Royal London Asset Management Ltd. Trims Stake in The TJX Companies, Inc. (NYSE:TJX)

Royal London Asset Management Ltd. lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 35.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 553,761 shares of the apparel and home fashions retailer’s stock after selling 300,622 shares during the period. Royal London Asset Management Ltd.’s holdings in TJX Companies were worth $60,969,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Valued Wealth Advisors LLC increased its stake in TJX Companies by 260.3% in the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after buying an additional 177 shares during the period. Richard W. Paul & Associates LLC bought a new position in TJX Companies in the 2nd quarter worth about $25,000. Frazier Financial Advisors LLC purchased a new position in shares of TJX Companies during the fourth quarter worth approximately $27,000. First Pacific Financial bought a new stake in shares of TJX Companies during the first quarter valued at approximately $29,000. Finally, OFI Invest Asset Management bought a new stake in shares of TJX Companies during the first quarter valued at approximately $30,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

TJX has been the topic of several research reports. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on TJX Companies in a report on Tuesday, May 21st. Bank of America raised their price target on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $128.00 price objective on shares of TJX Companies in a research note on Wednesday, August 21st. Loop Capital increased their target price on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, TD Cowen boosted their price target on shares of TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $126.76.

TJX Companies Stock Performance

Shares of TJX opened at $117.03 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The firm has a market cap of $131.99 billion, a PE ratio of 29.04, a P/E/G ratio of 2.92 and a beta of 0.89. The TJX Companies, Inc. has a 12 month low of $86.71 and a 12 month high of $121.13. The stock has a fifty day moving average price of $113.71 and a 200-day moving average price of $105.05.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The company had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the business posted $0.85 earnings per share. Equities research analysts predict that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

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, and gourmet food departments; jewelry and accessories; and other merchandise.