Moors & Cabot Inc. Has $16.92 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Moors & Cabot Inc. lowered its stake in The TJX Companies, Inc. (NYSE:TJX) by 0.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 153,663 shares of the apparel and home fashions retailer’s stock after selling 1,129 shares during the quarter. TJX Companies makes up approximately 0.9% of Moors & Cabot Inc.’s investment portfolio, making the stock its 18th largest position. Moors & Cabot Inc.’s holdings in TJX Companies were worth $16,918,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Dearborn Partners LLC increased its stake in shares of TJX Companies by 4.0% in the 2nd quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer’s stock valued at $260,000 after purchasing an additional 90 shares during the last quarter. Wambolt & Associates LLC boosted its stake in TJX Companies by 1.4% in the second quarter. Wambolt & Associates LLC now owns 6,791 shares of the apparel and home fashions retailer’s stock valued at $751,000 after buying an additional 94 shares in the last quarter. Armbruster Capital Management Inc. grew its position in TJX Companies by 4.9% in the second quarter. Armbruster Capital Management Inc. now owns 2,097 shares of the apparel and home fashions retailer’s stock valued at $231,000 after acquiring an additional 97 shares during the last quarter. Aprio Wealth Management LLC raised its stake in TJX Companies by 4.8% during the second quarter. Aprio Wealth Management LLC now owns 2,176 shares of the apparel and home fashions retailer’s stock worth $240,000 after acquiring an additional 99 shares in the last quarter. Finally, Mcdonald Partners LLC lifted its holdings in shares of TJX Companies by 4.4% in the second quarter. Mcdonald Partners LLC now owns 2,344 shares of the apparel and home fashions retailer’s stock worth $258,000 after acquiring an additional 99 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

TJX has been the topic of several research reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $128.00 price target on shares of TJX Companies in a report on Wednesday, August 21st. Sanford C. Bernstein boosted their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Barclays increased their price target on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on TJX Companies in a research report on Tuesday, May 21st. Finally, StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and an average price target of $126.76.

Insider Activity

In related news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the completion of the sale, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by company insiders.

TJX Companies Stock Down 0.2 %

Shares of NYSE TJX opened at $119.60 on Tuesday. The TJX Companies, Inc. has a 52-week low of $86.71 and a 52-week high of $121.13. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The company’s 50 day moving average price is $114.48 and its 200-day moving average price is $105.71. The company has a market capitalization of $135.17 billion, a P/E ratio of 29.68, a price-to-earnings-growth ratio of 2.99 and a beta of 0.89.

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, beating the consensus estimate of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. During the same quarter in the previous year, the business earned $0.85 earnings per share. TJX Companies’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities analysts forecast that The TJX Companies, Inc. will post 4.15 earnings per share for the current 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.