The TJX Companies, Inc. (NYSE:TJX) is Wilkinson Global Asset Management LLC’s 2nd Largest Position

Wilkinson Global Asset Management LLC decreased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,108,824 shares of the apparel and home fashions retailer’s stock after selling 14,918 shares during the quarter. TJX Companies makes up about 7.6% of Wilkinson Global Asset Management LLC’s investment portfolio, making the stock its 2nd largest position. Wilkinson Global Asset Management LLC’s holdings in TJX Companies were worth $122,082,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Dearborn Partners LLC grew its stake in shares of TJX Companies by 4.0% in the 2nd quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer’s stock valued at $260,000 after buying an additional 90 shares during the period. Armbruster Capital Management Inc. lifted its holdings in TJX Companies by 4.9% in the second quarter. Armbruster Capital Management Inc. now owns 2,097 shares of the apparel and home fashions retailer’s stock valued at $231,000 after acquiring an additional 97 shares during the last quarter. Aprio Wealth Management LLC grew its position in TJX Companies by 4.8% in the second quarter. Aprio Wealth Management LLC now owns 2,176 shares of the apparel and home fashions retailer’s stock worth $240,000 after acquiring an additional 99 shares during the period. Mcdonald Partners LLC increased its stake in TJX Companies by 4.4% during the second quarter. Mcdonald Partners LLC now owns 2,344 shares of the apparel and home fashions retailer’s stock worth $258,000 after acquiring an additional 99 shares during the last quarter. Finally, M3 Advisory Group LLC increased its stake in TJX Companies by 4.1% during the second quarter. M3 Advisory Group LLC now owns 2,520 shares of the apparel and home fashions retailer’s stock worth $277,000 after acquiring an additional 99 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of research analyst reports. Evercore ISI increased their price target on TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $128.00 target price on shares of TJX Companies in a research report on Wednesday, August 21st. Sanford C. Bernstein lifted their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. StockNews.com lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Jefferies Financial Group increased their price objective on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $126.76.

TJX Companies Stock Down 2.0 %

NYSE TJX traded down $2.39 during trading hours on Friday, hitting $115.62. 4,827,263 shares of the company were exchanged, compared to its average volume of 5,428,720. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The firm has a market cap of $130.67 billion, a price-to-earnings ratio of 28.69, a PEG ratio of 2.97 and a beta of 0.89. The company has a 50 day moving average of $113.58 and a two-hundred day moving average of $104.88. The TJX Companies, Inc. has a 52-week low of $86.71 and a 52-week high of $121.13.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $13.31 billion. During the same period in the prior year, the firm earned $0.85 earnings per share. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Company 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.