Citizens Financial Group Inc. RI Buys 12,997 Shares of The TJX Companies, Inc. (NYSE:TJX)

Citizens Financial Group Inc. RI boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 12.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 114,106 shares of the apparel and home fashions retailer's stock after buying an additional 12,997 shares during the quarter. Citizens Financial Group Inc. RI's holdings in TJX Companies were worth $12,563,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Running Oak Capital LLC increased its position in TJX Companies by 10.9% during the first quarter. Running Oak Capital LLC now owns 111,987 shares of the apparel and home fashions retailer's stock worth $11,358,000 after buying an additional 11,036 shares during the last quarter. New Mexico Educational Retirement Board grew its position in shares of TJX Companies by 15.9% in the first quarter. New Mexico Educational Retirement Board now owns 69,380 shares of the apparel and home fashions retailer's stock valued at $7,037,000 after purchasing an additional 9,500 shares during the last quarter. Options Solutions LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at about $726,000. Advisors Capital Management LLC grew its position in shares of TJX Companies by 3.7% in the first quarter. Advisors Capital Management LLC now owns 572,324 shares of the apparel and home fashions retailer's stock valued at $58,045,000 after purchasing an additional 20,629 shares during the last quarter. Finally, Evoke Wealth LLC grew its position in shares of TJX Companies by 55.2% in the fourth quarter. Evoke Wealth LLC now owns 122,100 shares of the apparel and home fashions retailer's stock valued at $11,454,000 after purchasing an additional 43,405 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Price Performance

TJX traded down $0.20 during midday trading on Monday, reaching $119.61. 3,392,023 shares of the company's stock were exchanged, compared to its average volume of 5,386,821. The TJX Companies, Inc. has a one year low of $86.71 and a one year high of $121.13. The business has a 50-day simple moving average of $114.33 and a two-hundred day simple moving average of $105.57. 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 firm has a market capitalization of $135.18 billion, a price-to-earnings ratio of 29.67, a price-to-earnings-growth ratio of 2.99 and a beta of 0.89.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company had revenue of $13.47 billion during the quarter, compared to analysts' expectations of $13.31 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. TJX Companies's quarterly revenue was up 5.6% compared to the same quarter last year. As a group, research analysts predict that The TJX Companies, Inc. will post 4.15 EPS for the current year.

Insider Activity

In other news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction that occurred on 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 $63,018,835.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group raised their price target on TJX Companies from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, August 22nd. Barclays raised their price target on TJX Companies from $114.00 to $136.00 and gave the company an "overweight" rating in a research report on Thursday, August 22nd. Wells Fargo & Company raised their price target on TJX Companies from $100.00 to $115.00 and gave the company an "equal weight" rating in a research report on Thursday, August 22nd. Citigroup downgraded TJX Companies from a "buy" rating to a "neutral" rating and raised their price target for the company from $110.00 to $128.00 in a research report on Thursday, August 22nd. Finally, Evercore ISI raised their price target on TJX Companies from $115.00 to $126.00 and gave the company an "outperform" rating in a research report on Monday, August 19th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company 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.