Massmutual Trust Co. FSB ADV Increases Stake in The TJX Companies, Inc. (NYSE:TJX)

Massmutual Trust Co. FSB ADV increased its position in The TJX Companies, Inc. (NYSE:TJX – Get Rating) by 26.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,262 shares of the apparel and home fashions retailer’s stock after acquiring an additional 890 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in TJX Companies were worth $339,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in TJX. Ontario Teachers Pension Plan Board purchased a new stake in TJX Companies in the 1st quarter worth about $408,331,000. FMR LLC increased its holdings in TJX Companies by 22.0% in the 2nd quarter. FMR LLC now owns 32,148,799 shares of the apparel and home fashions retailer’s stock worth $1,795,510,000 after acquiring an additional 5,804,572 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in TJX Companies by 25.1% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 20,320,455 shares of the apparel and home fashions retailer’s stock worth $1,134,897,000 after purchasing an additional 4,081,241 shares during the period. Renaissance Technologies LLC bought a new position in TJX Companies in the 1st quarter worth about $116,429,000. Finally, Third Point LLC bought a new position in TJX Companies in the 3rd quarter worth about $108,710,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

TJX Companies Stock Performance

NYSE:TJX opened at $74.48 on Friday. The business has a 50 day moving average of $79.15 and a 200 day moving average of $74.36. The company has a market capitalization of $86.06 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 2.03 and a beta of 0.91. The TJX Companies, Inc. has a 1-year low of $53.69 and a 1-year high of $83.13. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.21 and a quick ratio of 0.64.

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 analysts’ consensus estimates of $0.89. The company had revenue of $14.52 billion during the quarter, compared to the consensus estimate of $14.07 billion. TJX Companies had a return on equity of 63.68% and a net margin of 7.00%. TJX Companies’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS. On average, sell-side analysts predict that The TJX Companies, Inc. will post 3.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TJX has been the subject of several analyst reports. Morgan Stanley raised their target price on TJX Companies from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, February 23rd. JPMorgan Chase & Co. raised their target price on TJX Companies from $90.00 to $95.00 and gave the stock an “overweight” rating in a research note on Monday, February 6th. Cowen raised their target price on TJX Companies from $84.00 to $85.00 in a research note on Tuesday, December 6th. StockNews.com initiated coverage on TJX Companies in a research note on Thursday. They issued a “buy” rating for the company. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $95.00 target price on shares of TJX Companies in a research note on Thursday, February 23rd. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $86.07.

About TJX Companies

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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.