First Foundation Advisors Has $5.45 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

First Foundation Advisors grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.3% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 49,459 shares of the apparel and home fashions retailer’s stock after buying an additional 1,120 shares during the period. First Foundation Advisors’ holdings in TJX Companies were worth $5,445,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in TJX Companies by 1.3% during the first 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 buying an additional 1,269,792 shares in the last quarter. Royal Bank of Canada raised its position in TJX Companies by 7.9% in the fourth quarter. Royal Bank of Canada now owns 14,219,312 shares of the apparel and home fashions retailer’s stock worth $1,333,913,000 after purchasing an additional 1,046,148 shares in the last quarter. Janus Henderson Group PLC raised its position in TJX Companies by 2.7% in the first quarter. Janus Henderson Group PLC now owns 13,226,465 shares of the apparel and home fashions retailer’s stock worth $1,341,392,000 after purchasing an additional 346,938 shares in the last quarter. Norges Bank acquired a new position in TJX Companies in the fourth quarter worth about $1,193,438,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in 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 purchasing an additional 3,255,849 shares during the period. Institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

TJX has been the topic of several recent analyst reports. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and boosted their price target for the company from $110.00 to $128.00 in a research note on Thursday, August 22nd. BMO Capital Markets upped their target price on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Evercore ISI boosted their price target on shares of TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. StockNews.com lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Jefferies Financial Group lifted their price target on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.

TJX Companies Price Performance

NYSE:TJX opened at $115.62 on Monday. 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 stock has a fifty day moving average of $113.58 and a 200 day moving average of $104.92. The firm has a market capitalization of $130.40 billion, a price-to-earnings ratio of 28.69, a P/E/G ratio of 2.92 and a beta of 0.89. The TJX Companies, Inc. has a 52-week low of $86.71 and a 52-week high of $121.13.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. The company had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. TJX Companies’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS. On average, research analysts expect 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.