AMJ Financial Wealth Management Has $11.19 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

AMJ Financial Wealth Management lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 101,639 shares of the apparel and home fashions retailer’s stock after selling 146 shares during the quarter. TJX Companies makes up 3.5% of AMJ Financial Wealth Management’s portfolio, making the stock its 2nd biggest position. AMJ Financial Wealth Management’s holdings in TJX Companies were worth $11,190,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank purchased a new stake in TJX Companies in the fourth quarter worth $1,193,438,000. Price T Rowe Associates Inc. MD grew its stake in TJX Companies by 35.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock worth $1,249,237,000 after purchasing an additional 3,255,849 shares during the period. PineStone Asset Management Inc. grew its stake in shares of TJX Companies by 134.2% in the second quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock worth $602,004,000 after acquiring an additional 3,132,960 shares during the last quarter. Los Angeles Capital Management LLC grew its stake in shares of TJX Companies by 80.6% in the second quarter. Los Angeles Capital Management LLC now owns 2,943,176 shares of the apparel and home fashions retailer’s stock worth $324,044,000 after acquiring an additional 1,313,517 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of TJX Companies by 1.3% in the first 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 acquiring an additional 1,269,792 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 a number of recent research reports. Bank of America increased their target price on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Sanford C. Bernstein increased their price objective on TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and increased their price objective for the company from $110.00 to $128.00 in a research report on Thursday, August 22nd. Robert W. Baird increased their price objective on TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Finally, Morgan Stanley increased their target price on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and a consensus target price of $126.76.

TJX Companies Price Performance

Shares of NYSE TJX traded up $0.72 during mid-day trading on Tuesday, reaching $117.79. 32,282 shares of the company traded hands, compared to its average volume of 5,399,566. The TJX Companies, Inc. has a fifty-two week low of $86.71 and a fifty-two week high of $121.13. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The firm has a market cap of $132.85 billion, a PE ratio of 29.04, a price-to-earnings-growth ratio of 2.92 and a beta of 0.89. The stock has a fifty day simple moving average of $113.71 and a 200-day simple moving average of $105.05.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The company had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

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.