Mitsubishi UFJ Trust & Banking Corp Trims Stake in The TJX Companies, Inc. (NYSE:TJX)

Mitsubishi UFJ Trust & Banking Corp decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 14.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,109,707 shares of the apparel and home fashions retailer’s stock after selling 187,810 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in The TJX Companies were worth $73,600,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Jennison Associates LLC grew its stake in shares of The TJX Companies by 152,536.5% in the 4th quarter. Jennison Associates LLC now owns 15,352,184 shares of the apparel and home fashions retailer’s stock worth $1,048,401,000 after buying an additional 15,342,126 shares during the last quarter. Norges Bank purchased a new stake in shares of The TJX Companies in the 4th quarter worth approximately $870,385,000. Price T Rowe Associates Inc. MD grew its stake in shares of The TJX Companies by 45.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 21,623,217 shares of the apparel and home fashions retailer’s stock worth $1,476,649,000 after buying an additional 6,706,718 shares during the last quarter. FMR LLC grew its stake in shares of The TJX Companies by 19.6% in the 4th quarter. FMR LLC now owns 26,414,339 shares of the apparel and home fashions retailer’s stock worth $1,803,835,000 after buying an additional 4,330,736 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its stake in shares of The TJX Companies by 67.2% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 7,893,542 shares of the apparel and home fashions retailer’s stock worth $539,047,000 after buying an additional 3,173,259 shares during the last quarter. Hedge funds and other institutional investors own 88.25% of the company’s stock.

In related news, EVP Richard Sherr sold 40,253 shares of the firm’s stock in a transaction on Tuesday, April 13th. The stock was sold at an average price of $68.84, for a total value of $2,771,016.52. Following the transaction, the executive vice president now directly owns 97,491 shares of the company’s stock, valued at approximately $6,711,280.44. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.19% of the stock is currently owned by company insiders.

Shares of The TJX Companies stock opened at $65.03 on Thursday. The TJX Companies, Inc. has a one year low of $48.73 and a one year high of $74.65. The business has a fifty day moving average of $68.86. The company has a market cap of $78.46 billion, a PE ratio of 52.44, a P/E/G ratio of 2.46 and a beta of 0.98. The company has a current ratio of 1.52, a quick ratio of 1.00 and a debt-to-equity ratio of 0.87.

The TJX Companies (NYSE:TJX) last announced its earnings results on Tuesday, May 18th. The apparel and home fashions retailer reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.13. The TJX Companies had a return on equity of 32.30% and a net margin of 4.00%. The company had revenue of $10.09 billion for the quarter, compared to analysts’ expectations of $8.34 billion. During the same period last year, the firm earned ($0.74) EPS. The TJX Companies’s revenue for the quarter was up 128.8% compared to the same quarter last year. As a group, equities research analysts anticipate that The TJX Companies, Inc. will post 2.57 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 2nd. Investors of record on Thursday, August 12th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, August 11th. This represents a $1.04 dividend on an annualized basis and a yield of 1.60%. The TJX Companies’s dividend payout ratio is currently 335.48%.

Several analysts have commented on the company. Wells Fargo & Company cut their target price on The TJX Companies from $84.00 to $75.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 23rd. JPMorgan Chase & Co. increased their target price on The TJX Companies from $78.00 to $81.00 and gave the company an “overweight” rating in a research note on Monday, May 17th. Barclays increased their target price on The TJX Companies from $82.00 to $87.00 and gave the company an “overweight” rating in a research note on Thursday, May 20th. Gordon Haskett reiterated a “hold” rating and set a $68.00 target price (down from $76.00) on shares of The TJX Companies in a research note on Wednesday, March 3rd. Finally, Zacks Investment Research upgraded The TJX Companies from a “strong sell” rating to a “hold” rating and set a $73.00 target price on the stock in a research note on Tuesday, April 27th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $73.47.

About The TJX Companies

The TJX Companies, Inc, together with its subsidiaries, 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; fine jewelry and accessories; and other merchandise.

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

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