Quest Partners LLC Sells 16,669 Shares of The TJX Companies, Inc. (NYSE:TJX)

Quest Partners LLC cut its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 81.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,766 shares of the apparel and home fashions retailer’s stock after selling 16,669 shares during the period. Quest Partners LLC’s holdings in TJX Companies were worth $415,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TJX. Norges Bank acquired a new stake in shares of TJX Companies during the 4th quarter worth about $1,193,438,000. Price T Rowe Associates Inc. MD lifted its position in TJX Companies by 35.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock worth $1,249,237,000 after acquiring an additional 3,255,849 shares during the last quarter. PineStone Asset Management Inc. boosted its holdings in shares of TJX Companies by 134.2% during the second quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock worth $602,004,000 after acquiring an additional 3,132,960 shares during the period. Los Angeles Capital Management LLC grew its position in shares of TJX Companies by 80.6% in the second quarter. Los Angeles Capital Management LLC now owns 2,943,176 shares of the apparel and home fashions retailer’s stock valued at $324,044,000 after purchasing an additional 1,313,517 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of TJX Companies by 1.3% during the first quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer’s stock worth $9,886,073,000 after purchasing an additional 1,269,792 shares during the period. 91.09% of the stock is owned by institutional investors.

TJX Companies Trading Up 1.3 %

Shares of TJX Companies stock opened at $119.80 on Friday. The firm’s 50 day moving average is $114.33 and its 200 day moving average is $105.50. The firm has a market capitalization of $135.12 billion, a PE ratio of 29.73, a price-to-earnings-growth ratio of 2.98 and a beta of 0.89. The TJX Companies, Inc. has a 1 year low of $86.71 and a 1 year 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.

TJX Companies (NYSE:TJX) 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 return on equity of 63.19% and a net margin of 8.56%. The firm had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. During the same period last year, the firm posted $0.85 earnings per share. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities research analysts forecast that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TJX has been the topic of a number of research reports. Jefferies Financial Group upped their price objective on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on shares of TJX Companies in a research note on Tuesday, May 21st. TD Cowen raised their target price on shares of TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Bank of America lifted their price target 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. Finally, Robert W. Baird increased their price target on TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus target price 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.