Robeco Institutional Asset Management B.V. Trims Position in The TJX Companies, Inc. (NYSE:TJX)

Robeco Institutional Asset Management B.V. trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX – Get Rating) by 34.1% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 322,379 shares of the apparel and home fashions retailer’s stock after selling 166,899 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in TJX Companies were worth $20,028,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TJX. Grayhawk Investment Strategies Inc. purchased a new position in TJX Companies during the second quarter worth about $26,000. Householder Group Estate & Retirement Specialist LLC purchased a new position in TJX Companies in the third quarter valued at about $27,000. Northern Oak Wealth Management Inc. purchased a new position in TJX Companies in the second quarter valued at about $28,000. Coston McIsaac & Partners purchased a new position in TJX Companies in the second quarter valued at about $31,000. Finally, CoreCap Advisors LLC purchased a new position in TJX Companies in the second quarter valued at about $48,000. 91.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of research analyst reports. Citigroup increased their target price on shares of TJX Companies from $86.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, November 17th. Wells Fargo & Company raised their target price on shares of TJX Companies from $74.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 1st. Cowen raised their target price on shares of TJX Companies from $84.00 to $85.00 in a research report on Tuesday, December 6th. The Goldman Sachs Group increased their price target on shares of TJX Companies from $71.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, November 17th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $95.00 price target on shares of TJX Companies in a research note on Thursday, February 23rd. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and an average target price of $86.07.

TJX Companies Stock Up 0.6 %

NYSE TJX opened at $74.60 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.21 and a quick ratio of 0.64. The company’s 50 day simple moving average is $79.32 and its 200 day simple moving average is $74.20. The TJX Companies, Inc. has a 12 month low of $53.69 and a 12 month high of $83.13. The company has a market capitalization of $86.20 billion, a P/E ratio of 25.03, a PEG ratio of 2.03 and a beta of 0.91.

TJX Companies (NYSE:TJX – Get Rating) last released its earnings results on Wednesday, February 22nd. The apparel and home fashions retailer reported $0.89 earnings per share for the quarter, hitting the consensus estimate of $0.89. The business had revenue of $14.52 billion for the quarter, compared to the consensus estimate of $14.07 billion. TJX Companies had a net margin of 7.00% and a return on equity of 63.68%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $0.78 earnings per share. Equities research 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.