Cambridge Financial Group Inc. decreased its position in shares of TJX Companies Inc (NYSE:TJX) by 2.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 111,444 shares of the apparel and home fashions retailer’s stock after selling 3,310 shares during the quarter. TJX Companies makes up 3.6% of Cambridge Financial Group Inc.’s holdings, making the stock its 12th largest holding. Cambridge Financial Group Inc.’s holdings in TJX Companies were worth $5,328,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of TJX. Sugarloaf Wealth Management LLC bought a new position in shares of TJX Companies during the 4th quarter worth $28,000. FSA Wealth Management LLC bought a new position in shares of TJX Companies during the 4th quarter worth $29,000. Lion Street Advisors LLC bought a new position in shares of TJX Companies during the 1st quarter worth $29,000. Solstein Capital LLC bought a new position in shares of TJX Companies during the 4th quarter worth $31,000. Finally, Westside Investment Management Inc. bought a new position in shares of TJX Companies during the 1st quarter worth $33,000. 88.45% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages recently weighed in on TJX. Cfra upped their price objective on TJX Companies from $60.00 to $65.00 and gave the stock a “strong-buy” rating in a research note on Thursday. Robert W. Baird decreased their price objective on TJX Companies from $72.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, April 9th. Citigroup upped their price objective on TJX Companies from $57.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday. Royal Bank of Canada upped their price objective on TJX Companies from $48.00 to $64.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Wells Fargo & Co upped their price objective on TJX Companies from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $64.04.
Shares of NYSE:TJX traded down $0.89 during trading on Friday, hitting $53.41. The stock had a trading volume of 13,418,907 shares, compared to its average volume of 11,063,555. TJX Companies Inc has a 12-month low of $32.72 and a 12-month high of $64.95. The stock has a market capitalization of $65.04 billion, a price-to-earnings ratio of 38.99, a price-to-earnings-growth ratio of 4.03 and a beta of 0.70. The company has a quick ratio of 0.56, a current ratio of 2.20 and a debt-to-equity ratio of 3.19. The stock has a 50-day simple moving average of $47.52 and a two-hundred day simple moving average of $55.87.
TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Thursday, May 21st. The apparel and home fashions retailer reported ($0.74) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.56). TJX Companies had a return on equity of 31.29% and a net margin of 4.57%. The firm had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.92 billion. During the same quarter in the previous year, the business earned $0.57 earnings per share. The company’s revenue for the quarter was down 52.5% compared to the same quarter last year. As a group, sell-side analysts forecast that TJX Companies Inc will post 1.28 earnings per share for the current year.
TJX Companies Company Profile
The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.
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