Mutual of America Capital Management LLC Lowers Position in The TJX Companies, Inc. (NYSE:TJX)

by · The Cerbat Gem

Mutual of America Capital Management LLC decreased its position in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 4.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 158,206 shares of the apparel and home fashions retailer’s stock after selling 7,709 shares during the period. Mutual of America Capital Management LLC’s holdings in TJX Companies were worth $17,418,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in TJX. Dearborn Partners LLC increased its position in TJX Companies by 4.0% during the second quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer’s stock worth $260,000 after purchasing an additional 90 shares during the last quarter. Wambolt & Associates LLC increased its position in shares of TJX Companies by 1.4% in the second quarter. Wambolt & Associates LLC now owns 6,791 shares of the apparel and home fashions retailer’s stock worth $751,000 after acquiring an additional 94 shares in the last quarter. Armbruster Capital Management Inc. increased its position in shares of TJX Companies by 4.9% in the second quarter. Armbruster Capital Management Inc. now owns 2,097 shares of the apparel and home fashions retailer’s stock worth $231,000 after acquiring an additional 97 shares in the last quarter. Aprio Wealth Management LLC increased its position in shares of TJX Companies by 4.8% in the second quarter. Aprio Wealth Management LLC now owns 2,176 shares of the apparel and home fashions retailer’s stock worth $240,000 after acquiring an additional 99 shares in the last quarter. Finally, Mcdonald Partners LLC increased its position in shares of TJX Companies by 4.4% in the second quarter. Mcdonald Partners LLC now owns 2,344 shares of the apparel and home fashions retailer’s stock worth $258,000 after acquiring an additional 99 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Down 1.5 %

NYSE TJX opened at $117.84 on Wednesday. The TJX Companies, Inc. has a 12 month low of $86.71 and a 12 month high of $121.13. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The company has a market capitalization of $132.91 billion, a price-to-earnings ratio of 29.24, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. The company’s fifty day moving average price is $114.59 and its two-hundred day moving average price is $105.85.

TJX Companies (NYSE:TJX – Get Free Report) last issued 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. The company had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 earnings per share. As a group, research analysts predict that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the sale, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TJX shares. Bank of America increased their price objective on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. TD Cowen increased their price objective on shares of TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Morgan Stanley increased their price objective on shares of TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Barclays upped their target price on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Finally, Sanford C. Bernstein upped their target price on shares of TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $126.76.

Get Our Latest Analysis on TJX Companies

TJX Companies Profile

(Free Report)

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.

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