The TJX Companies, Inc. (NYSE:TJX) Shares Sold by AMJ Financial Wealth Management

AMJ Financial Wealth Management decreased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 101,639 shares of the apparel and home fashions retailer’s stock after selling 146 shares during the quarter. TJX Companies comprises approximately 3.5% of AMJ Financial Wealth Management’s investment portfolio, making the stock its 2nd largest holding. AMJ Financial Wealth Management’s holdings in TJX Companies were worth $11,190,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Richard W. Paul & Associates LLC bought a new position in TJX Companies during the 2nd quarter valued at $25,000. Valued Wealth Advisors LLC lifted its stake in 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 valued at $25,000 after acquiring an additional 177 shares in the last quarter. First Pacific Financial bought a new position in TJX Companies during the 1st quarter valued at $29,000. Frazier Financial Advisors LLC bought a new position in TJX Companies during the 4th quarter valued at $27,000. Finally, New Millennium Group LLC bought a new position in TJX Companies during the 2nd quarter valued at $34,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Price Performance

NYSE:TJX traded up $0.72 during mid-day trading on Tuesday, reaching $117.79. The stock had a trading volume of 32,282 shares, compared to its average volume of 5,399,566. The firm has a 50 day moving average price of $113.71 and a two-hundred day moving average price of $105.05. The stock has a market capitalization of $132.85 billion, a P/E ratio of 29.04, a P/E/G ratio of 2.92 and a beta of 0.89. The TJX Companies, Inc. has a one year low of $86.71 and a one year 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 announced 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. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The business’s revenue was up 5.6% on a year-over-year basis. As a group, analysts expect that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Barclays lifted their target price on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. StockNews.com cut TJX Companies from a “buy” rating to a “hold” rating in a research note on Saturday. Morgan Stanley lifted their target price on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Bank of America lifted their target price 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, Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $110.00 to $128.00 in a research note on Thursday, August 22nd. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and a consensus target price of $126.76.

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.