TJX Companies Inc (NYSE:TJX) Holdings Decreased by Legacy Private Trust Co.

Legacy Private Trust Co. lessened its holdings in TJX Companies Inc (NYSE:TJX) by 14.6% in the second quarter, HoldingsChannel.com reports. The firm owned 8,059 shares of the apparel and home fashions retailer’s stock after selling 1,376 shares during the period. Legacy Private Trust Co.’s holdings in TJX Companies were worth $408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Webster Bank N. A. grew its stake in TJX Companies by 119.4% during the 2nd quarter. Webster Bank N. A. now owns 5,809 shares of the apparel and home fashions retailer’s stock worth $294,000 after buying an additional 3,161 shares during the last quarter. Clarus Wealth Advisors acquired a new position in shares of TJX Companies during the second quarter valued at $343,000. Ipswich Investment Management Co. Inc. increased its holdings in shares of TJX Companies by 287.4% during the second quarter. Ipswich Investment Management Co. Inc. now owns 49,065 shares of the apparel and home fashions retailer’s stock valued at $2,481,000 after purchasing an additional 36,400 shares during the period. Independence Bank of Kentucky increased its holdings in shares of TJX Companies by 58.0% during the second quarter. Independence Bank of Kentucky now owns 31,025 shares of the apparel and home fashions retailer’s stock valued at $1,569,000 after purchasing an additional 11,395 shares during the period. Finally, Triangle Securities Wealth Management increased its holdings in shares of TJX Companies by 186.5% during the second quarter. Triangle Securities Wealth Management now owns 12,350 shares of the apparel and home fashions retailer’s stock valued at $624,000 after purchasing an additional 8,040 shares during the period. 89.45% of the stock is currently owned by institutional investors.

NYSE:TJX opened at $50.00 on Friday. The company has a 50-day moving average of $53.12 and a 200-day moving average of $54.29. The company has a market capitalization of $60.94 billion, a price-to-earnings ratio of 36.50, a PEG ratio of 7.41 and a beta of 0.72. TJX Companies Inc has a 52 week low of $32.72 and a 52 week high of $64.95. The company has a debt-to-equity ratio of 3.19, a quick ratio of 1.15 and a current ratio of 2.20.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Thursday, May 21st. The apparel and home fashions retailer reported ($0.74) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.56). TJX Companies had a return on equity of 31.29% and a net margin of 4.57%. The business had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.92 billion. During the same period in the previous year, the business posted $0.57 earnings per share. TJX Companies’s revenue was down 52.5% on a year-over-year basis. Sell-side analysts forecast that TJX Companies Inc will post 0.65 EPS for the current year.

A number of brokerages have recently commented on TJX. Nomura Securities lowered their price target on TJX Companies from $58.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday, March 31st. Wells Fargo & Co raised their price target on TJX Companies from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. Morgan Stanley lifted their target price on TJX Companies from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Atlantic Securities raised TJX Companies from a “neutral” rating to an “overweight” rating and set a $60.00 target price on the stock in a report on Wednesday, April 29th. Finally, Robert W. Baird lowered their target price on TJX Companies from $72.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday, April 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $64.42.

In other news, Director Rosemary T. Berkery purchased 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was purchased at an average cost of $55.30 per share, with a total value of $165,900.00. Company insiders own 0.18% of the company’s stock.

TJX Companies Profile

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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