X Square Capital LLC Decreases Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

X Square Capital LLC lessened its holdings in The TJX Companies, Inc. (NYSE:TJX) by 1.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 31,049 shares of the apparel and home fashions retailer’s stock after selling 316 shares during the quarter. TJX Companies makes up approximately 1.6% of X Square Capital LLC’s holdings, making the stock its 15th largest position. X Square Capital LLC’s holdings in TJX Companies were worth $3,419,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in TJX. Valued Wealth Advisors LLC grew its position in shares of TJX Companies by 260.3% in the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after buying an additional 177 shares during the last quarter. Richard W. Paul & Associates LLC acquired a new position in TJX Companies in the second quarter valued at $25,000. Frazier Financial Advisors LLC purchased a new position in shares of TJX Companies during the fourth quarter worth about $27,000. First Pacific Financial acquired a new stake in shares of TJX Companies during the first quarter worth about $29,000. Finally, OFI Invest Asset Management purchased a new stake in shares of TJX Companies in the 1st quarter valued at about $30,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on TJX shares. Sanford C. Bernstein upped their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. UBS Group lifted their price objective on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. TD Cowen increased their target price on TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Wells Fargo & Company raised their price target on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. Finally, Robert W. Baird upped their price objective on TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.

TJX Companies Trading Down 2.0 %

Shares of TJX opened at $115.62 on Monday. 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. The stock has a market cap of $130.40 billion, a price-to-earnings ratio of 28.69, a price-to-earnings-growth ratio of 2.92 and a beta of 0.89. The firm has a 50 day simple moving average of $113.58 and a 200-day simple moving average of $104.92.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $13.31 billion. During the same quarter last year, the business posted $0.85 earnings per share. TJX Companies’s revenue was up 5.6% compared to the same quarter last year. Equities 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.