New York Life Investment Management LLC Has $19.05 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

New York Life Investment Management LLC increased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 173,037 shares of the apparel and home fashions retailer’s stock after purchasing an additional 738 shares during the quarter. New York Life Investment Management LLC’s holdings in TJX Companies were worth $19,051,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Valued Wealth Advisors LLC lifted its position in shares of TJX Companies by 260.3% during the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after buying an additional 177 shares during the last quarter. Richard W. Paul & Associates LLC acquired a new stake in shares of TJX Companies in the 2nd quarter valued at approximately $25,000. Frazier Financial Advisors LLC acquired a new position in TJX Companies during the 4th quarter worth approximately $27,000. First Pacific Financial acquired a new position in TJX Companies during the 1st quarter worth approximately $29,000. Finally, OFI Invest Asset Management bought a new position in TJX Companies in the 1st quarter valued at approximately $30,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TJX has been the subject of a number of research reports. Jefferies Financial Group increased their price target on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft set a $114.00 target price on TJX Companies in a research report on Tuesday, May 21st. Morgan Stanley boosted their price target on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Sanford C. Bernstein lifted their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Finally, Bank of America upped their price target on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $126.76.

TJX Companies Trading Down 2.0 %

Shares of TJX stock opened at $115.62 on Friday. The TJX Companies, Inc. has a fifty-two week low of $86.71 and a fifty-two 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 stock has a 50 day simple moving average of $113.58 and a two-hundred day simple moving average of $104.82. The company has a market cap of $130.67 billion, a P/E ratio of 28.69, a PEG ratio of 2.97 and a beta of 0.89.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.04. The company had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. TJX Companies’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 EPS. Research analysts forecast that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies 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.