Sentry Investment Management LLC Sells 1,131 Shares of The TJX Companies, Inc. (NYSE:TJX)

Sentry Investment Management LLC reduced its position in The TJX Companies, Inc. (NYSE:TJX) by 17.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 5,522 shares of the apparel and home fashions retailer’s stock after selling 1,131 shares during the period. Sentry Investment Management LLC’s holdings in TJX Companies were worth $608,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of TJX Companies by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer’s stock worth $9,886,073,000 after purchasing an additional 1,269,792 shares during the last quarter. Royal Bank of Canada raised its stake in TJX Companies by 7.9% during the 4th quarter. Royal Bank of Canada now owns 14,219,312 shares of the apparel and home fashions retailer’s stock worth $1,333,913,000 after buying an additional 1,046,148 shares during the period. Janus Henderson Group PLC lifted its holdings in TJX Companies by 2.7% during the first quarter. Janus Henderson Group PLC now owns 13,226,465 shares of the apparel and home fashions retailer’s stock worth $1,341,392,000 after acquiring an additional 346,938 shares in the last quarter. Norges Bank acquired a new position in TJX Companies in the fourth quarter valued at about $1,193,438,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of TJX Companies by 35.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock worth $1,249,237,000 after acquiring an additional 3,255,849 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on TJX shares. Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $110.00 to $128.00 in a report on Thursday, August 22nd. Robert W. Baird increased their price objective on TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Evercore ISI raised their price target on shares of TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Morgan Stanley boosted their price objective on shares of TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Finally, BMO Capital Markets lifted their price target on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and a consensus target price of $126.76.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $117.83 on Wednesday. The stock’s fifty day simple moving average is $113.86 and its two-hundred day simple moving average is $105.18. The stock has a market cap of $133.17 billion, a PE ratio of 29.24, a price-to-earnings-growth ratio of 2.92 and a beta of 0.89. 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 1-year low of $86.71 and a 1-year high of $121.13.

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

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