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

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in The TJX Companies, Inc. (NYSE:TJX) by 2.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 963,221 shares of the apparel and home fashions retailer’s stock after selling 26,798 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.09% of TJX Companies worth $116,367,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Momentous Wealth Management Inc. bought a new stake in shares of TJX Companies during the 4th quarter valued at $215,000. Meiji Yasuda Asset Management Co Ltd. lifted its position in TJX Companies by 1.7% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 87,879 shares of the apparel and home fashions retailer’s stock valued at $10,617,000 after purchasing an additional 1,476 shares in the last quarter. Zions Bancorporation N.A. lifted its position in TJX Companies by 43.2% during the fourth quarter. Zions Bancorporation N.A. now owns 21,951 shares of the apparel and home fashions retailer’s stock valued at $2,652,000 after purchasing an additional 6,624 shares in the last quarter. Ashton Thomas Securities LLC grew its holdings in TJX Companies by 2.5% during the fourth quarter. Ashton Thomas Securities LLC now owns 7,705 shares of the apparel and home fashions retailer’s stock valued at $932,000 after purchasing an additional 188 shares during the period. Finally, TD Asset Management Inc. increased its position in TJX Companies by 3.8% in the fourth quarter. TD Asset Management Inc. now owns 4,837,972 shares of the apparel and home fashions retailer’s stock worth $584,475,000 after buying an additional 177,473 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Activity

In other news, CEO Ernie Herrman sold 23,428 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total value of $2,882,346.84. Following the completion of the sale, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Barclays boosted their price objective on TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. StockNews.com lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. UBS Group raised their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Guggenheim upped their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $145.00 price target on shares of TJX Companies in a research note on Thursday, February 27th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $135.06.

TJX Companies Stock Up 3.0 %

NYSE TJX opened at $119.64 on Tuesday. The stock has a 50 day moving average price of $121.68 and a 200-day moving average price of $120.16. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The company has a market capitalization of $134.49 billion, a P/E ratio of 28.15, a P/E/G ratio of 2.75 and a beta of 0.96.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating the consensus estimate of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. As a group, equities analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

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.