Mitsubishi UFJ Kokusai Asset Management Co. Ltd. decreased its position in shares of TJX Companies Inc (NYSE:TJX) by 4.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 254,507 shares of the apparel and home fashions retailer’s stock after selling 11,331 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in TJX Companies were worth $12,168,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in TJX. Sugarloaf Wealth Management LLC acquired a new position in TJX Companies during the fourth quarter valued at approximately $28,000. FSA Wealth Management LLC acquired a new position in TJX Companies during the fourth quarter worth about $29,000. Lion Street Advisors LLC bought a new position in shares of TJX Companies in the first quarter worth about $29,000. Solstein Capital LLC bought a new position in shares of TJX Companies in the fourth quarter worth about $31,000. Finally, Westside Investment Management Inc. acquired a new stake in shares of TJX Companies in the 1st quarter valued at approximately $33,000. 88.45% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have weighed in on the stock. DA Davidson raised their target price on shares of TJX Companies from $57.00 to $65.00 and gave the company a “buy” rating in a research report on Friday. Wells Fargo & Co boosted their price objective on TJX Companies from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday. Citigroup upped their target price on TJX Companies from $57.00 to $63.00 and gave the stock a “buy” rating in a report on Friday. Gordon Haskett raised TJX Companies from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Thursday, February 27th. Finally, Barclays upped their price target on TJX Companies from $60.00 to $64.00 and gave the stock an “overweight” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $64.04.
NYSE:TJX traded down $0.89 during trading hours on Friday, hitting $53.41. 13,418,907 shares of the company’s stock traded hands, compared to its average volume of 11,063,555. TJX Companies Inc has a 52 week low of $32.72 and a 52 week high of $64.95. The business’s fifty day simple moving average is $47.52 and its two-hundred day simple moving average is $55.87. The company has a quick ratio of 0.56, a current ratio of 2.20 and a debt-to-equity ratio of 3.19. The firm has a market cap of $65.04 billion, a P/E ratio of 38.99, a P/E/G ratio of 4.03 and a beta of 0.70.
TJX Companies (NYSE:TJX) last released its quarterly earnings results on Thursday, May 21st. The apparel and home fashions retailer reported ($0.74) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.56). The business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.92 billion. TJX Companies had a net margin of 4.57% and a return on equity of 31.29%. The business’s revenue was down 52.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.57 EPS. On average, analysts expect that TJX Companies Inc will post 1.28 EPS for the current year.
TJX Companies Company Profile
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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