Beck Bode LLC Sells 12,079 Shares of The TJX Companies, Inc. (NYSE:TJX)

Beck Bode LLC lessened its stake in The TJX Companies, Inc. (NYSE:TJX) by 62.2% during the second quarter, HoldingsChannel reports. The firm owned 7,352 shares of the apparel and home fashions retailer’s stock after selling 12,079 shares during the period. Beck Bode LLC’s holdings in TJX Companies were worth $809,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Waterloo Capital L.P. raised its stake in shares of TJX Companies by 17.2% in the second quarter. Waterloo Capital L.P. now owns 15,000 shares of the apparel and home fashions retailer’s stock valued at $1,651,000 after buying an additional 2,196 shares during the period. Blair William & Co. IL raised its stake in TJX Companies by 8.3% in the 2nd quarter. Blair William & Co. IL now owns 286,189 shares of the apparel and home fashions retailer’s stock valued at $31,509,000 after acquiring an additional 21,894 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in TJX Companies by 12.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 120,008 shares of the apparel and home fashions retailer’s stock valued at $13,131,000 after purchasing an additional 13,574 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in TJX Companies by 2.3% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 78,810 shares of the apparel and home fashions retailer’s stock valued at $8,677,000 after purchasing an additional 1,779 shares during the last quarter. Finally, Argent Trust Co boosted its position in TJX Companies by 9.9% during the second quarter. Argent Trust Co now owns 24,150 shares of the apparel and home fashions retailer’s stock worth $2,659,000 after purchasing an additional 2,175 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $117.84 on Wednesday. The firm has a market capitalization of $132.91 billion, a PE ratio of 29.24, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The TJX Companies, Inc. has a 12 month low of $86.71 and a 12 month high of $121.13. The business’s 50-day moving average price is $114.59 and its 200-day moving average price is $105.85.

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

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the transaction, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on TJX shares. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Sunday. BMO Capital Markets increased their target price on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Wells Fargo & Company lifted their price target on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research report on Thursday, August 22nd. Bank of America increased their price objective on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, Sanford C. Bernstein lifted their target price on TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $126.76.

TJX Companies Company 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.