Verus Capital Partners LLC Purchases New Position in The TJX Companies, Inc. (NYSE:TJX)

Verus Capital Partners LLC acquired a new position in The TJX Companies, Inc. (NYSE:TJX) in the 2nd quarter, Holdings Channel reports. The firm acquired 2,177 shares of the apparel and home fashions retailer’s stock, valued at approximately $240,000.

Several other large investors have also bought and sold shares of the company. Fisher Asset Management LLC raised its holdings in TJX Companies by 21.8% in the fourth quarter. Fisher Asset Management LLC now owns 5,569 shares of the apparel and home fashions retailer’s stock worth $522,000 after purchasing an additional 996 shares in the last quarter. Aveo Capital Partners LLC increased its stake in shares of TJX Companies by 6.0% in the 4th quarter. Aveo Capital Partners LLC now owns 3,568 shares of the apparel and home fashions retailer’s stock worth $335,000 after acquiring an additional 203 shares in the last quarter. 9258 Wealth Management LLC lifted its position in TJX Companies by 36.6% during 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 acquiring an additional 3,624 shares during the period. Private Advisor Group LLC lifted its position in TJX Companies by 6.5% during the 4th quarter. Private Advisor Group LLC now owns 81,864 shares of the apparel and home fashions retailer’s stock valued at $7,680,000 after acquiring an additional 4,961 shares during the period. Finally, Lincoln National Corp boosted its stake in TJX Companies by 1.8% during the fourth quarter. Lincoln National Corp now owns 12,374 shares of the apparel and home fashions retailer’s stock worth $1,161,000 after acquiring an additional 217 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on TJX. Bank of America lifted their target price on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Robert W. Baird lifted their price objective on TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Evercore ISI increased 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. Deutsche Bank Aktiengesellschaft set a $114.00 price target on TJX Companies in a report on Tuesday, May 21st. Finally, BMO Capital Markets upped their price target on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $126.76.

TJX Companies Price Performance

NYSE TJX opened at $117.54 on Wednesday. The stock has a market capitalization of $132.84 billion, a price-to-earnings ratio of 29.17, a PEG ratio of 2.96 and a beta of 0.89. The TJX Companies, Inc. has a 1-year low of $86.71 and a 1-year high of $121.13. 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 business’s fifty day moving average price is $113.18 and its 200-day moving average price is $104.52.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The company had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. TJX Companies’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 earnings per share. On average, equities 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.