Massmutual Trust Co. FSB ADV Purchases 1,459 Shares of TJX Companies Inc (NYSE:TJX)

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Massmutual Trust Co. FSB ADV increased its position in TJX Companies Inc (NYSE:TJX) by 9.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,344 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,459 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in TJX Companies were worth $864,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TJX. Comerica Securities Inc. boosted its stake in TJX Companies by 1,053.4% in the 4th quarter. Comerica Securities Inc. now owns 147,191 shares of the apparel and home fashions retailer’s stock worth $6,585,000 after purchasing an additional 134,430 shares in the last quarter. United Bank lifted its stake in TJX Companies by 7.9% during the 1st quarter. United Bank now owns 12,204 shares of the apparel and home fashions retailer’s stock valued at $649,000 after acquiring an additional 897 shares during the period. Cornerstone Advisors Inc. lifted its stake in TJX Companies by 126.8% during the 1st quarter. Cornerstone Advisors Inc. now owns 5,459 shares of the apparel and home fashions retailer’s stock valued at $290,000 after acquiring an additional 3,052 shares during the period. Victory Capital Management Inc. lifted its stake in TJX Companies by 70.3% during the 1st quarter. Victory Capital Management Inc. now owns 206,994 shares of the apparel and home fashions retailer’s stock valued at $11,014,000 after acquiring an additional 85,442 shares during the period. Finally, First Allied Advisory Services Inc. lifted its stake in TJX Companies by 1.3% during the 1st quarter. First Allied Advisory Services Inc. now owns 17,172 shares of the apparel and home fashions retailer’s stock valued at $912,000 after acquiring an additional 225 shares during the period. Institutional investors own 89.16% of the company’s stock.

TJX has been the topic of several research analyst reports. Bank of America set a $65.00 target price on shares of TJX Companies and gave the company a “buy” rating in a research note on Wednesday, August 21st. Cowen set a $62.00 target price on shares of TJX Companies and gave the company a “buy” rating in a research note on Tuesday, August 20th. UBS Group upgraded shares of TJX Companies from a “sell” rating to a “neutral” rating and upped their target price for the company from $41.00 to $58.00 in a research note on Tuesday. Nomura upped their target price on shares of TJX Companies from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Finally, Loop Capital upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and upped their target price for the company from $50.00 to $60.00 in a research note on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $59.28.

Shares of NYSE:TJX traded up $0.30 during trading on Thursday, hitting $56.57. The company’s stock had a trading volume of 2,081,383 shares, compared to its average volume of 6,631,933. The company has a 50-day moving average of $53.92 and a 200-day moving average of $53.49. TJX Companies Inc has a 12 month low of $41.49 and a 12 month high of $57.31. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.25 and a quick ratio of 0.48. The firm has a market cap of $67.01 billion, a price-to-earnings ratio of 26.81, a P/E/G ratio of 2.00 and a beta of 0.68.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.62. TJX Companies had a net margin of 7.66% and a return on equity of 57.64%. The firm had revenue of $9.78 billion for the quarter, compared to analysts’ expectations of $9.89 billion. During the same quarter in the prior year, the business earned $1.17 EPS. The business’s quarterly revenue was up 4.8% on a year-over-year basis. As a group, research analysts anticipate that TJX Companies Inc will post 2.61 earnings per share for the current year.

The company also recently announced a — dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a $0.23 dividend. This represents a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, November 13th. TJX Companies’s dividend payout ratio is 43.60%.

TJX Companies Company Profile

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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