Financial Counselors Inc. sell 3,008 shares of The TJX Companies, Inc. (NYSE:TJX)

Financial Counselors Inc. reduced its stake in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 10.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,831 shares of the apparel and home fashions retailer’s stock after selling 3,008 shares during the quarter. Holdings of Financial Counselors Inc. holdings in TJX Companies were worth $2,844,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TJX. Valued Wealth Advisors LLC grew its holdings in 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 worth $25,000 after purchasing an additional 177 shares during the period. Richard W. Paul & Associates LLC bought a new stake in TJX Companies in the second quarter valued at $25,000. Frazier Financial Advisors LLC bought a new stake in TJX Companies in the 4th quarter valued at $27,000. First Pacific Financial bought a new stake in TJX Companies in the first quarter valued at $29,000. Finally, OFI Invest Asset Management bought a new stake in TJX Companies in the first quarter valued at $30,000. Institutional investors own 91.09% of the company’s shares.

Analysts set new price targets

TJX has been the subject of several analyst reports. Bank of America boosted their target price on shares of TJX Company from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Barclays upped their target price on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Telsey Advisory Group restated an “outperform” rating and issued a $128.00 target price on shares of TJX Companies in a research note on Wednesday, August 21st. Evercore ISI boosted their target price on shares of TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Finally, Jefferies Financial Group upped their target price on shares of TJX Company from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. . Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. TJX Companies currently has a consensus rating of “Moderate Buy” and an average price target of $126.76, according to MarketBeat.com.

Check out the latest TJX Companies stock report

Price Performance of TJX Companies

Shares of TJX stock opened at $117.54 on Wednesday. TJX Companies, Inc. it has a 52-week low of $86.71 and a 52-week high of $121.13. 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 company’s 50-day moving average price is $113.18, and its two-hundred-day moving average price is $104.52. The firm has a market cap of $132.84 billion, a PE ratio of 29.17, a price-to-earnings-growth ratio of 2.96 and a beta of 0.89.

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

TJX Companies Profile

(Free Report)

TJX Companies, Inc., together with its subsidiaries, operates as a discount apparel and home fashion retailer in the United States, Canada, Europe and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. The company sells clothing for the family, including footwear and accessories; home fashions such as home essentials, furniture, rugs, lighting, gifts, soft home products, decorative accessories, countertops and cookware, as well as extensive pet and gourmet food departments; jewelry and accessories; and other goods.

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