RMB Capital Management LLC raised its holdings in TJX Companies Inc (NYSE:TJX) by 11.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 535,385 shares of the apparel and home fashions retailer’s stock after buying an additional 57,026 shares during the period. TJX Companies comprises about 1.2% of RMB Capital Management LLC’s holdings, making the stock its 13th largest position. RMB Capital Management LLC’s holdings in TJX Companies were worth $25,597,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of TJX. Sugarloaf Wealth Management LLC acquired a new stake in TJX Companies in the fourth quarter valued at $28,000. FSA Wealth Management LLC acquired a new stake in TJX Companies in the fourth quarter valued at $29,000. Lion Street Advisors LLC acquired a new stake in TJX Companies in the first quarter valued at $29,000. Solstein Capital LLC acquired a new stake in TJX Companies in the fourth quarter valued at $31,000. Finally, Westside Investment Management Inc. acquired a new stake in TJX Companies in the first quarter valued at $33,000. Institutional investors own 88.45% of the company’s stock.
Shares of TJX stock traded down $0.89 during midday trading on Friday, reaching $53.41. 13,418,907 shares of the company traded hands, compared to its average volume of 11,063,555. The firm’s 50 day simple moving average is $47.52 and its two-hundred day simple moving average is $55.87. TJX Companies Inc has a 1-year low of $32.72 and a 1-year high of $64.95. The company has a debt-to-equity ratio of 3.19, a current ratio of 2.20 and a quick ratio of 0.56. The firm has a market cap of $65.04 billion, a PE ratio of 38.99, a price-to-earnings-growth ratio of 4.03 and a beta of 0.70.
TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Thursday, May 21st. The apparel and home fashions retailer reported ($0.74) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.56). TJX Companies had a net margin of 4.57% and a return on equity of 31.29%. The company had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.92 billion. During the same quarter in the previous year, the business posted $0.57 earnings per share. TJX Companies’s revenue was down 52.5% on a year-over-year basis. As a group, research analysts anticipate that TJX Companies Inc will post 1.28 earnings per share for the current fiscal year.
Several equities analysts have issued reports on the company. Zacks Investment Research lowered TJX Companies from a “hold” rating to a “strong sell” rating and set a $50.00 price objective on the stock. in a report on Saturday, May 2nd. Loop Capital dropped their price objective on TJX Companies from $72.00 to $60.00 in a report on Friday. Morgan Stanley lowered TJX Companies to a “hold” rating in a report on Friday, April 17th. MKM Partners raised their price objective on TJX Companies from $70.00 to $74.00 in a report on Thursday, February 27th. Finally, Guggenheim raised their price target on TJX Companies from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. TJX Companies presently has a consensus rating of “Buy” and a consensus price target of $64.04.
TJX Companies 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.
Further Reading: Neutral Rating
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