Massachusetts Financial Services Co. MA Sells 527,347 Shares of The TJX Companies, Inc. (NYSE:TJX)

Massachusetts Financial Services Co. MA cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 16.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. 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 owned about 0.24% of TJX Companies worth $300,302,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TJX. Aveo Capital Partners LLC raised its holdings in TJX Companies by 6.0% in the 4th quarter. Aveo Capital Partners LLC now owns 3,568 shares of the apparel and home fashions retailer’s stock worth $335,000 after purchasing an additional 203 shares in the last quarter. 9258 Wealth Management LLC increased its stake in shares of TJX Companies by 36.6% in the 4th quarter. 9258 Wealth Management LLC now owns 13,515 shares of the apparel and home fashions retailer’s stock worth $1,268,000 after acquiring an additional 3,624 shares in the last quarter. Gryphon Financial Partners LLC increased its stake in shares of TJX Companies by 35.9% in the 4th quarter. Gryphon Financial Partners LLC now owns 2,908 shares of the apparel and home fashions retailer’s stock worth $249,000 after acquiring an additional 768 shares in the last quarter. Hillsdale Investment Management Inc. increased its stake in shares of TJX Companies by 65.5% in the 4th quarter. Hillsdale Investment Management Inc. now owns 9,300 shares of the apparel and home fashions retailer’s stock worth $872,000 after acquiring an additional 3,680 shares in the last quarter. Finally, Balentine LLC increased its stake in shares of TJX Companies by 12.3% in the 4th quarter. Balentine LLC now owns 15,723 shares of the apparel and home fashions retailer’s stock worth $1,475,000 after acquiring an additional 1,720 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Performance

Shares of NYSE TJX opened at $119.60 on Tuesday. The firm’s 50-day moving average price is $114.48 and its 200-day moving average price is $105.71. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The company has a market cap of $135.17 billion, a PE ratio of 29.68, a PEG ratio of 2.99 and a beta of 0.89. The TJX Companies, Inc. has a 52-week low of $86.71 and a 52-week high of $121.13.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The firm had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.85 EPS. As a group, analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current year.

Wall Street Analyst Weigh In

TJX has been the subject of several research reports. Loop Capital increased their price target on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Barclays increased their price target on shares of TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Robert W. Baird increased their price target on shares of TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Telsey Advisory Group restated an “outperform” rating and set a $128.00 price objective on shares of TJX Companies in a research note on Wednesday, August 21st. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $126.76.

Insider Activity

In related news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.13% of the company’s stock.

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.