Sargent Investment Group LLC Raises Holdings in The TJX Companies, Inc. (NYSE:TJX)

Sargent Investment Group LLC grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 16.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 5,078 shares of the apparel and home fashions retailer’s stock after acquiring an additional 708 shares during the quarter. Sargent Investment Group LLC’s holdings in TJX Companies were worth $559,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in TJX. Richard W. Paul & Associates LLC acquired a new position in TJX Companies in the 2nd quarter valued at about $25,000. Valued Wealth Advisors LLC lifted its stake 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 purchasing an additional 177 shares during the period. Frazier Financial Advisors LLC purchased a new position in TJX Companies during the fourth quarter worth about $27,000. New Millennium Group LLC purchased a new stake in TJX Companies in the 2nd quarter valued at about $34,000. Finally, OFI Invest Asset Management purchased a new position in shares of TJX Companies during the 1st quarter worth about $30,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. BMO Capital Markets increased their price target on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday. Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and increased their price objective for the company from $110.00 to $128.00 in a research report on Thursday, August 22nd. Sanford C. Bernstein raised their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Finally, TD Cowen upped their price objective on shares of TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $126.76.

Insider Buying and Selling

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

TJX Companies Stock Performance

TJX stock opened at $119.60 on Tuesday. The TJX Companies, Inc. has a 1 year low of $86.71 and a 1 year high of $121.13. The stock has a market capitalization of $135.17 billion, a price-to-earnings ratio of 29.68, a PEG ratio of 2.99 and a beta of 0.89. 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’s fifty day moving average is $114.48 and its two-hundred day moving average is $105.71.

TJX Companies (NYSE:TJX) last posted its earnings results 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 net margin of 8.56% and a return on equity of 63.19%. The firm had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. TJX Companies’s quarterly revenue was up 5.6% on a year-over-year basis. On average, research analysts predict that The TJX Companies, Inc. will post 4.15 EPS 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.