The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co cut its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 99,110 shares of the apparel and home fashions retailer’s stock after selling 3,031 shares during the period. Elo Mutual Pension Insurance Co’s holdings in TJX Companies were worth $10,912,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Valued Wealth Advisors LLC lifted its position in shares of TJX Companies by 260.3% during 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 buying an additional 177 shares in the last quarter. Richard W. Paul & Associates LLC purchased a new position in shares of TJX Companies in the second quarter worth about $25,000. Frazier Financial Advisors LLC acquired a new position in TJX Companies during the fourth quarter worth about $27,000. OFI Invest Asset Management purchased a new stake in TJX Companies during the 1st quarter valued at about $30,000. Finally, AlphaMark Advisors LLC raised its holdings in 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 acquiring an additional 122 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TJX Companies

In other 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 transaction of $1,763,100.00. Following the sale, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by insiders.

TJX Companies Trading Down 1.5 %

Shares of TJX stock opened at $117.84 on Wednesday. The company has a market capitalization of $132.91 billion, a P/E ratio of 29.24, a price-to-earnings-growth ratio of 3.02 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. The TJX Companies, Inc. has a twelve month low of $86.71 and a twelve month high of $121.13. The business’s 50 day moving average is $114.59 and its two-hundred day moving average is $105.85.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.04. The firm had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. TJX Companies’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 earnings per share. Equities analysts forecast that The TJX Companies, Inc. will post 4.15 EPS for the current year.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of analyst reports. Barclays upped their price target on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Sanford C. Bernstein upped their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Evercore ISI raised their target price on TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Telsey Advisory Group reiterated an “outperform” rating and set a $128.00 target price on shares of TJX Companies in a report on Wednesday, August 21st. Finally, Robert W. Baird increased their price target on TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, TJX Companies currently has an average 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.