512,440 Shares in The TJX Companies, Inc. (NYSE:TJX) Acquired by Madison Investment Advisors LLC

Madison Investment Advisors LLC bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 512,440 shares of the apparel and home fashions retailer's stock, valued at approximately $61,908,000.

A number of other hedge funds also recently bought and sold shares of TJX. State Street Corp raised its stake in TJX Companies by 1.0% in the 3rd quarter. State Street Corp now owns 47,556,435 shares of the apparel and home fashions retailer's stock worth $5,589,783,000 after acquiring an additional 469,287 shares during the last quarter. Geode Capital Management LLC raised its stake in TJX Companies by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 23,857,584 shares of the apparel and home fashions retailer's stock worth $2,795,121,000 after acquiring an additional 363,707 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in TJX Companies by 7.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,182,564 shares of the apparel and home fashions retailer's stock worth $1,079,319,000 after purchasing an additional 643,833 shares during the period. Franklin Resources Inc. grew its position in TJX Companies by 9.9% during the 3rd quarter. Franklin Resources Inc. now owns 7,271,499 shares of the apparel and home fashions retailer's stock worth $837,951,000 after purchasing an additional 657,529 shares during the period. Finally, Nordea Investment Management AB grew its position in TJX Companies by 13.3% during the 4th quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer's stock worth $850,428,000 after purchasing an additional 827,103 shares during the period. Hedge funds and other institutional investors own 91.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Evercore ISI raised their target price on TJX Companies from $138.00 to $142.00 and gave the company an "outperform" rating in a research report on Thursday, November 21st. Robert W. Baird raised their price target on shares of TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a research note on Thursday, February 27th. Morgan Stanley raised their target price on shares of TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. Finally, StockNews.com lowered shares of TJX Companies from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, TJX Companies currently has a consensus rating of "Moderate Buy" and a consensus target price of $135.06.

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TJX Companies Stock Down 0.7 %

TJX Companies stock opened at $115.34 on Thursday. The company has a fifty day simple moving average of $122.50 and a 200 day simple moving average of $120.30. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The company has a market cap of $129.66 billion, a P/E ratio of 27.14, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.07. The company had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. Research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the completion of the transaction, the chief executive officer now owns 484,189 shares of the company's stock, valued at $59,569,772.67. The trade was a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company's stock.

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.

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