Ellis Investment Partners LLC Sells 128 Shares of The TJX Companies, Inc. (NYSE:TJX)

Ellis Investment Partners LLC lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,875 shares of the apparel and home fashions retailer’s stock after selling 128 shares during the quarter. Ellis Investment Partners LLC’s holdings in TJX Companies were worth $1,087,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Valued Wealth Advisors LLC boosted its position in shares of TJX Companies by 260.3% in the first 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 during the period. Richard W. Paul & Associates LLC bought a new position in shares of TJX Companies in the second quarter valued at approximately $25,000. Frazier Financial Advisors LLC bought a new stake in TJX Companies during the fourth quarter valued at approximately $27,000. First Pacific Financial bought a new stake in TJX Companies during the first quarter valued at approximately $29,000. Finally, OFI Invest Asset Management bought a new stake in TJX Companies during the first quarter valued at approximately $30,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Down 2.0 %

Shares of NYSE TJX opened at $115.62 on Friday. 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 52 week low of $86.71 and a 52 week high of $121.13. The firm’s fifty day moving average is $113.58 and its 200 day moving average is $104.88. The company 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.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. During the same period in the previous year, the firm earned $0.85 earnings per share. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, equities research analysts expect that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TJX shares. Loop Capital lifted their target price on shares of TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. StockNews.com lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Saturday. 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 research report on Thursday, August 22nd. Robert W. Baird lifted their target price on shares of TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Finally, Sanford C. Bernstein lifted their target price 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. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently 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.