TJX Companies Inc (NYSE:TJX) Shares Acquired by RMB Capital Management LLC

RMB Capital Management LLC grew its stake in TJX Companies Inc (NYSE:TJX) by 11.9% during the first quarter, HoldingsChannel.com reports. The firm owned 535,385 shares of the apparel and home fashions retailer’s stock after purchasing an additional 57,026 shares during the period. TJX Companies makes up approximately 1.2% of RMB Capital Management LLC’s holdings, making the stock its 13th biggest holding. RMB Capital Management LLC’s holdings in TJX Companies were worth $25,597,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. Adirondack Trust Co. raised its stake in shares of TJX Companies by 28.4% in the 4th quarter. Adirondack Trust Co. now owns 745 shares of the apparel and home fashions retailer’s stock valued at $44,000 after purchasing an additional 165 shares in the last quarter. Anderson Fisher LLC raised its stake in TJX Companies by 3.7% during the fourth quarter. Anderson Fisher LLC now owns 5,062 shares of the apparel and home fashions retailer’s stock worth $309,000 after acquiring an additional 179 shares during the period. Pinnacle Associates Ltd. raised its stake in TJX Companies by 0.9% during the fourth quarter. Pinnacle Associates Ltd. now owns 20,421 shares of the apparel and home fashions retailer’s stock worth $1,247,000 after acquiring an additional 189 shares during the period. Loomis Sayles & Co. L P raised its stake in TJX Companies by 9.6% during the fourth quarter. Loomis Sayles & Co. L P now owns 2,182 shares of the apparel and home fashions retailer’s stock worth $133,000 after acquiring an additional 192 shares during the period. Finally, Hilltop Holdings Inc. raised its stake in TJX Companies by 0.9% during the fourth quarter. Hilltop Holdings Inc. now owns 20,854 shares of the apparel and home fashions retailer’s stock worth $1,273,000 after acquiring an additional 196 shares during the period. Institutional investors and hedge funds own 88.45% of the company’s stock.

Several research firms recently weighed in on TJX. Citigroup increased their price objective on shares of TJX Companies from $57.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday. Atlantic Securities upgraded shares of TJX Companies from a “neutral” rating to an “overweight” rating and set a $60.00 price objective on the stock in a research note on Wednesday, April 29th. Jefferies Financial Group increased their price objective on shares of TJX Companies from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday. Wells Fargo & Co increased their price objective on shares of TJX Companies from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, UBS Group decreased their target price on shares of TJX Companies from $68.00 to $48.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $64.04.

TJX stock traded down $0.89 on Friday, hitting $53.41. 13,418,907 shares of the company’s stock traded hands, compared to its average volume of 11,063,555. TJX Companies Inc has a 1-year low of $32.72 and a 1-year high of $64.95. The stock has a market cap of $65.04 billion, a price-to-earnings ratio of 38.99, a P/E/G ratio of 4.03 and a beta of 0.70. The stock has a fifty day moving average of $47.52 and a 200-day moving average of $55.87. The company has a current ratio of 2.20, a quick ratio of 0.56 and a debt-to-equity ratio of 3.19.

TJX Companies (NYSE:TJX) last released its earnings results 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 net margin of 4.57% and a return on equity of 31.29%. The business had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.92 billion. During the same period in the prior year, the company earned $0.57 earnings per share. The firm’s revenue for the quarter was down 52.5% on a year-over-year basis. On average, equities research analysts anticipate 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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