Beck Bode LLC Cuts Stake in The TJX Companies, Inc. (NYSE:TJX)

Beck Bode LLC decreased its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 62.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,352 shares of the apparel and home fashions retailer's stock after selling 12,079 shares during the period. Beck Bode LLC's holdings in TJX Companies were worth $809,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TJX. Valued Wealth Advisors LLC increased its holdings in TJX Companies by 260.3% in the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer's stock valued at $25,000 after buying an additional 177 shares in the last quarter. Richard W. Paul & Associates LLC purchased a new stake in shares of TJX Companies during the second quarter worth about $25,000. Frazier Financial Advisors LLC purchased a new stake in shares of TJX Companies during the fourth quarter worth about $27,000. OFI Invest Asset Management purchased a new stake in shares of TJX Companies during the first quarter worth about $30,000. Finally, AlphaMark Advisors LLC increased its stake in shares of TJX Companies by 58.4% during the first quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer's stock worth $34,000 after purchasing an additional 122 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Trading Down 0.5 %

NYSE:TJX traded down $0.59 on Wednesday, hitting $117.25. The stock had a trading volume of 3,173,686 shares, compared to its average volume of 5,366,209. 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 stock has a market cap of $132.24 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 3.02 and a beta of 0.89. The company has a fifty day moving average price of $114.68 and a two-hundred day moving average price of $105.93. The TJX Companies, Inc. has a 1-year low of $86.71 and a 1-year high of $121.13.

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 for the quarter, beating the consensus estimate of $0.92 by $0.04. The company had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. TJX Companies's revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 EPS. Equities research analysts expect that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the company's 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 transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TJX. BMO Capital Markets boosted their target price 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. Telsey Advisory Group reissued an "outperform" rating and set a $128.00 target price on shares of TJX Companies in a research note on Wednesday, August 21st. Wells Fargo & Company boosted their target price on shares of TJX Companies from $100.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 22nd. Robert W. Baird boosted their target price on shares of TJX Companies from $113.00 to $128.00 and gave the stock an "outperform" rating in a research note on Thursday, August 22nd. Finally, UBS Group boosted their target price on shares of TJX Companies from $134.00 to $148.00 and gave the stock a "buy" rating in a research note on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $126.76.

TJX Companies Company Profile

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.