Insight Wealth Strategies LLC trimmed its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 7.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,347 shares of the apparel and home fashions retailer’s stock after selling 441 shares during the quarter. Insight Wealth Strategies LLC’s holdings in The TJX Companies were worth $298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. grew its stake in The TJX Companies by 8.3% in the second quarter. BlackRock Inc. now owns 100,571,841 shares of the apparel and home fashions retailer’s stock valued at $5,084,911,000 after acquiring an additional 7,726,907 shares during the period. Bank of America Corp DE grew its stake in The TJX Companies by 9.3% in the second quarter. Bank of America Corp DE now owns 19,019,690 shares of the apparel and home fashions retailer’s stock valued at $961,636,000 after acquiring an additional 1,624,863 shares during the period. Alecta Pensionsforsakring Omsesidigt grew its stake in The TJX Companies by 9.0% in the third quarter. Alecta Pensionsforsakring Omsesidigt now owns 16,507,265 shares of the apparel and home fashions retailer’s stock valued at $918,134,000 after acquiring an additional 1,360,000 shares during the period. Nuveen Asset Management LLC grew its stake in The TJX Companies by 20.1% in the second quarter. Nuveen Asset Management LLC now owns 12,724,168 shares of the apparel and home fashions retailer’s stock valued at $643,334,000 after acquiring an additional 2,127,645 shares during the period. Finally, Copper Rock Capital Partners LLC grew its stake in The TJX Companies by 746.7% in the second quarter. Copper Rock Capital Partners LLC now owns 11,191,590 shares of the apparel and home fashions retailer’s stock valued at $564,399,000 after acquiring an additional 9,869,787 shares during the period. Institutional investors own 89.96% of the company’s stock.
In other news, EVP Kenneth Canestrari sold 22,200 shares of the company’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $55.55, for a total value of $1,233,210.00. Following the completion of the transaction, the executive vice president now directly owns 122,347 shares in the company, valued at approximately $6,796,375.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is currently owned by corporate insiders.
The TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.08). The TJX Companies had a return on equity of 13.62% and a net margin of 2.11%. The business had revenue of $6.67 billion for the quarter, compared to analysts’ expectations of $6.58 billion. During the same quarter in the previous year, the firm earned $0.62 earnings per share. The TJX Companies’s quarterly revenue was down 31.8% compared to the same quarter last year. As a group, equities research analysts forecast that The TJX Companies, Inc. will post 0.18 earnings per share for the current year.
Several brokerages recently issued reports on TJX. Zacks Investment Research cut The TJX Companies from a “hold” rating to a “sell” rating and set a $50.00 target price on the stock. in a research report on Tuesday, August 18th. Telsey Advisory Group lifted their target price on The TJX Companies from $64.00 to $68.00 and gave the company an “outperform” rating in a research report on Monday, August 17th. MKM Partners cut their target price on The TJX Companies from $68.00 to $64.00 in a research report on Thursday, August 20th. UBS Group lifted their price target on The TJX Companies from $52.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. lifted their price target on The TJX Companies from $63.00 to $66.00 and gave the stock an “overweight” rating in a report on Friday, September 18th. One analyst has rated the stock with a sell rating, two have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. The TJX Companies has an average rating of “Buy” and an average price target of $63.81.
About The TJX Companies
The TJX Companies, Inc, together with its subsidiaries, 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; fine jewelry and accessories; and other merchandise.
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