rating and a $126.00 target price on the stock. Credit Suisse Group lifted their target price on shares of TJX Companies from $100.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 22nd. MKM Partners set a $120.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a research note on Wednesday, August 22nd. Finally, Guggenheim reaffirmed a “buy” rating on shares of TJX Companies in a research note on Tuesday, August 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $104.92.

TJX traded down $0.21 on Friday, hitting $108.77. The company had a trading volume of 4,416,073 shares, compared to its average volume of 3,951,118. The firm has a market cap of $68.46 billion, a P/E ratio of 23.62, a price-to-earnings-growth ratio of 2.12 and a beta of 0.73. TJX Companies Inc has a 1 year low of $66.44 and a 1 year high of $111.91. The company has a current ratio of 1.64, a quick ratio of 0.77 and a debt-to-equity ratio of 0.43.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Tuesday, August 21st. The apparel and home fashions retailer reported $1.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.12. TJX Companies had a net margin of 7.88% and a return on equity of 58.66%. The company had revenue of $9.33 billion for the quarter, compared to analyst estimates of $8.99 billion. During the same period in the prior year, the firm earned $0.85 earnings per share. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. equities research analysts forecast that TJX Companies Inc will post 4.91 earnings per share for the current year.

TJX Companies Company 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, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

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

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