Crumly & Associates Inc. Sells 3,191 Shares of The TJX Companies, Inc. (NYSE:TJX)

Crumly & Associates Inc. trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 55.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,611 shares of the apparel and home fashions retailer’s stock after selling 3,191 shares during the period. Crumly & Associates Inc.’s holdings in TJX Companies were worth $287,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TJX. Valued Wealth Advisors LLC raised its holdings in TJX Companies by 260.3% during the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after acquiring an additional 177 shares during the period. Richard W. Paul & Associates LLC purchased a new stake in shares of TJX Companies during the second quarter worth about $25,000. Frazier Financial Advisors LLC bought a new stake in TJX Companies during the 4th quarter valued at approximately $27,000. First Pacific Financial purchased a new position in TJX Companies in the 1st quarter worth approximately $29,000. Finally, OFI Invest Asset Management bought a new position in TJX Companies in the 1st quarter worth approximately $30,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Down 0.9 %

Shares of NYSE:TJX traded down $1.00 on Thursday, reaching $116.52. The company had a trading volume of 821,322 shares, compared to its average volume of 5,405,534. The TJX Companies, Inc. has a 52-week low of $86.71 and a 52-week high of $121.13. The firm’s 50 day simple moving average is $113.32 and its 200-day simple moving average is $104.61. The firm has a market capitalization of $131.69 billion, a PE ratio of 29.16, a PEG ratio of 2.96 and a beta of 0.89. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37.

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

Analyst Ratings Changes

Several research firms have recently commented on TJX. Evercore ISI boosted their target price on shares of TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Morgan Stanley lifted their target price on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. TD Cowen upped their price objective on TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and raised their target price for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Finally, Loop Capital upped their price target on shares of TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and an average price target of $126.76.

About TJX Companies

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.