California State Teachers Retirement System Cuts Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

California State Teachers Retirement System reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX – Get Rating) by 1.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,039,252 shares of the apparel and home fashions retailer’s stock after selling 37,354 shares during the period. California State Teachers Retirement System owned 0.18% of TJX Companies worth $126,678,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. National Pension Service lifted its holdings in TJX Companies by 1.9% in the third quarter. National Pension Service now owns 1,804,561 shares of the apparel and home fashions retailer’s stock valued at $110,692,000 after acquiring an additional 34,370 shares during the last quarter. CENTRAL TRUST Co lifted its holdings in TJX Companies by 2.6% in the third quarter. CENTRAL TRUST Co now owns 48,865 shares of the apparel and home fashions retailer’s stock valued at $3,036,000 after acquiring an additional 1,253 shares during the last quarter. IMS Capital Management lifted its holdings in TJX Companies by 6.3% in the third quarter. IMS Capital Management now owns 5,725 shares of the apparel and home fashions retailer’s stock valued at $356,000 after acquiring an additional 339 shares during the last quarter. Cape Cod Five Cents Savings Bank lifted its holdings in TJX Companies by 3.2% in the third quarter. Cape Cod Five Cents Savings Bank now owns 91,162 shares of the apparel and home fashions retailer’s stock valued at $5,663,000 after acquiring an additional 2,850 shares during the last quarter. Finally, Warther Private Wealth LLC acquired a new position in TJX Companies in the third quarter valued at approximately $363,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TJX shares. Cowen upped their price objective on TJX Companies from $84.00 to $85.00 in a report on Tuesday, December 6th. Deutsche Bank Aktiengesellschaft upped their price objective on TJX Companies from $79.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, November 17th. StockNews.com began coverage on TJX Companies in a research report on Thursday. They issued a “buy” rating on the stock. The Goldman Sachs Group boosted their target price on TJX Companies from $71.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, November 17th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $95.00 target price on shares of TJX Companies in a research report on Thursday, February 23rd. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.07.

TJX Companies Stock Down 0.8 %

TJX Companies stock opened at $74.16 on Thursday. The TJX Companies, Inc. has a twelve month low of $53.69 and a twelve month high of $83.13. The stock’s fifty day simple moving average is $79.44 and its 200-day simple moving average is $74.20. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $85.69 billion, a P/E ratio of 24.89, a P/E/G ratio of 2.02 and a beta of 0.91.

TJX Companies (NYSE:TJX – Get Rating) last posted its quarterly earnings data on Wednesday, February 22nd. The apparel and home fashions retailer reported $0.89 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.89. The business had revenue of $14.52 billion for the quarter, compared to analyst estimates of $14.07 billion. TJX Companies had a return on equity of 63.68% and a net margin of 7.00%. The company’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.78 earnings per share. As a group, equities analysts expect that The TJX Companies, Inc. will post 3.51 earnings per share for the current fiscal year.

TJX Companies Company Profile

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The TJX Cos., Inc engages in the retail of off-price apparel and home fashion products. It operates through the following segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The Marmaxx segment sells family apparel including apparel, home fashions, and other merchandise. The HomeGoods segment offers an assortment of home fashions, including furniture, rugs, lighting, soft home, decorative accessories, tabletop and cookware as well as expanded pet, kids, and gourmet food departments.