WS Management Lllp Sells 44,520 Shares of TJX Companies Inc (NYSE:TJX)

WS Management Lllp reduced its stake in TJX Companies Inc (NYSE:TJX) by 10.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 377,734 shares of the apparel and home fashions retailer’s stock after selling 44,520 shares during the quarter. TJX Companies makes up approximately 1.3% of WS Management Lllp’s investment portfolio, making the stock its 16th biggest position. WS Management Lllp’s holdings in TJX Companies were worth $19,975,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the stock. Geode Capital Management LLC grew its holdings in TJX Companies by 115.8% in the fourth quarter. Geode Capital Management LLC now owns 17,734,026 shares of the apparel and home fashions retailer’s stock worth $792,161,000 after purchasing an additional 9,515,682 shares during the last quarter. FMR LLC lifted its stake in shares of TJX Companies by 4.0% in the first quarter. FMR LLC now owns 53,531,356 shares of the apparel and home fashions retailer’s stock valued at $2,848,403,000 after purchasing an additional 2,052,931 shares during the period. Renaissance Technologies LLC lifted its stake in shares of TJX Companies by 3,058.2% in the second quarter. Renaissance Technologies LLC now owns 1,980,201 shares of the apparel and home fashions retailer’s stock valued at $104,713,000 after purchasing an additional 1,917,501 shares during the period. Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of TJX Companies by 232.5% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,998,637 shares of the apparel and home fashions retailer’s stock valued at $105,688,000 after purchasing an additional 1,397,530 shares during the period. Finally, California Public Employees Retirement System lifted its stake in shares of TJX Companies by 16.6% in the first quarter. California Public Employees Retirement System now owns 7,989,918 shares of the apparel and home fashions retailer’s stock valued at $425,144,000 after purchasing an additional 1,136,138 shares during the period. 89.48% of the stock is currently owned by institutional investors.

Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of TJX Companies from a “sell” rating to a “hold” rating and set a $58.00 price objective for the company in a research note on Monday, September 2nd. Cowen set a $62.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Credit Suisse Group lifted their target price on shares of TJX Companies from $55.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 22nd. MKM Partners set a $62.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Finally, DA Davidson set a $65.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a research report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $59.35.

Shares of TJX stock traded up $0.05 on Thursday, hitting $56.75. The stock had a trading volume of 4,063,090 shares, compared to its average volume of 6,089,180. The firm has a market capitalization of $68.70 billion, a price-to-earnings ratio of 26.90, a P/E/G ratio of 2.05 and a beta of 0.68. The stock’s 50 day moving average is $53.83 and its 200-day moving average is $53.32. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.48 and a current ratio of 1.25. TJX Companies Inc has a 52-week low of $41.49 and a 52-week high of $57.31.

TJX Companies (NYSE:TJX) last announced its earnings results on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 earnings per share for the quarter, meeting the consensus estimate of $0.62. The business had revenue of $9.78 billion during the quarter, compared to the consensus estimate of $9.89 billion. TJX Companies had a net margin of 7.66% and a return on equity of 57.64%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.17 earnings per share. Equities analysts expect that TJX Companies Inc will post 2.61 earnings per share for the current year.

TJX Companies Profile

The TJX Companies, Inc 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; footwear; and other merchandise.

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

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