Haverford Financial Services Inc. Sells 20,531 Shares of The TJX Companies, Inc. (NYSE:TJX)

Haverford Financial Services Inc. trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX) by 15.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,315 shares of the apparel and home fashions retailer’s stock after selling 20,531 shares during the quarter. TJX Companies makes up approximately 3.6% of Haverford Financial Services Inc.’s holdings, making the stock its 12th biggest position. Haverford Financial Services Inc.’s holdings in TJX Companies were worth $12,146,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TJX. Price T Rowe Associates Inc. MD boosted its stake in TJX Companies by 35.9% in the 1st 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. PineStone Asset Management Inc. boosted its position in shares of TJX Companies by 134.2% during 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. Capital Wealth Planning LLC bought a new position in shares of TJX Companies during the 2nd quarter valued at approximately $315,698,000. Los Angeles Capital Management LLC boosted its position in shares of TJX Companies by 80.6% during the 2nd quarter. Los Angeles Capital Management LLC now owns 2,943,176 shares of the apparel and home fashions retailer’s stock valued at $324,044,000 after acquiring an additional 1,313,517 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of TJX Companies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer’s stock valued at $9,886,073,000 after acquiring an additional 1,269,792 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on TJX shares. Sanford C. Bernstein increased their target price on TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Morgan Stanley increased their target price on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. UBS Group increased their target price on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Robert W. Baird increased their price target on TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Finally, Evercore ISI increased their price target on TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.

Insider Activity

In related news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the sale, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

TJX stock opened at $117.25 on Thursday. The firm has a market cap of $132.24 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 3.02 and a beta of 0.89. 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 twelve month low of $86.71 and a twelve month high of $121.13. The business’s fifty day simple moving average is $114.68 and its two-hundred day simple moving average is $105.93.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. The firm had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 earnings per share. Analysts predict that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

About TJX Companies

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.