New World Advisors LLC Decreases Holdings in The TJX Companies, Inc. (NYSE:TJX)

New World Advisors LLC lowered its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.7% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,712,735 shares of the apparel and home fashions retailer’s stock after selling 46,875 shares during the period. TJX Companies comprises about 83.1% of New World Advisors LLC’s portfolio, making the stock its biggest holding. New World Advisors LLC owned about 0.24% of TJX Companies worth $298,672,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of TJX. Belpointe Asset Management LLC increased its holdings in shares of TJX Companies by 61.5% during the second quarter. Belpointe Asset Management LLC now owns 8,686 shares of the apparel and home fashions retailer’s stock worth $956,000 after buying an additional 3,307 shares in the last quarter. Consolidated Planning Corp increased its holdings in TJX Companies by 6.9% in the 2nd quarter. Consolidated Planning Corp now owns 31,848 shares of the apparel and home fashions retailer’s stock worth $3,506,000 after purchasing an additional 2,054 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of TJX Companies by 98.0% during the second quarter. Larson Financial Group LLC now owns 3,742 shares of the apparel and home fashions retailer’s stock worth $412,000 after purchasing an additional 1,852 shares during the last quarter. Foundations Investment Advisors LLC boosted its position in TJX Companies by 6.6% during the 2nd quarter. Foundations Investment Advisors LLC now owns 3,324 shares of the apparel and home fashions retailer’s stock worth $366,000 after buying an additional 206 shares during the period. Finally, Wealth Effects LLC lifted its holdings in shares of TJX Companies by 11.1% during the second quarter. Wealth Effects LLC now owns 3,595 shares of the apparel and home fashions retailer’s stock worth $396,000 after purchasing an additional 358 shares during the period. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Performance

Shares of NYSE TJX traded down $0.38 during midday trading on Wednesday, reaching $117.16. The company’s stock had a trading volume of 943,523 shares, compared to its average volume of 5,405,459. The stock has a market capitalization of $132.41 billion, a P/E ratio of 29.17, a PEG ratio of 2.96 and a beta of 0.89. 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 50 day moving average price of $113.18 and a 200-day moving average price of $104.52. The TJX Companies, Inc. has a 12-month low of $86.71 and a 12-month 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The firm had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 EPS. As a group, equities analysts predict that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

Analyst Ratings Changes

TJX has been the topic of several analyst reports. StockNews.com cut TJX Companies from a “buy” rating to a “hold” rating in a report on Thursday, August 29th. Barclays upped their price target on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Telsey Advisory Group restated an “outperform” rating and set a $128.00 target price on shares of TJX Companies in a research report on Wednesday, August 21st. BMO Capital Markets boosted their target price on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Finally, TD Cowen raised their target price on TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and an average price target of $126.76.

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.