Massmutual Trust Co. FSB ADV Acquires 890 Shares of The TJX Companies, Inc. (NYSE:TJX)

Massmutual Trust Co. FSB ADV increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX – Get Rating) by 26.4% during the fourth quarter, HoldingsChannel reports. The firm owned 4,262 shares of the apparel and home fashions retailer’s stock after buying an additional 890 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in TJX Companies were worth $339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Grayhawk Investment Strategies Inc. purchased a new stake in TJX Companies during the second quarter valued at $26,000. Householder Group Estate & Retirement Specialist LLC purchased a new stake in TJX Companies during the third quarter valued at $27,000. Northern Oak Wealth Management Inc. purchased a new stake in TJX Companies during the second quarter valued at $28,000. Coston McIsaac & Partners purchased a new stake in TJX Companies during the second quarter valued at $31,000. Finally, CoreCap Advisors LLC purchased a new stake in TJX Companies during the second quarter valued at $48,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on TJX. Cowen upped their price objective on TJX Companies from $84.00 to $85.00 in a research report on Tuesday, December 6th. Telsey Advisory Group restated an “outperform” rating and issued a $95.00 price target on shares of TJX Companies in a research report on Thursday, February 23rd. StockNews.com started coverage on TJX Companies in a research report on Thursday. They issued a “buy” rating for the company. Credit Suisse Group upped their price target on TJX Companies from $85.00 to $89.00 and gave the stock an “outperform” rating in a research report on Thursday, February 23rd. Finally, Wells Fargo & Company upped their price target on TJX Companies from $74.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 1st. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.07.

TJX Companies Stock Performance

NYSE:TJX opened at $74.48 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 0.45. The TJX Companies, Inc. has a 12-month low of $53.69 and a 12-month high of $83.13. The stock has a 50-day moving average price of $79.15 and a 200 day moving average price of $74.36. The stock has a market capitalization of $86.06 billion, a P/E ratio of 24.99, a P/E/G ratio of 2.03 and a beta of 0.91.

TJX Companies (NYSE:TJX – Get Rating) last announced its quarterly earnings results on Wednesday, February 22nd. The apparel and home fashions retailer reported $0.89 EPS for the quarter, meeting analysts’ consensus estimates of $0.89. TJX Companies had a return on equity of 63.68% and a net margin of 7.00%. The company had revenue of $14.52 billion during the quarter, compared to analyst estimates of $14.07 billion. During the same period in the prior year, the company earned $0.78 earnings per share. The firm’s revenue was up 4.8% on a year-over-year basis. Equities research analysts forecast that The TJX Companies, Inc. will post 3.51 EPS for the current fiscal year.

About TJX Companies

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The TJX Cos., Inc engages in the retail of off-price apparel and home fashion products. It operates through the following segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The Marmaxx segment sells family apparel including apparel, home fashions, and other merchandise. The HomeGoods segment offers an assortment of home fashions, including furniture, rugs, lighting, soft home, decorative accessories, tabletop and cookware as well as expanded pet, kids, and gourmet food departments.