Massmutual Trust Co. FSB ADV Has $133,000 Position in The TJX Companies, Inc. (NYSE:TJX)

Massmutual Trust Co. FSB ADV increased its position in The TJX Companies, Inc. (NYSE:TJXGet Rating) by 9.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,192 shares of the apparel and home fashions retailer’s stock after buying an additional 197 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in TJX Companies were worth $133,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in shares of TJX Companies during the 4th quarter worth approximately $827,082,000. Jennison Associates LLC lifted its position in shares of TJX Companies by 21.4% during the 4th quarter. Jennison Associates LLC now owns 18,437,205 shares of the apparel and home fashions retailer’s stock worth $1,399,753,000 after buying an additional 3,253,468 shares in the last quarter. Brown Advisory Inc. lifted its position in shares of TJX Companies by 87.4% during the 4th quarter. Brown Advisory Inc. now owns 4,594,906 shares of the apparel and home fashions retailer’s stock worth $348,846,000 after buying an additional 2,142,585 shares in the last quarter. State Street Corp lifted its position in shares of TJX Companies by 4.4% during the 4th quarter. State Street Corp now owns 49,000,588 shares of the apparel and home fashions retailer’s stock worth $3,720,125,000 after buying an additional 2,057,821 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its position in shares of TJX Companies by 10.0% during the 4th quarter. Nuveen Asset Management LLC now owns 16,132,376 shares of the apparel and home fashions retailer’s stock worth $1,224,770,000 after buying an additional 1,468,842 shares in the last quarter. Institutional investors own 91.45% of the company’s stock.

TJX opened at $57.07 on Thursday. The company has a fifty day moving average price of $60.65 and a 200-day moving average price of $65.42. The firm has a market capitalization of $66.87 billion, a P/E ratio of 20.75, a price-to-earnings-growth ratio of 1.70 and a beta of 0.88. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.25 and a quick ratio of 0.55. The TJX Companies, Inc. has a one year low of $53.69 and a one year high of $77.35.

TJX Companies (NYSE:TJXGet Rating) last released its quarterly earnings results on Wednesday, May 18th. The apparel and home fashions retailer reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.08. TJX Companies had a net margin of 6.69% and a return on equity of 61.28%. The firm had revenue of $11.41 billion during the quarter, compared to analyst estimates of $11.58 billion. During the same period in the previous year, the business earned $0.44 EPS. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. On average, analysts expect that The TJX Companies, Inc. will post 3.18 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Thursday, August 11th will be issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend is Wednesday, August 10th. TJX Companies’s dividend payout ratio is currently 42.91%.

Several equities analysts have commented on TJX shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of TJX Companies from $83.00 to $79.00 and set a “buy” rating on the stock in a research report on Thursday, February 24th. TheStreet lowered shares of TJX Companies from a “b” rating to a “c+” rating in a research note on Wednesday, May 18th. Sanford C. Bernstein started coverage on shares of TJX Companies in a research note on Monday, March 14th. They set a “market perform” rating and a $68.00 price target for the company. Gordon Haskett decreased their price target on shares of TJX Companies from $81.00 to $78.00 and set a “buy” rating for the company in a research note on Thursday, February 24th. Finally, Bank of America decreased their price target on shares of TJX Companies from $95.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, February 24th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $78.05.

In other TJX Companies news, CFO Scott Goldenberg sold 30,000 shares of the business’s stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $62.03, for a total value of $1,860,900.00. Following the completion of the sale, the chief financial officer now directly owns 119,127 shares of the company’s stock, valued at $7,389,447.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Richard Sherr sold 46,997 shares of the business’s stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $62.25, for a total transaction of $2,925,563.25. Following the completion of the sale, the executive vice president now directly owns 104,127 shares of the company’s stock, valued at $6,481,905.75. The disclosure for this sale can be found here. Insiders have sold a total of 112,824 shares of company stock valued at $6,973,343 over the last ninety days. 0.19% of the stock is currently owned by insiders.

TJX Companies Company Profile (Get Rating)

The TJX Companies, Inc, together with its subsidiaries, 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; and other merchandise.

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

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