Kestra Private Wealth Services LLC Acquires 1,036 Shares of The TJX Companies, Inc. (NYSE:TJX)

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Kestra Private Wealth Services LLC increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJXGet Rating) by 5.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 20,234 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,036 shares during the period. Kestra Private Wealth Services LLC’s holdings in TJX Companies were worth $1,226,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Gateway Investment Advisers LLC grew its holdings in TJX Companies by 11.9% during the first quarter. Gateway Investment Advisers LLC now owns 15,512 shares of the apparel and home fashions retailer’s stock worth $940,000 after purchasing an additional 1,650 shares during the period. Capital Investment Advisors LLC bought a new stake in shares of TJX Companies during the first quarter worth approximately $120,000. AIA Group Ltd boosted its holdings in shares of TJX Companies by 40.5% during the first quarter. AIA Group Ltd now owns 11,735 shares of the apparel and home fashions retailer’s stock worth $711,000 after acquiring an additional 3,385 shares during the period. Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in shares of TJX Companies by 9.7% during the first quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 35,210 shares of the apparel and home fashions retailer’s stock worth $2,133,000 after acquiring an additional 3,102 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of TJX Companies by 20.6% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 9,699 shares of the apparel and home fashions retailer’s stock worth $588,000 after acquiring an additional 1,660 shares during the period. Institutional investors own 90.42% of the company’s stock.

TJX Companies Stock Down 0.3 %

Shares of NYSE:TJX opened at $64.66 on Friday. The company has a fifty day moving average of $63.31 and a 200-day moving average of $61.63. The company has a market capitalization of $75.07 billion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 1.97 and a beta of 0.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.47 and a current ratio of 1.17. The TJX Companies, Inc. has a 52-week low of $53.69 and a 52-week high of $77.35.

TJX Companies (NYSE:TJXGet Rating) last issued its quarterly earnings data on Wednesday, August 17th. The apparel and home fashions retailer reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.02. TJX Companies had a net margin of 6.77% and a return on equity of 61.19%. The company had revenue of $11.84 billion for the quarter, compared to analysts’ expectations of $12.05 billion. During the same quarter in the previous year, the firm posted $0.79 earnings per share. TJX Companies’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, equities analysts predict that The TJX Companies, Inc. will post 3.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TJX has been the subject of a number of research analyst reports. Cowen boosted their price objective on TJX Companies from $72.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, August 18th. StockNews.com cut TJX Companies from a “buy” rating to a “hold” rating in a report on Thursday, July 28th. Morgan Stanley lifted their price target on shares of TJX Companies from $75.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, August 18th. Gordon Haskett downgraded shares of TJX Companies from a “buy” rating to a “hold” rating and dropped their price target for the company from $67.00 to $60.00 in a research report on Thursday, July 28th. Finally, Barclays lifted their price target on shares of TJX Companies from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Friday, August 19th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $74.94.

Insider Buying and Selling

In related news, EVP Louise Greenlees sold 8,822 shares of the business’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $68.00, for a total value of $599,896.00. Following the sale, the executive vice president now owns 58,335 shares of the company’s stock, valued at $3,966,780. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other TJX Companies news, CFO Scott Goldenberg sold 16,551 shares of the company’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $68.00, for a total transaction of $1,125,468.00. Following the sale, the chief financial officer now owns 102,576 shares of the company’s stock, valued at $6,975,168. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Louise Greenlees sold 8,822 shares of the company’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $68.00, for a total transaction of $599,896.00. Following the sale, the executive vice president now directly owns 58,335 shares in the company, valued at approximately $3,966,780. The disclosure for this sale can be found here. Insiders have sold a total of 146,375 shares of company stock valued at $9,821,034 over the last 90 days. 0.19% of the stock is owned by insiders.

About TJX Companies

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The TJX Companies, Inc, together with its subsidiaries, 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; and other merchandise.

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