Cornerstone Advisors LLC Reduces Holdings in The TJX Companies, Inc. (NYSE:TJX)

Cornerstone Advisors LLC decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,500 shares of the apparel and home fashions retailer’s stock after selling 700 shares during the period. Cornerstone Advisors LLC’s holdings in TJX Companies were worth $5,890,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in TJX. Aveo Capital Partners LLC lifted its stake in TJX Companies by 6.0% in the fourth quarter. Aveo Capital Partners LLC now owns 3,568 shares of the apparel and home fashions retailer’s stock worth $335,000 after purchasing an additional 203 shares during the last quarter. 9258 Wealth Management LLC lifted its stake in shares of TJX Companies by 36.6% during the 4th quarter. 9258 Wealth Management LLC now owns 13,515 shares of the apparel and home fashions retailer’s stock worth $1,268,000 after acquiring an additional 3,624 shares during the last quarter. Gryphon Financial Partners LLC boosted its holdings in TJX Companies by 35.9% during the 4th quarter. Gryphon Financial Partners LLC now owns 2,908 shares of the apparel and home fashions retailer’s stock valued at $249,000 after acquiring an additional 768 shares during the period. Robeco Institutional Asset Management B.V. grew its position in TJX Companies by 41.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 249,771 shares of the apparel and home fashions retailer’s stock valued at $23,431,000 after acquiring an additional 72,919 shares during the last quarter. Finally, Norges Bank bought a new position in TJX Companies in the 4th quarter valued at $1,193,438,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

NYSE TJX opened at $119.81 on Monday. The TJX Companies, Inc. has a 12-month low of $86.71 and a 12-month high of $121.13. The firm’s fifty day simple moving average is $114.33 and its two-hundred day simple moving average is $105.57. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $135.40 billion, a P/E ratio of 29.73, a P/E/G ratio of 2.99 and a beta of 0.89.

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Jefferies Financial Group boosted their target price on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. UBS Group upped their target price on shares of TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Morgan Stanley lifted their price target on shares of TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Bank of America increased their price objective on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Finally, Barclays lifted their target price on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and an average target price of $126.76.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the business’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 owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is currently owned by insiders.

About TJX Companies

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.