Oxbow Advisors LLC Sells 180 Shares of The TJX Companies, Inc. (NYSE:TJX)

Oxbow Advisors LLC trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX) by 6.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,468 shares of the apparel and home fashions retailer’s stock after selling 180 shares during the quarter. Oxbow Advisors LLC’s holdings in TJX Companies were worth $272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Dearborn Partners LLC boosted its holdings in shares of TJX Companies by 4.0% during the 2nd quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer’s stock worth $260,000 after buying an additional 90 shares in the last quarter. Armbruster Capital Management Inc. boosted its stake in TJX Companies by 4.9% during the second quarter. Armbruster Capital Management Inc. now owns 2,097 shares of the apparel and home fashions retailer’s stock worth $231,000 after acquiring an additional 97 shares in the last quarter. Aprio Wealth Management LLC grew its holdings in TJX Companies by 4.8% in the second quarter. Aprio Wealth Management LLC now owns 2,176 shares of the apparel and home fashions retailer’s stock worth $240,000 after purchasing an additional 99 shares during the period. Mcdonald Partners LLC grew its holdings in TJX Companies by 4.4% in the second quarter. Mcdonald Partners LLC now owns 2,344 shares of the apparel and home fashions retailer’s stock worth $258,000 after purchasing an additional 99 shares during the period. Finally, M3 Advisory Group LLC increased its stake in TJX Companies by 4.1% in the second quarter. M3 Advisory Group LLC now owns 2,520 shares of the apparel and home fashions retailer’s stock valued at $277,000 after purchasing an additional 99 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on TJX shares. StockNews.com downgraded TJX Companies from a “buy” rating to a “hold” rating in a research note on Saturday. Wells Fargo & Company increased their price target on TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, August 22nd. Morgan Stanley boosted their price objective on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Evercore ISI lifted their price target on shares of TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Finally, Jefferies Financial Group upped their price objective on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a 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 stock. According to MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and a consensus price target of $126.76.

TJX Companies Price Performance

TJX Companies stock opened at $115.62 on Friday. The TJX Companies, Inc. has a 52 week low of $86.71 and a 52 week high of $121.13. The company’s 50 day moving average price is $113.58 and its two-hundred day moving average price is $104.88. The stock has a market cap of $130.67 billion, a P/E ratio of 28.69, a P/E/G ratio of 2.97 and a beta of 0.89. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping 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 business had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. During the same period last 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. On average, equities analysts predict that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

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.