Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Trims Position in TJX Companies Inc (NYSE:TJX)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. decreased its position in shares of TJX Companies Inc (NYSE:TJX) by 4.3% during the first quarter, Holdings Channel reports. 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 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of TJX. Nicholas Hoffman & Company LLC. increased its stake in TJX Companies by 21.4% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 9,533 shares of the apparel and home fashions retailer’s stock worth $456,000 after buying an additional 1,683 shares in the last quarter. National Asset Management Inc. lifted its position in shares of TJX Companies by 83.0% in the first quarter. National Asset Management Inc. now owns 47,519 shares of the apparel and home fashions retailer’s stock valued at $2,274,000 after acquiring an additional 21,550 shares in the last quarter. Toroso Investments LLC boosted its stake in shares of TJX Companies by 58.1% in the first quarter. Toroso Investments LLC now owns 5,468 shares of the apparel and home fashions retailer’s stock worth $261,000 after acquiring an additional 2,009 shares during the period. Front Row Advisors LLC grew its position in shares of TJX Companies by 4.2% during the first quarter. Front Row Advisors LLC now owns 38,595 shares of the apparel and home fashions retailer’s stock worth $1,893,000 after purchasing an additional 1,552 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of TJX Companies by 43.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 67,803 shares of the apparel and home fashions retailer’s stock worth $3,242,000 after purchasing an additional 20,518 shares in the last quarter. 88.45% of the stock is owned by institutional investors.

Shares of NYSE TJX traded down $0.89 during midday trading on Friday, hitting $53.41. The company’s stock had a trading volume of 13,418,907 shares, compared to its average volume of 11,063,555. TJX Companies Inc has a 12-month low of $32.72 and a 12-month high of $64.95. The company has a current ratio of 2.20, a quick ratio of 0.56 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 price-to-earnings-growth ratio of 4.03 and a beta of 0.70. The business’s 50 day moving average is $47.52 and its two-hundred day moving average is $55.87.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Thursday, May 21st. The apparel and home fashions retailer reported ($0.74) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.56). TJX Companies had a net margin of 4.57% and a return on equity of 31.29%. The business had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.92 billion. During the same period last year, the company earned $0.57 EPS. The business’s revenue was down 52.5% compared to the same quarter last year. On average, analysts predict that TJX Companies Inc will post 1.28 earnings per share for the current fiscal year.

Several research analysts have weighed in on the company. Nomura Instinet upped their price target on TJX Companies from $59.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday. Nomura Securities reduced their price target on shares of TJX Companies from $58.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday, March 31st. DA Davidson boosted their price target on shares of TJX Companies from $57.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday. MKM Partners raised their price objective on TJX Companies from $70.00 to $74.00 in a research report on Thursday, February 27th. Finally, TheStreet downgraded TJX Companies from a “b” rating to a “c” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $64.04.

TJX Companies 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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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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