Handelsbanken Fonder AB grew its holdings in TJX Companies Inc (NYSE:TJX) by 149.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 442,430 shares of the apparel and home fashions retailer’s stock after acquiring an additional 264,835 shares during the quarter. Handelsbanken Fonder AB’s holdings in TJX Companies were worth $22,369,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Creative Financial Designs Inc. ADV acquired a new stake in TJX Companies during the second quarter worth approximately $26,000. Jackson Square Capital LLC lifted its position in shares of TJX Companies by 63.7% during the 2nd quarter. Jackson Square Capital LLC now owns 596 shares of the apparel and home fashions retailer’s stock valued at $30,000 after acquiring an additional 232 shares during the period. Truvestments Capital LLC lifted its position in shares of TJX Companies by 293.8% during the 2nd quarter. Truvestments Capital LLC now owns 634 shares of the apparel and home fashions retailer’s stock valued at $31,000 after acquiring an additional 473 shares during the period. Center for Financial Planning Inc. grew its holdings in shares of TJX Companies by 53.9% during the 1st quarter. Center for Financial Planning Inc. now owns 637 shares of the apparel and home fashions retailer’s stock worth $30,000 after purchasing an additional 223 shares in the last quarter. Finally, Prestige Wealth Management Group LLC increased its position in shares of TJX Companies by 46.0% in the first quarter. Prestige Wealth Management Group LLC now owns 844 shares of the apparel and home fashions retailer’s stock worth $40,000 after purchasing an additional 266 shares during the period. Institutional investors and hedge funds own 89.96% of the company’s stock.

In related news, EVP Kenneth Canestrari sold 22,200 shares of the business’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $55.55, for a total transaction of $1,233,210.00. Following the transaction, the executive vice president now owns 122,347 shares in the company, valued at approximately $6,796,375.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.18% of the company’s stock.

Several equities research analysts recently weighed in on TJX shares. UBS Group upped their price objective on shares of TJX Companies from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Barclays upped their price target on shares of TJX Companies from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Friday, May 22nd. Royal Bank of Canada increased their price target on shares of TJX Companies from $48.00 to $64.00 and gave the stock an “outperform” rating in a research report on Friday, May 22nd. TheStreet downgraded shares of TJX Companies from a “b” rating to a “c” rating in a research report on Thursday, May 21st. Finally, Morgan Stanley upped their target price on TJX Companies from $60.00 to $61.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $63.72.

NYSE:TJX traded up $0.88 on Wednesday, reaching $57.74. 231,587 shares of the stock traded hands, compared to its average volume of 8,666,545. TJX Companies Inc has a 1-year low of $32.72 and a 1-year high of $64.95. The company has a current ratio of 1.51, a quick ratio of 1.02 and a debt-to-equity ratio of 1.17. The company’s 50 day moving average is $54.55 and its 200-day moving average is $51.66. The firm has a market capitalization of $68.18 billion, a price-to-earnings ratio of 101.49, a price-to-earnings-growth ratio of 29.19 and a beta of 0.74.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported ($0.18) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.08). The business had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.58 billion. TJX Companies had a return on equity of 13.62% and a net margin of 2.11%. The company’s revenue for the quarter was down 31.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.62 earnings per share. On average, equities research analysts forecast that TJX Companies Inc will post 0.18 EPS for the current fiscal year.

TJX Companies Company Profile

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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