Bard Financial Services Inc. Buys New Shares in The TJX Companies, Inc. (NYSE:TJX)

Bard Financial Services Inc. bought a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 2,500 shares of the apparel and home fashions retailer’s stock, valued at approximately $212,000.

Other institutional investors also recently modified their holdings of the company. ZRC Wealth Management LLC acquired a new position in shares of TJX Companies during the 2nd quarter valued at $25,000. Tucker Asset Management LLC bought a new stake in TJX Companies during the 1st quarter valued at $25,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in TJX Companies during the 1st quarter valued at $25,000. ICA Group Wealth Management LLC bought a new stake in TJX Companies during the 4th quarter valued at $27,000. Finally, Lakewood Asset Management LLC bought a new stake in TJX Companies during the 4th quarter valued at $28,000. Institutional investors and hedge funds own 89.28% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $92.44 on Monday. The company’s 50-day moving average is $88.20 and its 200 day moving average is $81.86. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.56 and a current ratio of 1.20. The company has a market capitalization of $105.76 billion, a P/E ratio of 27.11, a price-to-earnings-growth ratio of 2.26 and a beta of 0.89. The TJX Companies, Inc. has a fifty-two week low of $59.78 and a fifty-two week high of $93.78.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, August 16th. The apparel and home fashions retailer reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.08. The firm had revenue of $12.76 billion during the quarter, compared to analyst estimates of $12.45 billion. TJX Companies had a net margin of 7.77% and a return on equity of 62.61%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the business earned $0.69 earnings per share. On average, equities research analysts forecast that The TJX Companies, Inc. will post 3.71 earnings per share for the current year.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 45,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 642,098 shares in the company, valued at $57,172,405.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Kenneth Canestrari sold 4,197 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 115,223 shares in the company, valued at $10,370,070. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ernie Herrman sold 45,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 642,098 shares of the company’s stock, valued at $57,172,405.92. The disclosure for this sale can be found here. Insiders sold 114,014 shares of company stock worth $10,291,303 over the last quarter. 0.13% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of TJX Companies from $88.00 to $92.00 and gave the company an “equal weight” rating in a research note on Monday, September 11th. Citigroup boosted their price target on shares of TJX Companies from $90.00 to $103.00 and gave the company a “buy” rating in a research note on Thursday, August 17th. Robert W. Baird boosted their price target on shares of TJX Companies from $90.00 to $96.00 and gave the company an “outperform” rating in a research note on Thursday, August 17th. BMO Capital Markets upped their target price on shares of TJX Companies from $85.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, August 17th. Finally, UBS Group upped their target price on shares of TJX Companies from $88.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, August 17th. Three investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and an average target price of $95.42.

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.