Columbia Asset Management Has $377,000 Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Columbia Asset Management raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 17.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 3,424 shares of the apparel and home fashions retailer’s stock after buying an additional 502 shares during the quarter. Columbia Asset Management’s holdings in TJX Companies were worth $377,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Running Oak Capital LLC raised its holdings in TJX Companies by 10.9% in the 1st quarter. Running Oak Capital LLC now owns 111,987 shares of the apparel and home fashions retailer’s stock valued at $11,358,000 after acquiring an additional 11,036 shares in the last quarter. New Mexico Educational Retirement Board lifted its position in shares of TJX Companies by 15.9% during the 1st quarter. New Mexico Educational Retirement Board now owns 69,380 shares of the apparel and home fashions retailer’s stock worth $7,037,000 after buying an additional 9,500 shares during the last quarter. Options Solutions LLC bought a new stake in shares of TJX Companies during the 4th quarter worth $726,000. Advisors Capital Management LLC lifted its position in shares of TJX Companies by 3.7% during the 1st quarter. Advisors Capital Management LLC now owns 572,324 shares of the apparel and home fashions retailer’s stock worth $58,045,000 after buying an additional 20,629 shares during the last quarter. Finally, Ethos Financial Group LLC bought a new stake in shares of TJX Companies during the 4th quarter worth $269,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on TJX shares. StockNews.com downgraded TJX Companies from a “buy” rating to a “hold” rating in a research report on Thursday, August 29th. Morgan Stanley upped their price objective on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Jefferies Financial Group upped their price objective on TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $128.00 target price on shares of TJX Companies in a report on Wednesday, August 21st. Finally, Bank of America upped their target price on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $126.76.

TJX Companies Trading Up 0.4 %

Shares of TJX stock opened at $118.01 on Friday. The stock has a market cap of $133.10 billion, a price-to-earnings ratio of 29.28, a PEG ratio of 2.97 and a beta of 0.89. The stock has a 50-day moving average of $113.47 and a 200-day moving average of $104.70. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The TJX Companies, Inc. has a 1-year low of $86.71 and a 1-year high of $121.13.

TJX Companies (NYSE:TJX) last released its 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 during the quarter, compared to the consensus estimate of $13.31 billion. During the same period last year, the business posted $0.85 earnings per share. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, equities research analysts forecast that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Profile

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.