Legacy Bridge LLC Decreases Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Legacy Bridge LLC trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX – Get Rating) by 17.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,150 shares of the apparel and home fashions retailer’s stock after selling 1,275 shares during the period. Legacy Bridge LLC’s holdings in TJX Companies were worth $490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Grayhawk Investment Strategies Inc. purchased a new stake in TJX Companies during the 2nd quarter valued at $26,000. Householder Group Estate & Retirement Specialist LLC purchased a new stake in TJX Companies during the 3rd quarter valued at $27,000. Northern Oak Wealth Management Inc. purchased a new stake in TJX Companies during the 2nd quarter valued at $28,000. Coston McIsaac & Partners purchased a new stake in TJX Companies during the 2nd quarter valued at $31,000. Finally, Align Wealth Management LLC purchased a new stake in TJX Companies during the 4th quarter valued at $33,000. 91.30% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Trading Down 0.2 %

TJX Companies stock opened at $74.48 on Friday. The TJX Companies, Inc. has a one year low of $53.69 and a one year high of $83.13. The stock has a market cap of $86.06 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 2.03 and a beta of 0.91. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.64 and a current ratio of 1.21. The stock has a 50-day moving average of $79.15 and a two-hundred day moving average of $74.36.

TJX Companies (NYSE:TJX – Get Rating) last announced its quarterly earnings data on Wednesday, February 22nd. The apparel and home fashions retailer reported $0.89 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.89. TJX Companies had a return on equity of 63.68% and a net margin of 7.00%. The firm had revenue of $14.52 billion during the quarter, compared to analysts’ expectations of $14.07 billion. During the same period last year, the business posted $0.78 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, research analysts anticipate that The TJX Companies, Inc. will post 3.51 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price target on TJX Companies from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Monday, February 6th. Cowen upped their price objective on TJX Companies from $84.00 to $85.00 in a research report on Tuesday, December 6th. Robert W. Baird upped their price objective on TJX Companies from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, February 23rd. StockNews.com began coverage on TJX Companies in a research report on Thursday. They issued a “buy” rating on the stock. Finally, Credit Suisse Group upped their price objective on TJX Companies from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, February 23rd. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and a consensus price target of $86.07.

TJX Companies Profile

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The TJX Cos., Inc engages in the retail of off-price apparel and home fashion products. It operates through the following segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The Marmaxx segment sells family apparel including apparel, home fashions, and other merchandise. The HomeGoods segment offers an assortment of home fashions, including furniture, rugs, lighting, soft home, decorative accessories, tabletop and cookware as well as expanded pet, kids, and gourmet food departments.