Werba Rubin Papier Wealth Management Acquires New Position in The TJX Companies, Inc. (NYSE:TJX)

Werba Rubin Papier Wealth Management acquired a new stake in The TJX Companies, Inc. (NYSE:TJX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,029 shares of the apparel and home fashions retailer’s stock, valued at approximately $223,000.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of TJX Companies by 1.3% in the 1st 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 lifted its stake in TJX Companies by 7.9% in the fourth quarter. Royal Bank of Canada now owns 14,219,312 shares of the apparel and home fashions retailer’s stock valued at $1,333,913,000 after buying an additional 1,046,148 shares during the period. Janus Henderson Group PLC boosted its holdings in TJX Companies by 2.7% during the first 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 buying an additional 346,938 shares during the last quarter. Norges Bank bought a new stake in shares of TJX Companies in the 4th quarter valued at about $1,193,438,000. Finally, Price T Rowe Associates Inc. MD raised its position 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 acquiring an additional 3,255,849 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on TJX shares. Wells Fargo & Company upped 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. TD Cowen upped their price objective on shares of TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. UBS Group lifted their target price on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Telsey Advisory Group restated an “outperform” rating and issued a $128.00 price target on shares of TJX Companies in a report on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft set a $114.00 price objective on TJX Companies in a report on Tuesday, May 21st. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $126.76.

TJX Companies Stock Down 2.0 %

TJX traded down $2.39 during trading hours on Friday, hitting $115.62. 4,827,263 shares of the company’s stock were exchanged, compared to its average volume of 5,428,720. The company has a quick ratio of 0.60, a current ratio of 1.21 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. The stock’s 50-day moving average is $113.58 and its two-hundred day moving average is $104.88. The stock has a market cap of $130.67 billion, a price-to-earnings ratio of 28.69, a PEG ratio of 2.97 and a beta of 0.89.

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 the consensus estimate of $0.92 by $0.04. The company had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. TJX Companies’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.85 EPS. Sell-side analysts predict that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

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.