The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 158,206 shares of the apparel and home fashions retailer’s stock after selling 7,709 shares during the period. Mutual of America Capital Management LLC’s holdings in TJX Companies were worth $17,418,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Aveo Capital Partners LLC increased its holdings in shares of TJX Companies by 6.0% during 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 buying an additional 203 shares during the last quarter. 9258 Wealth Management LLC increased its holdings in shares of TJX Companies by 36.6% during 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 buying an additional 3,624 shares during the last quarter. Gryphon Financial Partners LLC increased its holdings in shares of TJX Companies by 35.9% during 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 buying an additional 768 shares during the last quarter. Hillsdale Investment Management Inc. increased its holdings in shares of TJX Companies by 65.5% during 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 buying an additional 3,680 shares during the last quarter. Finally, Sachetta LLC purchased a new position in shares of TJX Companies during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analysts Set New Price Targets

TJX has been the subject of a number of research analyst reports. BMO Capital Markets increased their price objective on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Sanford C. Bernstein raised their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft set a $114.00 price target on shares of TJX Companies in a research report on Tuesday, May 21st. Bank of America raised their price target on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Finally, Jefferies Financial Group raised their price target on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and an average target price of $126.76.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $117.84 on Wednesday. The company’s fifty day moving average price is $114.59 and its 200 day moving average price is $105.85. The TJX Companies, Inc. has a 12 month low of $86.71 and a 12 month high of $121.13. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The firm has a market capitalization of $132.91 billion, a P/E ratio of 29.24, a P/E/G ratio of 3.02 and a beta of 0.89.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. During the same period last year, the business earned $0.85 EPS. TJX Companies’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction 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 directly owns 536,148 shares in the company, valued at $63,018,835.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

TJX Companies Company Profile

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.