Leuthold Group LLC Takes $6.53 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Leuthold Group LLC acquired a new stake in The TJX Companies, Inc. (NYSE:TJX) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 59,343 shares of the apparel and home fashions retailer’s stock, valued at approximately $6,534,000.

Other hedge funds have also added to or reduced their stakes in the company. Aveo Capital Partners LLC lifted its holdings in shares of TJX Companies by 6.0% during the fourth quarter. Aveo Capital Partners LLC now owns 3,568 shares of the apparel and home fashions retailer’s stock worth $335,000 after purchasing an additional 203 shares during the period. 9258 Wealth Management LLC grew its position in shares of TJX Companies by 36.6% in the 4th quarter. 9258 Wealth Management LLC now owns 13,515 shares of the apparel and home fashions retailer’s stock valued at $1,268,000 after buying an additional 3,624 shares during the last quarter. Gryphon Financial Partners LLC increased its stake in shares of TJX Companies by 35.9% in the fourth quarter. Gryphon Financial Partners LLC now owns 2,908 shares of the apparel and home fashions retailer’s stock valued at $249,000 after buying an additional 768 shares during the period. Sachetta LLC bought a new position in shares of TJX Companies during the fourth quarter worth about $38,000. Finally, D.A. Davidson & CO. lifted its stake in shares of TJX Companies by 18.9% in the fourth quarter. D.A. Davidson & CO. now owns 49,307 shares of the apparel and home fashions retailer’s stock worth $4,626,000 after acquiring an additional 7,821 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction dated Tuesday, September 10th. The shares were 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 directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.

TJX Companies Stock Down 0.5 %

Shares of TJX Companies stock opened at $117.25 on Thursday. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The TJX Companies, Inc. has a 12-month low of $86.71 and a 12-month high of $121.13. The company has a market cap of $132.24 billion, a P/E ratio of 29.09, a PEG ratio of 3.02 and a beta of 0.89. The company’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 released its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $13.31 billion. During the same quarter last year, the business posted $0.85 EPS. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. Research analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on TJX. Morgan Stanley raised their price target on shares of TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. UBS Group boosted their target price on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Robert W. Baird increased their price target on TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Citigroup downgraded TJX Companies from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $110.00 to $128.00 in a research note on Thursday, August 22nd. Finally, Bank of America upped their target price on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and a consensus target price of $126.76.

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.