Cullen Frost Bankers Inc. Buys 718 Shares of The TJX Companies, Inc. (NYSE:TJX)

Cullen Frost Bankers Inc. boosted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 153,207 shares of the apparel and home fashions retailer’s stock after acquiring an additional 718 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in TJX Companies were worth $16,868,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of TJX. Norges Bank purchased a new position in TJX Companies in the 4th quarter worth approximately $1,193,438,000. Price T Rowe Associates Inc. MD boosted its position in shares of TJX Companies by 35.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock worth $1,249,237,000 after acquiring an additional 3,255,849 shares during the last quarter. PineStone Asset Management Inc. increased its holdings in TJX Companies by 134.2% in the 2nd quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock valued at $602,004,000 after acquiring an additional 3,132,960 shares during the last quarter. Vanguard Group Inc. lifted its stake in TJX Companies by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer’s stock worth $9,886,073,000 after purchasing an additional 1,269,792 shares in the last quarter. Finally, Canoe Financial LP grew its position in shares of TJX Companies by 22,145.7% during the fourth quarter. Canoe Financial LP now owns 1,112,287 shares of the apparel and home fashions retailer’s stock valued at $104,344,000 after purchasing an additional 1,107,287 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

TJX has been the subject of several research reports. BMO Capital Markets increased their price objective on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. UBS Group lifted their price target on shares of TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Bank of America increased their price objective 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. Barclays boosted their target price on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Finally, StockNews.com cut shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and an average target price of $126.76.

TJX Companies Stock Performance

NYSE:TJX traded down $2.39 during mid-day trading on Friday, hitting $115.62. The company’s stock had a trading volume of 4,827,263 shares, compared to its average volume of 5,428,720. The stock 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. The business’s fifty day moving average is $113.58 and its two-hundred day moving average is $104.82. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. 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 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 business 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% on a year-over-year basis. During the same quarter last year, the company earned $0.85 EPS. Analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Company 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.