Candriam S.C.A. Increases Stake in The TJX Companies, Inc. (NYSE:TJX)

Candriam S.C.A. raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 33.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 540,379 shares of the apparel and home fashions retailer’s stock after acquiring an additional 136,589 shares during the quarter. Candriam S.C.A.’s holdings in TJX Companies were worth $59,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Richard W. Paul & Associates LLC purchased a new position in TJX Companies during the second quarter valued at $25,000. Valued Wealth Advisors LLC raised its stake 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 worth $25,000 after buying an additional 177 shares during the period. First Pacific Financial purchased a new position in shares of TJX Companies during the 1st quarter valued at about $29,000. Frazier Financial Advisors LLC bought a new position in shares of TJX Companies during the 4th quarter valued at approximately $27,000. Finally, New Millennium Group LLC bought a new position in shares of TJX Companies during the 2nd quarter valued at approximately $34,000. Institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. StockNews.com downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday. 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 note on Thursday, August 22nd. UBS Group increased their price target on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Evercore ISI boosted their price objective on TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Finally, Robert W. Baird increased their target price on TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $126.76.

TJX Companies Price Performance

TJX Companies stock opened at $115.62 on Friday. The TJX Companies, Inc. has a 52-week low of $86.71 and a 52-week high of $121.13. 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 firm’s fifty day moving average is $113.58 and its 200 day moving average is $104.82. 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 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 firm had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business’s revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 EPS. Sell-side analysts forecast that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

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.