Coldstream Capital Management Inc. Acquires 1,061 Shares of The TJX Companies, Inc. (NYSE:TJX)

Coldstream Capital Management Inc. grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 67,114 shares of the apparel and home fashions retailer’s stock after acquiring an additional 1,061 shares during the period. Coldstream Capital Management Inc.’s holdings in TJX Companies were worth $7,389,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Dearborn Partners LLC raised its stake in shares of TJX Companies by 4.0% during the second quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer’s stock valued at $260,000 after acquiring an additional 90 shares during the last quarter. Armbruster Capital Management Inc. raised its stake in shares of TJX Companies by 4.9% during 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 buying an additional 99 shares during the last quarter. Mcdonald Partners LLC raised its stake in TJX Companies by 4.4% during the second quarter. Mcdonald Partners LLC now owns 2,344 shares of the apparel and home fashions retailer’s stock worth $258,000 after buying an additional 99 shares during the last quarter. Finally, M3 Advisory Group LLC raised its stake in TJX Companies by 4.1% during the second quarter. M3 Advisory Group LLC now owns 2,520 shares of the apparel and home fashions retailer’s stock worth $277,000 after buying an additional 99 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX stock opened at $117.07 on Tuesday. The firm has a market cap of $132.04 billion, a price-to-earnings ratio of 29.04, a P/E/G ratio of 2.92 and a beta of 0.89. 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 TJX Companies, Inc. has a 52 week low of $86.71 and a 52 week high of $121.13. The firm’s 50-day simple moving average is $113.71 and its two-hundred day simple moving average is $105.05.

TJX Companies (NYSE:TJX) last posted its quarterly 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 company 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 firm posted $0.85 earnings per share. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. As a group, equities analysts forecast that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TJX. BMO Capital Markets lifted 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. Barclays lifted their target price on shares of TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Wells Fargo & Company lifted their target price on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 22nd. StockNews.com downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Citigroup cut shares of TJX Companies from a “buy” rating to a “neutral” rating and raised their price target for the stock from $110.00 to $128.00 in a report on Thursday, August 22nd. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.

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.