Mesirow Financial Investment Management Inc. Sells 3,866 Shares of The TJX Companies, Inc. (NYSE:TJX)

Mesirow Financial Investment Management Inc. decreased its holdings in The TJX Companies, Inc. (NYSE:TJX) by 11.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 28,657 shares of the apparel and home fashions retailer’s stock after selling 3,866 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in TJX Companies were worth $3,157,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Running Oak Capital LLC increased its stake in shares of 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 valued at $11,358,000 after purchasing an additional 11,036 shares during the last quarter. New Mexico Educational Retirement Board increased its stake in shares of TJX Companies by 15.9% in 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 purchasing an additional 9,500 shares during the last quarter. Options Solutions LLC bought a new position in shares of TJX Companies in the 4th quarter valued at $726,000. Advisors Capital Management LLC boosted 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 boosted 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 own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

TJX has been the topic of several recent research reports. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday. Bank of America raised their price objective on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. UBS Group raised their price objective on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Robert W. Baird raised their price objective on TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Finally, TD Cowen lifted their target price on TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $126.76.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $119.60 on Tuesday. The TJX Companies, Inc. has a one year low of $86.71 and a one year high of $121.13. The firm has a market capitalization of $135.17 billion, a price-to-earnings ratio of 29.68, a PEG ratio of 2.99 and a beta of 0.89. The business has a 50-day simple moving average of $114.48 and a 200 day simple moving average of $105.71. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60.

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

Insider Activity

In other news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the transaction, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

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.