Connors Investor Services Inc. Sells 61,149 Shares of The TJX Companies, Inc. (NYSE:TJX)

Connors Investor Services Inc. lessened its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 43.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 79,866 shares of the apparel and home fashions retailer's stock after selling 61,149 shares during the period. Connors Investor Services Inc.'s holdings in TJX Companies were worth $8,793,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Dearborn Partners LLC increased its stake in shares of TJX Companies by 4.0% in the 2nd quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer's stock valued at $260,000 after buying an additional 90 shares during the period. Wambolt & Associates LLC grew its holdings in shares of TJX Companies by 1.4% during the second quarter. Wambolt & Associates LLC now owns 6,791 shares of the apparel and home fashions retailer's stock worth $751,000 after buying an additional 94 shares in the last quarter. Armbruster Capital Management Inc. raised its holdings in shares of TJX Companies by 4.9% in the second quarter. Armbruster Capital Management Inc. now owns 2,097 shares of the apparel and home fashions retailer's stock valued at $231,000 after purchasing an additional 97 shares during the last quarter. Aprio Wealth Management LLC lifted its position in TJX Companies by 4.8% during the 2nd quarter. Aprio Wealth Management LLC now owns 2,176 shares of the apparel and home fashions retailer's stock worth $240,000 after buying an additional 99 shares in the last quarter. Finally, Mcdonald Partners LLC boosted its position in TJX Companies by 4.4% during the second quarter. Mcdonald Partners LLC now owns 2,344 shares of the apparel and home fashions retailer's stock valued at $258,000 after purchasing an additional 99 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Ernie Herrman sold 15,000 shares of the company's stock in a transaction dated Tuesday, September 10th. The stock was 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 in the company, valued at $63,018,835.92. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.13% of the stock is currently owned by insiders.

TJX Companies Stock Performance

TJX Companies stock traded down $1.77 during midday trading on Tuesday, reaching $117.84. The stock had a trading volume of 3,863,003 shares, compared to its average volume of 5,378,403. The firm has a market capitalization of $133.18 billion, a PE ratio of 29.24, a P/E/G ratio of 2.99 and a beta of 0.89. The TJX Companies, Inc. has a 12 month low of $86.71 and a 12 month high of $121.13. 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's 50-day moving average price is $114.59 and its 200 day moving average price is $105.85.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly 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 net margin of 8.56% and a return on equity of 63.19%. The company had revenue of $13.47 billion for the quarter, compared to analysts' expectations of $13.31 billion. During the same period in the prior year, the company posted $0.85 EPS. TJX Companies's 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 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TJX shares. Bank of America lifted their price objective on shares of TJX Companies from $115.00 to $135.00 and gave the company a "buy" rating in a research report on Thursday, August 22nd. TD Cowen upped their price objective on shares of TJX Companies from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, August 22nd. Sanford C. Bernstein lifted their price target on TJX Companies from $115.00 to $120.00 and gave the company an "outperform" rating in a research note on Thursday, May 23rd. Jefferies Financial Group increased their price objective on shares of TJX Companies from $130.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, August 22nd. Finally, Wells Fargo & Company lifted their price target on TJX Companies from $100.00 to $115.00 and gave the company an "equal weight" rating in a research note on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from 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.