Cigna Investments Inc. New Has $3.04 Million Stock Position in TJX Companies Inc (NYSE:TJX)

Cigna Investments Inc. New grew its stake in shares of TJX Companies Inc (NYSE:TJX) by 3.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 63,562 shares of the apparel and home fashions retailer’s stock after purchasing an additional 2,100 shares during the quarter. Cigna Investments Inc. New’s holdings in TJX Companies were worth $3,038,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Adirondack Trust Co. increased its position in shares of TJX Companies by 28.4% during the 4th quarter. Adirondack Trust Co. now owns 745 shares of the apparel and home fashions retailer’s stock worth $44,000 after purchasing an additional 165 shares during the last quarter. Anderson Fisher LLC increased its position in shares of TJX Companies by 3.7% during the 4th quarter. Anderson Fisher LLC now owns 5,062 shares of the apparel and home fashions retailer’s stock worth $309,000 after purchasing an additional 179 shares during the last quarter. Pinnacle Associates Ltd. increased its position in shares of TJX Companies by 0.9% during the 4th quarter. Pinnacle Associates Ltd. now owns 20,421 shares of the apparel and home fashions retailer’s stock worth $1,247,000 after purchasing an additional 189 shares during the last quarter. Loomis Sayles & Co. L P increased its position in shares of TJX Companies by 9.6% during the 4th quarter. Loomis Sayles & Co. L P now owns 2,182 shares of the apparel and home fashions retailer’s stock worth $133,000 after purchasing an additional 192 shares during the last quarter. Finally, Hilltop Holdings Inc. increased its position in shares of TJX Companies by 0.9% during the 4th quarter. Hilltop Holdings Inc. now owns 20,854 shares of the apparel and home fashions retailer’s stock worth $1,273,000 after purchasing an additional 196 shares during the last quarter. 88.45% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have weighed in on the company. Credit Suisse Group boosted their price target on TJX Companies from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday. Wells Fargo & Co boosted their target price on TJX Companies from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday. Barclays boosted their target price on TJX Companies from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Friday. Zacks Investment Research lowered TJX Companies from a “hold” rating to a “strong sell” rating and set a $50.00 target price on the stock. in a report on Saturday, May 2nd. Finally, Cfra boosted their target price on TJX Companies from $60.00 to $65.00 and gave the stock a “strong-buy” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $64.04.

Shares of TJX traded down $0.89 during mid-day trading on Friday, reaching $53.41. The company had a trading volume of 13,418,907 shares, compared to its average volume of 11,063,555. The company 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. TJX Companies Inc has a 52 week low of $32.72 and a 52 week high of $64.95. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.56 and a current ratio of 2.20. The firm has a 50-day moving average price of $47.52 and a 200 day moving average price of $55.87.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Thursday, May 21st. The apparel and home fashions retailer reported ($0.74) 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 company had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.92 billion. During the same quarter last year, the company earned $0.57 earnings per share. The company’s revenue for the quarter was down 52.5% on a year-over-year basis. As a group, research analysts forecast that TJX Companies Inc will post 1.28 earnings per share for the current fiscal 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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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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