The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Arizona State Retirement System

Arizona State Retirement System lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 328,456 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,406 shares during the quarter. Arizona State Retirement System’s holdings in TJX Companies were worth $36,163,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Richard W. Paul & Associates LLC bought a new position in TJX Companies in the 2nd quarter worth approximately $25,000. Valued Wealth Advisors LLC grew its holdings in TJX Companies by 260.3% in the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after buying an additional 177 shares in the last quarter. First Pacific Financial bought a new position in TJX Companies in the 1st quarter worth approximately $29,000. Frazier Financial Advisors LLC bought a new position in TJX Companies in the 4th quarter worth approximately $27,000. Finally, New Millennium Group LLC bought a new position in TJX Companies in the 2nd quarter worth approximately $34,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TJX shares. Bank of America increased their price objective on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Morgan Stanley increased their price target on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and increased their price target for the company from $110.00 to $128.00 in a research note on Thursday, August 22nd. TD Cowen increased their price target on TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, Sanford C. Bernstein increased their price target on TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Four equities research analysts have rated the stock with a hold rating and thirteen have given 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 $126.76.

TJX Companies Stock Down 0.1 %

TJX stock opened at $117.89 on Friday. The TJX Companies, Inc. has a twelve month low of $86.71 and a twelve month high of $121.13. The company has a market cap of $132.96 billion, a PE ratio of 29.28, a price-to-earnings-growth ratio of 2.97 and a beta of 0.89. The business’s 50-day simple moving average is $113.47 and its 200 day simple moving average is $104.70. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37.

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

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.