Ritholtz Wealth Management Sells 4,129 Shares of The TJX Companies, Inc. (NYSE:TJX)

Posted by on Mar 27th, 2023

Ritholtz Wealth Management lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX – Get Rating) by 25.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 12,249 shares of the apparel and home fashions retailer’s stock after selling 4,129 shares during the period. Ritholtz Wealth Management’s holdings in TJX Companies were worth $975,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of TJX. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of TJX Companies in the third quarter worth about $27,000. Northern Oak Wealth Management Inc. bought a new position in shares of TJX Companies in the second quarter worth about $28,000. Coston McIsaac & Partners bought a new position in shares of TJX Companies in the second quarter worth about $31,000. Align Wealth Management LLC bought a new position in shares of TJX Companies in the fourth quarter worth about $33,000. Finally, Boyd Watterson Asset Management LLC OH bought a new position in shares of TJX Companies in the fourth quarter worth about $33,000. Institutional investors own 91.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TJX. Morgan Stanley boosted their target price on TJX Companies from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, February 23rd. Telsey Advisory Group restated an “outperform” rating and set a $95.00 price objective on shares of TJX Companies in a research report on Thursday, February 23rd. Cowen upped their price objective on TJX Companies from $84.00 to $85.00 in a research report on Tuesday, December 6th. Credit Suisse Group upped their price objective on TJX Companies from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, February 23rd. Finally, Robert W. Baird upped their price objective on TJX Companies from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, February 23rd. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and a consensus target price of $86.07.

TJX Companies Stock Up 0.3 %

Shares of NYSE:TJX opened at $74.87 on Monday. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 0.45. The business’s 50 day moving average is $78.49 and its 200 day moving average is $74.85. The stock has a market cap of $86.51 billion, a P/E ratio of 25.12, a price-to-earnings-growth ratio of 2.03 and a beta of 0.91. The TJX Companies, Inc. has a 52-week low of $53.69 and a 52-week high of $83.13.

TJX Companies (NYSE:TJX – Get Rating) last released its quarterly earnings data on Wednesday, February 22nd. The apparel and home fashions retailer reported $0.89 earnings per share for the quarter, meeting the consensus estimate of $0.89. TJX Companies had a return on equity of 63.68% and a net margin of 7.00%. The firm had revenue of $14.52 billion during the quarter, compared to the consensus estimate of $14.07 billion. During the same period in the previous year, the company posted $0.78 earnings per share. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. Sell-side analysts predict that The TJX Companies, Inc. will post 3.51 EPS for the current year.

About TJX Companies

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The TJX Cos., Inc engages in the retail of off-price apparel and home fashion products. It operates through the following segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The Marmaxx segment sells family apparel including apparel, home fashions, and other merchandise. The HomeGoods segment offers an assortment of home fashions, including furniture, rugs, lighting, soft home, decorative accessories, tabletop and cookware as well as expanded pet, kids, and gourmet food departments.

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

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