MU Investments Co. Ltd. Cuts Position in The TJX Companies, Inc. (NYSE:TJX)

MU Investments Co. Ltd. trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX) by 0.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 39,190 shares of the apparel and home fashions retailer’s stock after selling 200 shares during the period. TJX Companies accounts for about 4.2% of MU Investments Co. Ltd.’s investment portfolio, making the stock its 12th largest position. MU Investments Co. Ltd.’s holdings in TJX Companies were worth $3,282,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Moneta Group Investment Advisors LLC raised its stake in shares of TJX Companies by 90,089.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,788,543 shares of the apparel and home fashions retailer’s stock valued at $1,575,168,000 after purchasing an additional 19,766,602 shares during the period. Morgan Stanley boosted its holdings in shares of TJX Companies by 88.1% during the fourth quarter. Morgan Stanley now owns 26,619,778 shares of the apparel and home fashions retailer’s stock valued at $2,118,935,000 after acquiring an additional 12,468,119 shares during the period. Norges Bank acquired a new position in shares of TJX Companies during the fourth quarter valued at $891,631,000. Ontario Teachers Pension Plan Board bought a new stake in shares of TJX Companies during the first quarter valued at about $408,331,000. Finally, CIBC Private Wealth Group LLC raised its stake in shares of TJX Companies by 146.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 8,469,970 shares of the apparel and home fashions retailer’s stock valued at $672,944,000 after purchasing an additional 5,033,453 shares in the last quarter. 89.28% of the stock is owned by institutional investors and hedge funds.

TJX Companies Price Performance

Shares of TJX traded down $1.00 during mid-day trading on Tuesday, hitting $90.94. 1,796,215 shares of the company were exchanged, compared to its average volume of 4,962,562. The stock has a market cap of $104.04 billion, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 2.24 and a beta of 0.89. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.56 and a current ratio of 1.20. The TJX Companies, Inc. has a 1-year low of $59.78 and a 1-year high of $93.78. The company has a 50 day moving average of $88.20 and a 200-day moving average of $81.86.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, August 16th. The apparel and home fashions retailer reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.08. The business had revenue of $12.76 billion during the quarter, compared to analysts’ expectations of $12.45 billion. TJX Companies had a return on equity of 62.61% and a net margin of 7.77%. The company’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.69 earnings per share. Analysts expect that The TJX Companies, Inc. will post 3.71 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Chairman Carol Meyrowitz sold 64,817 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $91.13, for a total value of $5,906,773.21. Following the sale, the chairman now owns 135,050 shares in the company, valued at approximately $12,307,106.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Chairman Carol Meyrowitz sold 64,817 shares of the stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $91.13, for a total value of $5,906,773.21. Following the transaction, the chairman now directly owns 135,050 shares of the company’s stock, valued at approximately $12,307,106.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ernie Herrman sold 45,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $89.04, for a total value of $4,006,800.00. Following the completion of the transaction, the chief executive officer now directly owns 642,098 shares in the company, valued at $57,172,405.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 114,014 shares of company stock worth $10,291,303. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on TJX. Jefferies Financial Group boosted their price objective on TJX Companies from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, August 17th. Telsey Advisory Group upped their price target on TJX Companies from $95.00 to $100.00 in a report on Thursday, August 17th. StockNews.com started coverage on TJX Companies in a research report on Thursday, August 17th. They issued a “buy” rating on the stock. UBS Group increased their target price on TJX Companies from $88.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, August 17th. Finally, Piper Sandler started coverage on TJX Companies in a report on Thursday, June 29th. They issued an “overweight” rating and a $110.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $95.42.

TJX Companies Company 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, kids, and gourmet food departments; jewelry and accessories; and other merchandise.