The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. boosted its position in The TJX Companies, Inc. (NYSE:TJX) by 50.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,000 shares of the apparel and home fashions retailer’s stock after buying an additional 16,162 shares during the period. TJX Companies makes up approximately 2.1% of Savoir Faire Capital Management L.P.’s investment portfolio, making the stock its 20th largest holding. Savoir Faire Capital Management L.P.’s holdings in TJX Companies were worth $5,285,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Valued Wealth Advisors LLC boosted its holdings in shares of TJX Companies by 260.3% in the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after acquiring an additional 177 shares during the last quarter. Richard W. Paul & Associates LLC acquired a new position in TJX Companies during the second quarter valued at $25,000. Frazier Financial Advisors LLC purchased a new stake in TJX Companies in the fourth quarter valued at $27,000. OFI Invest Asset Management acquired a new stake in TJX Companies during the 1st quarter worth about $30,000. Finally, AlphaMark Advisors LLC lifted its holdings 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 valued at $34,000 after buying an additional 122 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Price Performance

NYSE:TJX opened at $119.60 on Tuesday. The stock has a 50 day moving average of $114.48 and a two-hundred day moving average of $105.71. The TJX Companies, Inc. has a 12 month low of $86.71 and a 12 month high of $121.13. The firm has a market cap 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. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results 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. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The business’s revenue was up 5.6% on a year-over-year basis. On average, analysts expect that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Loop Capital lifted their price target on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Sanford C. Bernstein lifted their target price on shares of TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Robert W. Baird increased their price target on shares of TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Evercore ISI lifted their price objective on shares of TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Finally, Jefferies Financial Group upped their price objective on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $126.76.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was 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 of the company’s stock, valued at approximately $63,018,835.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

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.