The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lowered its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 963,221 shares of the apparel and home fashions retailer's stock after selling 26,798 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.09% of TJX Companies worth $116,367,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of TJX. Congress Asset Management Co. grew its holdings in TJX Companies by 1.1% during the 4th quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer's stock worth $148,456,000 after acquiring an additional 13,036 shares in the last quarter. Atlas Legacy Advisors LLC purchased a new stake in shares of TJX Companies during the 4th quarter worth $433,000. BLB&B Advisors LLC grew its stake in shares of TJX Companies by 2.8% during the fourth quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer's stock worth $9,795,000 after purchasing an additional 2,201 shares in the last quarter. Empowered Funds LLC increased its holdings in TJX Companies by 12.1% in the fourth quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer's stock valued at $4,130,000 after buying an additional 3,691 shares during the last quarter. Finally, Boyd Watterson Asset Management LLC OH acquired a new stake in TJX Companies in the fourth quarter valued at $604,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at TJX Companies

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

TJX Companies Stock Performance

Shares of NYSE:TJX traded down $2.97 during trading on Friday, reaching $117.60. The company had a trading volume of 1,931,237 shares, compared to its average volume of 5,190,968. 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 stock's fifty day moving average price is $121.69 and its 200 day moving average price is $120.19. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The firm has a market capitalization of $132.20 billion, a price-to-earnings ratio of 27.68, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. As a group, equities research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Telsey Advisory Group reaffirmed an "outperform" rating and set a $145.00 price objective on shares of TJX Companies in a research report on Thursday, February 27th. UBS Group upped their price target on TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a report on Friday, January 10th. BMO Capital Markets raised their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Wells Fargo & Company boosted their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Friday, January 10th. Finally, Jefferies Financial Group increased their target price on shares of TJX Companies from $140.00 to $145.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, TJX Companies currently has an average rating of "Moderate Buy" and a consensus 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.