Mitsubishi UFJ Asset Management Co. Ltd. Buys 105,328 Shares of The TJX Companies, Inc. (NYSE:TJX)

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,190,543 shares of the apparel and home fashions retailer's stock after acquiring an additional 105,328 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.19% of TJX Companies worth $264,469,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its holdings in TJX Companies by 1.7% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer's stock valued at $603,000 after purchasing an additional 84 shares during the period. Nwam LLC lifted its position in shares of TJX Companies by 2.0% during the 4th quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer's stock valued at $524,000 after buying an additional 84 shares in the last quarter. One Charles Private Wealth Services LLC grew its stake in shares of TJX Companies by 5.0% during the 4th quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer's stock valued at $218,000 after acquiring an additional 86 shares during the period. Hamilton Capital LLC increased its holdings in TJX Companies by 3.9% in the 3rd quarter. Hamilton Capital LLC now owns 2,413 shares of the apparel and home fashions retailer's stock worth $273,000 after acquiring an additional 90 shares in the last quarter. Finally, Breakwater Capital Group lifted its holdings in TJX Companies by 1.2% during the fourth quarter. Breakwater Capital Group now owns 7,696 shares of the apparel and home fashions retailer's stock valued at $930,000 after purchasing an additional 91 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

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TJX Companies Price Performance

Shares of NYSE TJX traded down $2.51 during mid-day trading on Friday, hitting $118.06. 3,742,276 shares of the company's stock traded hands, compared to its average volume of 5,199,483. The company has a market capitalization of $132.72 billion, a P/E ratio of 27.78, a PEG ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The company's 50-day moving average is $121.61 and its two-hundred day moving average is $120.22.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. On average, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the completion of the sale, the chief executive officer now directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TJX has been the topic of several recent analyst reports. UBS Group raised their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Wells Fargo & Company raised their price target on TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, January 10th. Jefferies Financial Group upped their price objective on TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. StockNews.com raised TJX Companies from a "hold" rating to a "buy" rating in a research note on Thursday. Finally, BMO Capital Markets upped their price target on TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, TJX Companies has an average rating of "Moderate Buy" and an average price target of $135.06.

TJX Companies Profile

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.