Candriam S.C.A. Purchases 136,589 Shares of The TJX Companies, Inc. (NYSE:TJX)

Candriam S.C.A. increased its holdings in The TJX Companies, Inc. (NYSE:TJX) by 33.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 540,379 shares of the apparel and home fashions retailer’s stock after purchasing an additional 136,589 shares during the quarter. Candriam S.C.A.’s holdings in TJX Companies were worth $59,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of TJX. Richard W. Paul & Associates LLC purchased a new position in shares of TJX Companies during the second quarter valued at approximately $25,000. Valued Wealth Advisors LLC increased its position in 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 purchasing an additional 177 shares during the period. First Pacific Financial bought a new position in TJX Companies in the 1st quarter worth $29,000. Frazier Financial Advisors LLC purchased a new stake in shares of TJX Companies in the 4th quarter worth about $27,000. Finally, New Millennium Group LLC bought a new stake in shares of TJX Companies during the 2nd quarter valued at about $34,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Bank of America boosted their target price on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft set a $114.00 target price on shares of TJX Companies in a research note on Tuesday, May 21st. BMO Capital Markets boosted their price target on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Loop Capital upped their price target on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Finally, Evercore ISI boosted their target price on TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and an average price target of $126.76.

TJX Companies Stock Performance

Shares of TJX stock opened at $115.62 on Friday. The firm has a market capitalization of $130.67 billion, a PE ratio of 28.69, a P/E/G ratio of 2.97 and a beta of 0.89. The company has a 50 day moving average price of $113.58 and a 200-day moving average price of $104.82. The TJX Companies, Inc. has a 52 week low of $86.71 and a 52 week high of $121.13. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The business had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 EPS. As a group, equities research analysts expect that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies 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.