The TJX Companies, Inc. (NYSE:TJX) Shares Sold by FARMERS & MERCHANTS TRUST Co OF LONG BEACH

FARMERS & MERCHANTS TRUST Co OF LONG BEACH decreased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 86.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,238 shares of the apparel and home fashions retailer’s stock after selling 20,023 shares during the quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in TJX Companies were worth $357,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Running Oak Capital LLC lifted its holdings in shares of TJX Companies by 10.9% during the 1st quarter. Running Oak Capital LLC now owns 111,987 shares of the apparel and home fashions retailer’s stock valued at $11,358,000 after acquiring an additional 11,036 shares in the last quarter. New Mexico Educational Retirement Board lifted its holdings in shares of TJX Companies by 15.9% during the 1st quarter. New Mexico Educational Retirement Board now owns 69,380 shares of the apparel and home fashions retailer’s stock valued at $7,037,000 after acquiring an additional 9,500 shares in the last quarter. Options Solutions LLC acquired a new position in shares of TJX Companies during the 4th quarter valued at $726,000. Advisors Capital Management LLC lifted its holdings in shares of TJX Companies by 3.7% during the 1st quarter. Advisors Capital Management LLC now owns 572,324 shares of the apparel and home fashions retailer’s stock valued at $58,045,000 after acquiring an additional 20,629 shares in the last quarter. Finally, Evoke Wealth LLC lifted its holdings in shares of TJX Companies by 55.2% during the 4th quarter. Evoke Wealth LLC now owns 122,100 shares of the apparel and home fashions retailer’s stock valued at $11,454,000 after acquiring an additional 43,405 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $117.03 on Tuesday. 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 TJX Companies, Inc. has a fifty-two week low of $86.71 and a fifty-two week high of $121.13. The firm has a 50-day simple moving average of $113.71 and a 200 day simple moving average of $105.05. The company has a market cap of $131.99 billion, a PE ratio of 29.04, a P/E/G ratio of 2.92 and a beta of 0.89.

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 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 business had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current year.

Analyst Ratings Changes

TJX has been the topic of several recent research reports. Barclays lifted their target price on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. BMO Capital Markets lifted 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. Bank of America lifted their price target on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Sanford C. Bernstein lifted their price target on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Finally, Deutsche Bank Aktiengesellschaft set a $114.00 price target on shares of TJX Companies in a research note on Tuesday, May 21st. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and a consensus price target of $126.76.

About TJX Companies

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.