Teza Capital Management LLC Purchases New Position in TJX Companies Inc (NYSE:TJX)

Teza Capital Management LLC bought a new position in shares of TJX Companies Inc (NYSE:TJX) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,138 shares of the apparel and home fashions retailer’s stock, valued at approximately $209,000.

Several other large investors have also made changes to their positions in TJX. Wellington Management Group LLP grew its position in shares of TJX Companies by 20.5% during the 1st quarter. Wellington Management Group LLP now owns 80,813,129 shares of the apparel and home fashions retailer’s stock worth $3,863,676,000 after purchasing an additional 13,751,614 shares in the last quarter. Capital Research Global Investors boosted its position in shares of TJX Companies by 498.7% during the 1st quarter. Capital Research Global Investors now owns 12,292,389 shares of the apparel and home fashions retailer’s stock worth $587,699,000 after acquiring an additional 10,239,160 shares in the last quarter. Copper Rock Capital Partners LLC boosted its position in shares of TJX Companies by 746.7% during the 2nd quarter. Copper Rock Capital Partners LLC now owns 11,191,590 shares of the apparel and home fashions retailer’s stock worth $564,399,000 after acquiring an additional 9,869,787 shares in the last quarter. Nuveen Asset Management LLC boosted its position in shares of TJX Companies by 82.8% during the 1st quarter. Nuveen Asset Management LLC now owns 10,596,523 shares of the apparel and home fashions retailer’s stock worth $506,620,000 after acquiring an additional 4,800,639 shares in the last quarter. Finally, BlackRock Inc. boosted its position in shares of TJX Companies by 4.7% during the 1st quarter. BlackRock Inc. now owns 92,844,934 shares of the apparel and home fashions retailer’s stock worth $4,438,915,000 after acquiring an additional 4,189,911 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

TJX has been the topic of several analyst reports. TheStreet lowered shares of TJX Companies from a “b” rating to a “c” rating in a research report on Thursday, May 21st. Zacks Investment Research lowered shares of TJX Companies from a “hold” rating to a “sell” rating and set a $50.00 price target on the stock. in a research report on Tuesday, August 18th. UBS Group increased their price target on shares of TJX Companies from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Cfra increased their price target on shares of TJX Companies from $60.00 to $65.00 and gave the stock a “strong-buy” rating in a research report on Thursday, May 21st. Finally, Nomura Instinet increased their price objective on shares of TJX Companies from $59.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. TJX Companies currently has an average rating of “Buy” and an average price target of $63.72.

TJX stock opened at $53.16 on Wednesday. The company has a fifty day moving average price of $53.32 and a 200-day moving average price of $52.49. The company has a market capitalization of $63.98 billion, a P/E ratio of 93.70, a PEG ratio of 23.20 and a beta of 0.71. TJX Companies Inc has a 52-week low of $32.72 and a 52-week high of $64.95. The company has a debt-to-equity ratio of 2.86, a quick ratio of 1.02 and a current ratio of 1.51.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.08). The business had revenue of $6.67 billion for the quarter, compared to the consensus estimate of $6.58 billion. TJX Companies had a net margin of 2.11% and a return on equity of 13.62%. TJX Companies’s revenue was down 31.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.62 EPS. As a group, sell-side analysts forecast that TJX Companies Inc will post 0.22 earnings per share for the current fiscal year.

About TJX Companies

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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