Beck Bode LLC Sells 12,079 Shares of The TJX Companies, Inc. (NYSE:TJX)

Beck Bode LLC decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 62.2% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 7,352 shares of the apparel and home fashions retailer’s stock after selling 12,079 shares during the period. Beck Bode LLC’s holdings in TJX Companies were worth $809,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of TJX. Dearborn Partners LLC raised its position in TJX Companies by 4.0% during the second quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer’s stock worth $260,000 after acquiring an additional 90 shares in the last quarter. Wambolt & Associates LLC raised its holdings in shares of TJX Companies by 1.4% in the 2nd quarter. Wambolt & Associates LLC now owns 6,791 shares of the apparel and home fashions retailer’s stock valued at $751,000 after purchasing an additional 94 shares during the period. Armbruster Capital Management Inc. boosted its holdings in shares of TJX Companies by 4.9% during the second quarter. Armbruster Capital Management Inc. now owns 2,097 shares of the apparel and home fashions retailer’s stock worth $231,000 after acquiring an additional 97 shares during the period. Aprio Wealth Management LLC grew its position in shares of 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 valued at $240,000 after purchasing an additional 99 shares during the last quarter. Finally, Mcdonald Partners LLC lifted its holdings in TJX Companies by 4.4% during the 2nd quarter. Mcdonald Partners LLC now owns 2,344 shares of the apparel and home fashions retailer’s stock worth $258,000 after purchasing an additional 99 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Performance

NYSE TJX opened at $117.84 on Wednesday. The firm’s fifty day moving average price is $114.59 and its two-hundred day moving average price is $105.85. The stock has a market cap of $132.91 billion, a PE ratio of 29.24, a PEG ratio of 3.02 and a beta of 0.89. 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 fifty-two week low of $86.71 and a fifty-two week high of $121.13.

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

Wall Street Analyst Weigh In

TJX has been the subject of a number of research reports. Evercore ISI lifted their target price on TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. TD Cowen lifted their price objective on shares of TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Bank of America increased their target price on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $128.00 price target on shares of TJX Companies in a research report on Wednesday, August 21st. Finally, Sanford C. Bernstein boosted their price target on TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the sale, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.13% of the company’s stock.

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.