Wesbanco Bank Inc. Boosts Stock Position in TJX Companies Inc (NYSE:TJX)

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Wesbanco Bank Inc. grew its stake in TJX Companies Inc (NYSE:TJX) by 12.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,925 shares of the apparel and home fashions retailer’s stock after purchasing an additional 3,322 shares during the period. Wesbanco Bank Inc.’s holdings in TJX Companies were worth $1,582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Krane Funds Advisors LLC purchased a new stake in shares of TJX Companies in the second quarter valued at approximately $25,000. CSU Producer Resources Inc. purchased a new stake in shares of TJX Companies in the first quarter valued at approximately $27,000. Capital Advisors Ltd. LLC grew its position in shares of TJX Companies by 202.6% in the second quarter. Capital Advisors Ltd. LLC now owns 587 shares of the apparel and home fashions retailer’s stock valued at $31,000 after purchasing an additional 393 shares in the last quarter. Lenox Wealth Management Inc. grew its position in shares of TJX Companies by 92.0% in the first quarter. Lenox Wealth Management Inc. now owns 626 shares of the apparel and home fashions retailer’s stock valued at $33,000 after purchasing an additional 300 shares in the last quarter. Finally, Westside Investment Management Inc. purchased a new stake in shares of TJX Companies in the second quarter valued at approximately $37,000. Institutional investors and hedge funds own 89.48% of the company’s stock.

TJX has been the subject of a number of analyst reports. Credit Suisse Group upped their price target on TJX Companies from $55.00 to $56.00 and gave the company a “neutral” rating in a research report on Wednesday, May 22nd. DA Davidson set a $65.00 price target on TJX Companies and gave the company a “buy” rating in a research report on Wednesday, August 21st. Nomura upped their price target on TJX Companies from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. MKM Partners set a $62.00 price objective on TJX Companies and gave the company a “buy” rating in a report on Wednesday, August 21st. Finally, Zacks Investment Research upgraded TJX Companies from a “sell” rating to a “hold” rating and set a $58.00 price objective on the stock in a report on Monday, September 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $59.35.

TJX traded down $0.17 during trading hours on Friday, reaching $56.58. The company’s stock had a trading volume of 3,421,365 shares, compared to its average volume of 7,123,016. TJX Companies Inc has a fifty-two week low of $41.49 and a fifty-two week high of $57.31. The stock has a market cap of $68.55 billion, a PE ratio of 26.82, a P/E/G ratio of 2.05 and a beta of 0.68. The business’s 50-day moving average is $53.86 and its 200-day moving average is $53.35. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.25 and a quick ratio of 0.48.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 EPS for the quarter, meeting analysts’ consensus estimates of $0.62. TJX Companies had a return on equity of 57.64% and a net margin of 7.66%. The firm had revenue of $9.78 billion for the quarter, compared to analysts’ expectations of $9.89 billion. During the same period in the prior year, the firm posted $1.17 earnings per share. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. Analysts expect that TJX Companies Inc will post 2.61 EPS for the current year.

About TJX Companies

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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