Tower Wealth Partners Inc. Invests $260,000 in The TJX Companies, Inc. (NYSE:TJX)

Tower Wealth Partners Inc. acquired a new stake in The TJX Companies, Inc. (NYSE:TJX) during the second quarter, according to its most recent filing with the SEC. The firm acquired 2,365 shares of the apparel and home fashions retailer’s stock, valued at approximately $260,000.

Other institutional investors also recently bought and sold shares of the company. Aveo Capital Partners LLC raised its holdings in TJX Companies by 6.0% during the fourth quarter. Aveo Capital Partners LLC now owns 3,568 shares of the apparel and home fashions retailer’s stock worth $335,000 after purchasing an additional 203 shares in the last quarter. 9258 Wealth Management LLC increased its position in TJX Companies by 36.6% during the 4th quarter. 9258 Wealth Management LLC now owns 13,515 shares of the apparel and home fashions retailer’s stock worth $1,268,000 after purchasing an additional 3,624 shares during the period. Gryphon Financial Partners LLC raised its stake in shares of TJX Companies by 35.9% during the 4th quarter. Gryphon Financial Partners LLC now owns 2,908 shares of the apparel and home fashions retailer’s stock worth $249,000 after buying an additional 768 shares in the last quarter. Hillsdale Investment Management Inc. lifted its holdings in shares of TJX Companies by 65.5% in the 4th quarter. Hillsdale Investment Management Inc. now owns 9,300 shares of the apparel and home fashions retailer’s stock valued at $872,000 after buying an additional 3,680 shares during the period. Finally, Balentine LLC boosted its stake in shares of TJX Companies by 12.3% in the fourth quarter. Balentine LLC now owns 15,723 shares of the apparel and home fashions retailer’s stock valued at $1,475,000 after buying an additional 1,720 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TJX has been the subject of several research analyst reports. Wells Fargo & Company increased their price objective on TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 22nd. UBS Group raised their price objective on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. TD Cowen upped their target price on shares of TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Telsey Advisory Group reiterated an “outperform” rating and set a $128.00 price target on shares of TJX Companies in a research report on Wednesday, August 21st. Finally, Bank of America boosted their price target on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.

TJX Companies Stock Down 0.2 %

TJX stock opened at $119.60 on Tuesday. The company has a 50 day moving average price of $114.48 and a two-hundred day moving average price of $105.71. 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 stock has a market capitalization of $135.17 billion, a P/E ratio of 29.68, a PEG ratio of 2.99 and a beta of 0.89. The TJX Companies, Inc. has a one year low of $86.71 and a one year high of $121.13.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS 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 business had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. During the same quarter in the previous year, the business earned $0.85 earnings per share. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 4.15 EPS for the current year.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.13% of the company’s stock.

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.