Alpha Financial Partners LLC Purchases 316 Shares of The TJX Companies, Inc. (NYSE:TJX)

Alpha Financial Partners LLC raised its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 8.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,222 shares of the apparel and home fashions retailer’s stock after purchasing an additional 316 shares during the quarter. Alpha Financial Partners LLC’s holdings in TJX Companies were worth $465,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Valued Wealth Advisors LLC grew its position 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 buying an additional 177 shares during the period. Richard W. Paul & Associates LLC purchased a new position in shares of TJX Companies during the 2nd quarter worth $25,000. Frazier Financial Advisors LLC bought a new stake in shares of TJX Companies during the 4th quarter valued at $27,000. OFI Invest Asset Management purchased a new stake in shares of TJX Companies in the 1st quarter worth $30,000. Finally, AlphaMark Advisors LLC increased its stake in shares of TJX Companies by 58.4% in the 1st quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock worth $34,000 after purchasing an additional 122 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TJX. Telsey Advisory Group reissued an “outperform” rating and set a $128.00 price target on shares of TJX Companies in a report on Wednesday, August 21st. Wells Fargo & Company boosted their price objective on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. BMO Capital Markets raised their target price on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft set a $114.00 price target on shares of TJX Companies in a research report on Tuesday, May 21st. Finally, Robert W. Baird increased their price objective on shares of TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and an average target price of $126.76.

TJX Companies Trading Down 0.2 %

Shares of TJX Companies stock opened at $119.60 on Tuesday. 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 firm has a market cap of $135.17 billion, a price-to-earnings ratio of 29.68, a PEG ratio of 2.99 and a beta of 0.89. The TJX Companies, Inc. has a twelve month low of $86.71 and a twelve month high of $121.13. The business has a 50-day moving average price of $114.48 and a 200-day moving average price of $105.71.

TJX Companies (NYSE:TJX) last released its quarterly earnings data 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. The business had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the sale, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.13% of the stock is owned by company insiders.

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.