Bigelow Investment Advisors LLC Sells 93 Shares of The TJX Companies, Inc. (NYSE:TJX)

Bigelow Investment Advisors LLC trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX) by 0.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,841 shares of the apparel and home fashions retailer’s stock after selling 93 shares during the period. Bigelow Investment Advisors LLC’s holdings in TJX Companies were worth $1,414,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Richard W. Paul & Associates LLC bought a new stake in TJX Companies during the 2nd quarter worth approximately $25,000. Valued Wealth Advisors LLC increased its position in shares of TJX Companies by 260.3% during the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after acquiring an additional 177 shares in the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of TJX Companies during the fourth quarter worth $27,000. New Millennium Group LLC acquired a new stake in shares of TJX Companies during the second quarter worth $34,000. Finally, OFI Invest Asset Management bought a new stake in TJX Companies in the 1st quarter valued at $30,000. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TJX shares. Jefferies Financial Group increased their target price on TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Morgan Stanley increased their price objective on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Loop Capital boosted their target price on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Evercore ISI raised their price target on shares of TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Finally, Bank of America boosted their price objective on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research report 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $126.76.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the transaction, the chief executive officer now owns 536,148 shares in the company, valued at approximately $63,018,835.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.13% of the company’s stock.

TJX Companies Trading Up 1.3 %

Shares of NYSE:TJX opened at $119.80 on Friday. The TJX Companies, Inc. 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 has a market capitalization of $135.12 billion, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 2.99 and a beta of 0.89. The company has a 50-day simple moving average of $114.33 and a 200 day simple moving average of $105.50.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The company had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The business’s revenue was up 5.6% on a year-over-year basis. During the same period last year, the firm posted $0.85 earnings per share. Sell-side 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.