National Asset Management Inc. Purchases 35,969 Shares of The TJX Companies, Inc. (NYSE:TJX)

National Asset Management Inc. grew its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 70.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 86,749 shares of the apparel and home fashions retailer’s stock after buying an additional 35,969 shares during the quarter. National Asset Management Inc.’s holdings in The TJX Companies were worth $5,846,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of TJX. Leelyn Smith LLC purchased a new stake in shares of The TJX Companies during the 1st quarter worth approximately $43,000. Concord Wealth Partners increased its stake in shares of The TJX Companies by 57.6% during the 1st quarter. Concord Wealth Partners now owns 758 shares of the apparel and home fashions retailer’s stock worth $50,000 after purchasing an additional 277 shares during the last quarter. Pflug Koory LLC purchased a new stake in shares of The TJX Companies during the 2nd quarter worth approximately $52,000. Eagle Bay Advisors LLC purchased a new stake in shares of The TJX Companies during the 2nd quarter worth approximately $55,000. Finally, WD Rutherford LLC increased its stake in shares of The TJX Companies by 28.0% during the 2nd quarter. WD Rutherford LLC now owns 800 shares of the apparel and home fashions retailer’s stock worth $54,000 after purchasing an additional 175 shares during the last quarter. 87.70% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CFO Scott Goldenberg sold 39,643 shares of the business’s stock in a transaction that occurred on Thursday, August 19th. The stock was sold at an average price of $72.98, for a total value of $2,893,146.14. Following the completion of the sale, the chief financial officer now directly owns 145,897 shares in the company, valued at approximately $10,647,563.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Carol Meyrowitz sold 72,546 shares of the stock in a transaction on Friday, August 20th. The stock was sold at an average price of $74.07, for a total value of $5,373,482.22. Following the completion of the transaction, the chairman now directly owns 261,875 shares of the company’s stock, valued at approximately $19,397,081.25. The disclosure for this sale can be found here. 0.19% of the stock is owned by company insiders.

A number of research analysts recently weighed in on the stock. Wedbush reiterated a “neutral” rating on shares of The TJX Companies in a research note on Tuesday, May 18th. Citigroup boosted their price target on shares of The TJX Companies from $75.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, August 19th. JPMorgan Chase & Co. boosted their price target on shares of The TJX Companies from $80.00 to $86.00 and gave the company an “overweight” rating in a research report on Monday, August 16th. MKM Partners boosted their price target on shares of The TJX Companies from $79.00 to $87.00 and gave the company a “buy” rating in a research report on Friday, August 20th. Finally, Telsey Advisory Group boosted their price target on shares of The TJX Companies from $82.00 to $86.00 and gave the company an “outperform” rating in a research report on Thursday, August 19th. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $78.75.

TJX stock traded down $0.15 during trading on Wednesday, hitting $69.33. 32,541 shares of the company’s stock traded hands, compared to its average volume of 6,384,701. The business has a fifty day simple moving average of $69.96 and a 200 day simple moving average of $68.39. The stock has a market capitalization of $83.37 billion, a price-to-earnings ratio of 33.73, a P/E/G ratio of 2.23 and a beta of 0.98. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.83 and a current ratio of 1.33. The TJX Companies, Inc. has a 52 week low of $50.06 and a 52 week high of $76.16.

The TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Tuesday, August 17th. The apparel and home fashions retailer reported $0.79 EPS for the quarter, beating the consensus estimate of $0.58 by $0.21. The business had revenue of $12.08 billion during the quarter, compared to analysts’ expectations of $10.98 billion. The TJX Companies had a net margin of 5.81% and a return on equity of 49.70%. The business’s quarterly revenue was up 81.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.18) EPS. Research analysts forecast that The TJX Companies, Inc. will post 2.94 earnings per share for the current fiscal year.

The TJX Companies Company Profile

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 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.

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

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