Cobblestone Capital Advisors LLC NY Reduces Stake in The TJX Companies, Inc. (NYSE:TJX)

Cobblestone Capital Advisors LLC NY lessened its stake in The TJX Companies, Inc. (NYSE:TJX) by 1.2% during the second quarter, HoldingsChannel reports. The firm owned 125,749 shares of the apparel and home fashions retailer’s stock after selling 1,481 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in TJX Companies were worth $13,845,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Valued Wealth Advisors LLC raised its stake in shares of TJX Companies by 260.3% in the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after buying an additional 177 shares during the period. Richard W. Paul & Associates LLC bought a new stake in TJX Companies in the 2nd quarter valued at about $25,000. Frazier Financial Advisors LLC purchased a new stake in TJX Companies during the fourth quarter valued at about $27,000. First Pacific Financial bought a new position in TJX Companies during the first quarter worth about $29,000. Finally, OFI Invest Asset Management purchased a new position in shares of TJX Companies in the first quarter worth about $30,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Down 2.0 %

Shares of NYSE TJX traded down $2.39 during mid-day trading on Friday, hitting $115.62. The stock had a trading volume of 4,827,263 shares, compared to its average volume of 5,428,720. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The TJX Companies, Inc. has a 1 year low of $86.71 and a 1 year high of $121.13. The business has a 50 day moving average price of $113.58 and a two-hundred day moving average price of $104.82. The firm has a market cap of $130.67 billion, a P/E ratio of 28.69, a price-to-earnings-growth ratio of 2.97 and a beta of 0.89.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. The company had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 earnings per share. On average, equities analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on TJX. Jefferies Financial Group lifted their target price on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $110.00 to $128.00 in a research note on Thursday, August 22nd. Wells Fargo & Company lifted their target price on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 22nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $128.00 target price on shares of TJX Companies in a research note on Wednesday, August 21st. Finally, StockNews.com downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Saturday. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $126.76.

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.