Massachusetts Financial Services Co. MA Reduces Holdings in The TJX Companies, Inc. (NYSE:TJX)

Massachusetts Financial Services Co. MA decreased its holdings in The TJX Companies, Inc. (NYSE:TJX) by 16.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,727,535 shares of the apparel and home fashions retailer’s stock after selling 527,347 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in TJX Companies were worth $300,302,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in TJX. Price T Rowe Associates Inc. MD boosted 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 buying an additional 3,255,849 shares during the last quarter. PineStone Asset Management Inc. lifted its holdings in TJX Companies by 134.2% during the second quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock valued at $602,004,000 after purchasing an additional 3,132,960 shares in the last quarter. Capital Wealth Planning LLC purchased a new position in TJX Companies during the second quarter valued at approximately $315,698,000. Los Angeles Capital Management LLC lifted its holdings in TJX Companies by 80.6% during the second quarter. Los Angeles Capital Management LLC now owns 2,943,176 shares of the apparel and home fashions retailer’s stock valued at $324,044,000 after purchasing an additional 1,313,517 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in TJX Companies by 1.3% during the first quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer’s stock valued at $9,886,073,000 after purchasing an additional 1,269,792 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Down 0.2 %

Shares of TJX opened at $119.60 on Tuesday. The company’s fifty day moving average is $114.48 and its 200 day moving average is $105.71. The TJX Companies, Inc. has a fifty-two week low of $86.71 and a fifty-two week high of $121.13. The stock has a market capitalization of $135.17 billion, a PE ratio of 29.68, a P/E/G ratio of 2.99 and a beta of 0.89. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share 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 company had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. During the same quarter in the previous year, the business posted $0.85 earnings per share. TJX Companies’s quarterly revenue was up 5.6% on a year-over-year basis. Sell-side analysts expect that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the transaction, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft set a $114.00 price target on shares of TJX Companies in a report on Tuesday, May 21st. UBS Group lifted their price target on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Barclays lifted 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. Telsey Advisory Group reiterated an “outperform” rating and set a $128.00 price objective on shares of TJX Companies in a research report on Wednesday, August 21st. Finally, Sanford C. Bernstein lifted their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.