BTC Capital Management Inc. Decreases Holdings in The TJX Companies, Inc. (NYSE:TJX)

BTC Capital Management Inc. trimmed its position in The TJX Companies, Inc. (NYSE:TJX) by 4.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 59,021 shares of the apparel and home fashions retailer’s stock after selling 2,657 shares during the quarter. BTC Capital Management Inc.’s holdings in TJX Companies were worth $4,996,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Alpha Financial Partners LLC increased its holdings in shares of TJX Companies by 2.5% in the 1st quarter. Alpha Financial Partners LLC now owns 5,337 shares of the apparel and home fashions retailer’s stock valued at $418,000 after acquiring an additional 129 shares during the period. Tradition Wealth Management LLC boosted its position in shares of TJX Companies by 3.7% in the 1st quarter. Tradition Wealth Management LLC now owns 3,672 shares of the apparel and home fashions retailer’s stock worth $288,000 after buying an additional 132 shares in the last quarter. Drive Wealth Management LLC grew its position in shares of TJX Companies by 4.0% in the first quarter. Drive Wealth Management LLC now owns 3,652 shares of the apparel and home fashions retailer’s stock valued at $286,000 after purchasing an additional 140 shares during the last quarter. Journey Strategic Wealth LLC increased its position in TJX Companies by 4.0% during the first quarter. Journey Strategic Wealth LLC now owns 3,671 shares of the apparel and home fashions retailer’s stock worth $288,000 after buying an additional 140 shares in the last quarter. Finally, PGIM Custom Harvest LLC increased its position in TJX Companies by 4.9% during the 1st quarter. PGIM Custom Harvest LLC now owns 3,041 shares of the apparel and home fashions retailer’s stock worth $238,000 after purchasing an additional 142 shares in the last quarter. 89.28% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Up 0.2 %

Shares of TJX traded up $0.20 during midday trading on Monday, hitting $92.64. The company had a trading volume of 272,384 shares, compared to its average volume of 4,958,131. The stock has a market cap of $105.99 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 2.26 and a beta of 0.89. The TJX Companies, Inc. has a 52 week low of $59.78 and a 52 week high of $93.78. The company’s 50 day moving average price is $88.20 and its 200 day moving average price is $81.86. The company has a quick ratio of 0.56, a current ratio of 1.20 and a debt-to-equity ratio of 0.43.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, August 16th. The apparel and home fashions retailer reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.08. The business had revenue of $12.76 billion during the quarter, compared to the consensus estimate of $12.45 billion. TJX Companies had a return on equity of 62.61% and a net margin of 7.77%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.69 EPS. On average, equities research analysts predict that The TJX Companies, Inc. will post 3.71 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on TJX shares. UBS Group lifted their target price on shares of TJX Companies from $88.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, August 17th. Piper Sandler initiated coverage on shares of TJX Companies in a report on Thursday, June 29th. They issued an “overweight” rating and a $110.00 target price for the company. Jefferies Financial Group increased their price target on shares of TJX Companies from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, August 17th. Citigroup boosted their price objective on shares of TJX Companies from $90.00 to $103.00 and gave the company a “buy” rating in a research note on Thursday, August 17th. Finally, Wells Fargo & Company increased their target price on TJX Companies from $88.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Monday, September 11th. Three investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $95.42.

Insider Activity at TJX Companies

In other TJX Companies news, EVP Kenneth Canestrari sold 4,197 shares of TJX Companies stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $90.00, for a total value of $377,730.00. Following the completion of the transaction, the executive vice president now directly owns 115,223 shares in the company, valued at $10,370,070. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Kenneth Canestrari sold 4,197 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $90.00, for a total transaction of $377,730.00. Following the completion of the transaction, the executive vice president now owns 115,223 shares in the company, valued at approximately $10,370,070. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Carol Meyrowitz sold 64,817 shares of the stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $91.13, for a total value of $5,906,773.21. Following the completion of the sale, the chairman now directly owns 135,050 shares in the company, valued at $12,307,106.50. The disclosure for this sale can be found here. Insiders sold a total of 114,014 shares of company stock valued at $10,291,303 in the last quarter. Insiders own 0.13% of the company’s stock.

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, kids, and gourmet food departments; jewelry and accessories; and other merchandise.