Constitution Capital LLC Boosts Holdings in The TJX Companies, Inc. (NYSE:TJX)

Constitution Capital LLC grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.5% in the second quarter, Holdings Channel.com reports. The firm owned 13,943 shares of the apparel and home fashions retailer’s stock after buying an additional 200 shares during the period. TJX Companies comprises about 0.7% of Constitution Capital LLC’s investment portfolio, making the stock its 25th biggest position. Constitution Capital LLC’s holdings in TJX Companies were worth $1,182,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Keel Point LLC boosted its position in shares of TJX Companies by 16.1% in the second quarter. Keel Point LLC now owns 4,061 shares of the apparel and home fashions retailer’s stock valued at $344,000 after acquiring an additional 563 shares during the period. Weybosset Research & Management LLC boosted its position in shares of TJX Companies by 0.4% in the second quarter. Weybosset Research & Management LLC now owns 154,418 shares of the apparel and home fashions retailer’s stock valued at $13,093,000 after acquiring an additional 649 shares during the period. American National Bank boosted its position in shares of TJX Companies by 14.4% in the second quarter. American National Bank now owns 1,872 shares of the apparel and home fashions retailer’s stock valued at $159,000 after acquiring an additional 235 shares during the period. Darwin Wealth Management LLC boosted its position in shares of TJX Companies by 26.6% in the second quarter. Darwin Wealth Management LLC now owns 27,442 shares of the apparel and home fashions retailer’s stock valued at $2,325,000 after acquiring an additional 5,771 shares during the period. Finally, Buckley Wealth Management LLC lifted its position in TJX Companies by 10.9% during the second quarter. Buckley Wealth Management LLC now owns 21,195 shares of the apparel and home fashions retailer’s stock valued at $1,797,000 after purchasing an additional 2,082 shares during the last quarter. Institutional investors own 89.28% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on TJX. BMO Capital Markets lifted their target price on shares of TJX Companies from $85.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, August 17th. Loop Capital lifted their price target on shares of TJX Companies from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, September 6th. JPMorgan Chase & Co. lifted their price target on shares of TJX Companies from $104.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, August 17th. Citigroup lifted their price target on shares of TJX Companies from $90.00 to $103.00 and gave the stock a “buy” rating in a research note on Thursday, August 17th. Finally, Barclays lifted their price target on shares of TJX Companies from $95.00 to $101.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 15th. Three investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $95.42.

Insider Activity at TJX Companies

In related news, EVP Kenneth Canestrari sold 4,197 shares of TJX Companies stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $90.00, for a total value of $377,730.00. Following the sale, the executive vice president now owns 115,223 shares in the company, valued at $10,370,070. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Kenneth Canestrari sold 4,197 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $90.00, for a total transaction of $377,730.00. Following the sale, the executive vice president now owns 115,223 shares in the company, valued at approximately $10,370,070. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Ernie Herrman sold 45,000 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $89.04, for a total transaction of $4,006,800.00. Following the sale, the chief executive officer now owns 642,098 shares in the company, valued at approximately $57,172,405.92. The disclosure for this sale can be found here. Insiders have sold a total of 114,014 shares of company stock worth $10,291,303 over the last quarter. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Trading Down 1.0 %

NYSE:TJX traded down $0.96 during trading hours on Tuesday, hitting $90.98. The company had a trading volume of 1,395,040 shares, compared to its average volume of 4,959,468. The company has a market capitalization of $104.09 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 2.24 and a beta of 0.89. The stock has a 50-day moving average price of $88.20 and a 200 day moving average price of $81.86. The TJX Companies, Inc. has a 52 week low of $59.78 and a 52 week high of $93.78. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.20 and a quick ratio of 0.56.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, August 16th. The apparel and home fashions retailer reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.08. The business had revenue of $12.76 billion for the quarter, compared to analysts’ expectations of $12.45 billion. TJX Companies had a net margin of 7.77% and a return on equity of 62.61%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.69 earnings per share. On average, equities research analysts predict that The TJX Companies, Inc. will post 3.71 EPS for the current fiscal year.

TJX Companies 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, kids, and gourmet food departments; jewelry and accessories; and other merchandise.