The TJX Companies, Inc. (NYSE:TJX) Shares Sold by United Services Automobile Association

United Services Automobile Association cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 2.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,636 shares of the apparel and home fashions retailer’s stock after selling 754 shares during the period. United Services Automobile Association’s holdings in TJX Companies were worth $3,483,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of TJX Companies by 1.3% during the first quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer’s stock worth $9,886,073,000 after buying an additional 1,269,792 shares during the period. Royal Bank of Canada boosted its position in TJX Companies by 7.9% during the 4th quarter. Royal Bank of Canada now owns 14,219,312 shares of the apparel and home fashions retailer’s stock worth $1,333,913,000 after acquiring an additional 1,046,148 shares during the period. Janus Henderson Group PLC grew its stake in shares of TJX Companies by 2.7% in the first quarter. Janus Henderson Group PLC now owns 13,226,465 shares of the apparel and home fashions retailer’s stock worth $1,341,392,000 after purchasing an additional 346,938 shares in the last quarter. Norges Bank acquired a new position in shares of TJX Companies during the fourth quarter valued at $1,193,438,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of TJX Companies by 35.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock valued at $1,249,237,000 after purchasing an additional 3,255,849 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Trading Up 1.2 %

NYSE:TJX opened at $117.03 on Tuesday. The company has a market capitalization of $131.99 billion, a P/E ratio of 29.04, a P/E/G ratio of 2.92 and a beta of 0.89. The stock’s 50 day moving average price is $113.71 and its 200 day moving average price is $105.05. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The TJX Companies, Inc. has a 52 week low of $86.71 and a 52 week high of $121.13.

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

Analyst Ratings Changes

Several analysts have recently weighed in on TJX shares. TD Cowen upped their price objective on TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. StockNews.com lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Saturday. Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and increased their target price for the company from $110.00 to $128.00 in a research note on Thursday, August 22nd. Barclays lifted their price target on shares of TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Finally, UBS Group increased their price objective on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $126.76.

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.