The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Wilkinson Global Asset Management LLC

Wilkinson Global Asset Management LLC cut its position in The TJX Companies, Inc. (NYSE:TJX) by 1.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,108,824 shares of the apparel and home fashions retailer’s stock after selling 14,918 shares during the period. TJX Companies makes up 7.6% of Wilkinson Global Asset Management LLC’s holdings, making the stock its 2nd largest position. Wilkinson Global Asset Management LLC owned approximately 0.10% of TJX Companies worth $122,082,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of TJX. Vanguard Group Inc. raised its holdings in shares of TJX Companies by 1.3% during the first quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer’s stock worth $9,886,073,000 after purchasing an additional 1,269,792 shares during the last quarter. Royal Bank of Canada grew its position in TJX Companies by 7.9% during the 4th quarter. Royal Bank of Canada now owns 14,219,312 shares of the apparel and home fashions retailer’s stock worth $1,333,913,000 after purchasing an additional 1,046,148 shares during the period. Janus Henderson Group PLC grew its position in TJX Companies by 2.7% during the 1st quarter. Janus Henderson Group PLC now owns 13,226,465 shares of the apparel and home fashions retailer’s stock worth $1,341,392,000 after purchasing an additional 346,938 shares during the period. Norges Bank purchased a new position in shares of TJX Companies during the 4th quarter valued at about $1,193,438,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of TJX Companies by 35.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock valued at $1,249,237,000 after buying an additional 3,255,849 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on TJX. Robert W. Baird raised their target price on TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. TD Cowen raised their price objective on shares of TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Wells Fargo & Company boosted their target price on shares of TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. StockNews.com downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Bank of America lifted their price objective on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $126.76.

TJX Companies Price Performance

Shares of TJX Companies stock traded down $2.39 during mid-day trading on Friday, reaching $115.62. 4,827,263 shares of the stock traded hands, compared to its average volume of 5,428,720. The stock has a market capitalization of $130.67 billion, a PE ratio of 28.69, a PEG ratio of 2.97 and a beta of 0.89. The business has a 50-day moving average of $113.58 and a 200 day moving average of $104.88. The TJX Companies, Inc. has a fifty-two week low of $86.71 and a fifty-two week high of $121.13. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating 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 company had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. During the same quarter last year, the firm posted $0.85 EPS. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, analysts predict that The TJX Companies, Inc. will post 4.15 EPS for the current year.

TJX Companies Company 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.