The TJX Companies, Inc. (NYSE:TJX) Position Decreased by Spectrum Wealth Counsel LLC

Spectrum Wealth Counsel LLC reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 118,992 shares of the apparel and home fashions retailer's stock after selling 4,339 shares during the quarter. TJX Companies accounts for approximately 1.7% of Spectrum Wealth Counsel LLC's holdings, making the stock its 15th largest holding. Spectrum Wealth Counsel LLC's holdings in TJX Companies were worth $13,101,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TJX. Valued Wealth Advisors LLC grew its stake in TJX Companies by 260.3% during the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer's stock valued at $25,000 after purchasing an additional 177 shares in the last quarter. Richard W. Paul & Associates LLC acquired a new stake in shares of TJX Companies during the second quarter worth approximately $25,000. Frazier Financial Advisors LLC bought a new stake in shares of TJX Companies in the fourth quarter worth $27,000. OFI Invest Asset Management acquired a new stake in TJX Companies in the first quarter valued at $30,000. Finally, AlphaMark Advisors LLC raised its holdings in TJX Companies by 58.4% in the first quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer's stock valued at $34,000 after acquiring an additional 122 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity at TJX Companies

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 value of $1,763,100.00. Following the completion of the transaction, the chief executive officer now owns 536,148 shares in the company, valued at approximately $63,018,835.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.13% of the company's stock.

TJX Companies Stock Performance

TJX Companies stock traded up $1.59 during midday trading on Friday, reaching $119.81. 3,961,111 shares of the stock traded hands, compared to its average volume of 5,270,323. The TJX Companies, Inc. has a fifty-two week low of $86.71 and a fifty-two week high of $121.13. 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 firm has a market cap of $135.40 billion, a price-to-earnings ratio of 29.73, a PEG ratio of 2.99 and a beta of 0.89. The firm has a fifty day moving average price of $114.33 and a two-hundred day moving average price of $105.57.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.04. The business had revenue of $13.47 billion during 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%. The business's revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 earnings per share. On average, equities research analysts forecast that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Sanford C. Bernstein boosted their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an "outperform" rating in a research report on Thursday, May 23rd. Wells Fargo & Company boosted their price objective on TJX Companies from $100.00 to $115.00 and gave the company an "equal weight" rating in a report on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft set a $114.00 target price on TJX Companies in a report on Tuesday, May 21st. UBS Group boosted their price target on TJX Companies from $134.00 to $148.00 and gave the company a "buy" rating in a report on Thursday, August 22nd. Finally, Jefferies Financial Group raised their price objective on TJX Companies from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company presently 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.