Parcion Private Wealth LLC Raises Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Parcion Private Wealth LLC boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,128 shares of the apparel and home fashions retailer’s stock after buying an additional 174 shares during the quarter. Parcion Private Wealth LLC’s holdings in TJX Companies were worth $5,629,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TJX. Valued Wealth Advisors LLC boosted its position in shares of TJX Companies by 260.3% during 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. Richard W. Paul & Associates LLC acquired a new position in TJX Companies during the 2nd quarter worth about $25,000. Frazier Financial Advisors LLC acquired a new position in TJX Companies in the 4th quarter valued at about $27,000. First Pacific Financial purchased a new stake in TJX Companies during the first quarter worth about $29,000. Finally, OFI Invest Asset Management purchased a new stake in TJX Companies during the first quarter worth about $30,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. StockNews.com cut shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday. Evercore ISI boosted their target price on TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Bank of America increased their price target on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on TJX Companies in a research report on Tuesday, May 21st. Finally, Citigroup cut shares of TJX Companies from a “buy” rating to a “neutral” rating and raised their target price for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.

TJX Companies Stock Performance

TJX traded down $2.39 during trading on Friday, hitting $115.62. 4,827,263 shares of the stock were exchanged, compared to its average volume of 5,428,720. 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 TJX Companies, Inc. has a 1-year low of $86.71 and a 1-year high of $121.13. The stock has a fifty day moving average price of $113.58 and a two-hundred day moving average price of $104.82. The firm has a market capitalization of $130.67 billion, a P/E ratio of 28.69, a PEG ratio of 2.97 and a beta of 0.89.

TJX Companies (NYSE:TJX) last issued its quarterly 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 firm had revenue of $13.47 billion during 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%. TJX Companies’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 EPS. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 4.15 earnings per share for the current 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.