Arizona State Retirement System Acquires 1,406 Shares of The TJX Companies, Inc. (NYSE:TJX)

Arizona State Retirement System grew its position in The TJX Companies, Inc. (NYSE:TJX) by 0.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 328,456 shares of the apparel and home fashions retailer’s stock after acquiring an additional 1,406 shares during the period. Arizona State Retirement System’s holdings in TJX Companies were worth $36,163,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Denver PWM LLC acquired a new stake in shares of TJX Companies in the second quarter valued at approximately $50,000. Verus Financial Partners Inc. grew its holdings in TJX Companies by 7.6% during the 2nd quarter. Verus Financial Partners Inc. now owns 3,195 shares of the apparel and home fashions retailer’s stock worth $352,000 after acquiring an additional 227 shares during the period. Columbia Asset Management grew its holdings in TJX Companies by 17.2% during the 2nd quarter. Columbia Asset Management now owns 3,424 shares of the apparel and home fashions retailer’s stock worth $377,000 after acquiring an additional 502 shares during the period. 9258 Wealth Management LLC grew its holdings in TJX Companies by 5.7% during the 2nd quarter. 9258 Wealth Management LLC now owns 15,502 shares of the apparel and home fashions retailer’s stock worth $1,707,000 after acquiring an additional 830 shares during the period. Finally, Kornitzer Capital Management Inc. KS grew its holdings in TJX Companies by 3.4% during the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 10,577 shares of the apparel and home fashions retailer’s stock worth $1,165,000 after acquiring an additional 350 shares during the period. Institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Down 0.1 %

TJX opened at $117.89 on Friday. The firm’s fifty day simple moving average is $113.47 and its 200 day simple moving average is $104.70. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The TJX Companies, Inc. has a 12 month low of $86.71 and a 12 month high of $121.13. The stock has a market capitalization of $132.96 billion, a P/E ratio of 29.28, a P/E/G ratio of 2.97 and a beta of 0.89.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. During the same period in the previous year, the firm posted $0.85 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, research analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on TJX shares. Sanford C. Bernstein lifted their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Barclays boosted their price target on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and boosted their price target for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Robert W. Baird boosted their price target on shares of TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Finally, Jefferies Financial Group boosted their price target on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.76.

About TJX Companies

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, and gourmet food departments; jewelry and accessories; and other merchandise.