Federated Hermes Inc. Sells 76,508 Shares of The TJX Companies, Inc. (NYSE:TJX)

Federated Hermes Inc. reduced its position in The TJX Companies, Inc. (NYSE:TJX) by 6.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,115,711 shares of the apparel and home fashions retailer’s stock after selling 76,508 shares during the quarter. Federated Hermes Inc. owned approximately 0.10% of TJX Companies worth $122,840,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Running Oak Capital LLC boosted its position in shares of TJX Companies by 10.9% during the 1st quarter. Running Oak Capital LLC now owns 111,987 shares of the apparel and home fashions retailer’s stock valued at $11,358,000 after acquiring an additional 11,036 shares in the last quarter. New Mexico Educational Retirement Board boosted its holdings in TJX Companies by 15.9% during the first quarter. New Mexico Educational Retirement Board now owns 69,380 shares of the apparel and home fashions retailer’s stock valued at $7,037,000 after purchasing an additional 9,500 shares in the last quarter. Options Solutions LLC bought a new stake in shares of TJX Companies in the 4th quarter valued at approximately $726,000. Advisors Capital Management LLC raised its holdings in shares of TJX Companies by 3.7% in the 1st quarter. Advisors Capital Management LLC now owns 572,324 shares of the apparel and home fashions retailer’s stock worth $58,045,000 after buying an additional 20,629 shares in the last quarter. Finally, Evoke Wealth LLC lifted its position in shares of TJX Companies by 55.2% during the 4th quarter. Evoke Wealth LLC now owns 122,100 shares of the apparel and home fashions retailer’s stock worth $11,454,000 after buying an additional 43,405 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the sale, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $110.00 to $128.00 in a research note on Thursday, August 22nd. Telsey Advisory Group reissued an “outperform” rating and set a $128.00 price target on shares of TJX Companies in a report on Wednesday, August 21st. Bank of America upped their price objective on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Barclays lifted 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. Finally, BMO Capital Markets raised their price target on TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and a consensus target price of $126.76.

TJX Companies Trading Up 0.3 %

TJX opened at $118.22 on Friday. The firm’s fifty day moving average is $114.17 and its two-hundred day moving average is $105.36. The firm has a market cap of $133.34 billion, a PE ratio of 29.33, a price-to-earnings-growth ratio of 2.98 and a beta of 0.89. The TJX Companies, Inc. has a twelve month low of $86.71 and a twelve month 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.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 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 business had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. During the same quarter last year, the business posted $0.85 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current year.

TJX Companies Company 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.