Arbor Trust Wealth Advisors LLC Purchases 142 Shares of The TJX Companies, Inc. (NYSE:TJX)

Arbor Trust Wealth Advisors LLC lifted its position in The TJX Companies, Inc. (NYSE:TJX) by 0.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,588 shares of the apparel and home fashions retailer’s stock after buying an additional 142 shares during the period. TJX Companies makes up about 1.3% of Arbor Trust Wealth Advisors LLC’s portfolio, making the stock its 25th largest position. Arbor Trust Wealth Advisors LLC’s holdings in TJX Companies were worth $2,487,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Running Oak Capital LLC boosted its stake in TJX Companies by 10.9% in the 1st quarter. Running Oak Capital LLC now owns 111,987 shares of the apparel and home fashions retailer’s stock worth $11,358,000 after purchasing an additional 11,036 shares in the last quarter. New Mexico Educational Retirement Board grew its holdings in shares of TJX Companies by 15.9% during the first 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 buying an additional 9,500 shares during the last quarter. Options Solutions LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at $726,000. Advisors Capital Management LLC raised its stake in TJX Companies by 3.7% in the 1st quarter. Advisors Capital Management LLC now owns 572,324 shares of the apparel and home fashions retailer’s stock worth $58,045,000 after acquiring an additional 20,629 shares during the last quarter. Finally, Ethos Financial Group LLC acquired a new stake in TJX Companies during the 4th quarter worth about $269,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Price Performance

TJX Companies stock opened at $117.52 on Thursday. The stock has a market capitalization of $132.82 billion, a P/E ratio of 29.16, a P/E/G ratio of 2.96 and a beta of 0.89. The company’s fifty day moving average price is $113.32 and its 200 day moving average price is $104.61. 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 TJX Companies, Inc. has a 1 year low of $86.71 and a 1 year high of $121.13.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.04. The business had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.85 earnings per share. As a group, equities research analysts anticipate that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on TJX shares. Loop Capital increased their price target on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Wells Fargo & Company raised their target price on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, August 22nd. Jefferies Financial Group upped their price target on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. UBS Group lifted their price objective on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, StockNews.com downgraded TJX Companies from a “buy” rating to a “hold” rating in a research note on Thursday, August 29th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and an average price target 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.