Penserra Capital Management LLC grew its stake in TJX Companies Inc (NYSE:TJX) by 53.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,488 shares of the apparel and home fashions retailer’s stock after acquiring an additional 518 shares during the period. Penserra Capital Management LLC’s holdings in TJX Companies were worth $89,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in TJX. Alecta Pensionsforsakring Omsesidigt raised its stake in shares of TJX Companies by 0.4% during the fourth quarter. Alecta Pensionsforsakring Omsesidigt now owns 15,395,076 shares of the apparel and home fashions retailer’s stock valued at $941,563,000 after purchasing an additional 60,000 shares during the period. Fiera Capital Corp boosted its holdings in shares of TJX Companies by 6.2% during the fourth quarter. Fiera Capital Corp now owns 14,465,713 shares of the apparel and home fashions retailer’s stock valued at $883,277,000 after acquiring an additional 847,313 shares during the period. Charles Schwab Investment Advisory Inc. boosted its holdings in shares of TJX Companies by 1.8% during the fourth quarter. Charles Schwab Investment Advisory Inc. now owns 6,609,054 shares of the apparel and home fashions retailer’s stock valued at $403,549,000 after acquiring an additional 118,415 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of TJX Companies by 9.2% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,739,851 shares of the apparel and home fashions retailer’s stock valued at $350,475,000 after acquiring an additional 484,472 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of TJX Companies by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,575,073 shares of the apparel and home fashions retailer’s stock valued at $340,414,000 after acquiring an additional 55,223 shares during the period. 89.37% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently issued reports on TJX shares. MKM Partners boosted their price target on shares of TJX Companies from to in a report on Thursday, February 27th. BMO Capital Markets started coverage on TJX Companies in a report on Monday, February 3rd. They set an “outperform” rating and a $70.00 price objective on the stock. Cowen upped their target price on TJX Companies from $64.00 to $71.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Cfra upgraded TJX Companies from a “buy” rating to a “strong-buy” rating and upped their target price for the company from $66.00 to $76.00 in a report on Wednesday, February 26th. Finally, DA Davidson upped their target price on TJX Companies from $70.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $67.00.

TJX Companies stock traded up $3.88 during mid-day trading on Thursday, hitting $47.96. The stock had a trading volume of 17,058,279 shares, compared to its average volume of 7,947,432. The stock has a 50-day simple moving average of $56.58 and a two-hundred day simple moving average of $58.55. The stock has a market capitalization of $49.38 billion, a PE ratio of 17.90, a P/E/G ratio of 1.38 and a beta of 0.59. TJX Companies Inc has a 12 month low of $32.72 and a 12 month high of $64.95. The company has a current ratio of 1.24, a quick ratio of 0.56 and a debt-to-equity ratio of 1.69.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.04. TJX Companies had a return on equity of 59.70% and a net margin of 7.84%. The business had revenue of $12.21 billion for the quarter, compared to analysts’ expectations of $11.84 billion. During the same quarter last year, the business earned $0.68 earnings per share. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. Sell-side analysts expect that TJX Companies Inc will post 2.82 earnings per share for the current fiscal year.

TJX Companies Company Profile

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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