Cambridge Financial Group Inc. Makes New Investment in The TJX Companies, Inc. (NYSE:TJX)

Cambridge Financial Group Inc. bought a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 74,241 shares of the apparel and home fashions retailer's stock, valued at approximately $8,969,000. TJX Companies comprises 3.7% of Cambridge Financial Group Inc.'s portfolio, making the stock its 7th largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TJX. Intrust Bank NA grew its holdings in TJX Companies by 1.0% during the fourth quarter. Intrust Bank NA now owns 24,804 shares of the apparel and home fashions retailer's stock worth $2,997,000 after acquiring an additional 237 shares during the period. Maridea Wealth Management LLC acquired a new stake in shares of TJX Companies during the 4th quarter worth approximately $333,000. Brown Brothers Harriman & Co. increased its holdings in shares of TJX Companies by 7.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 21,644 shares of the apparel and home fashions retailer's stock valued at $2,615,000 after purchasing an additional 1,534 shares in the last quarter. DnB Asset Management AS lifted its stake in shares of TJX Companies by 15.8% in the 4th quarter. DnB Asset Management AS now owns 237,176 shares of the apparel and home fashions retailer's stock valued at $28,653,000 after purchasing an additional 32,395 shares during the period. Finally, Level Four Advisory Services LLC boosted its holdings in TJX Companies by 8.2% during the fourth quarter. Level Four Advisory Services LLC now owns 76,978 shares of the apparel and home fashions retailer's stock worth $9,300,000 after buying an additional 5,830 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

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Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TJX. Guggenheim lifted their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, December 5th. UBS Group upped their price target on TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Morgan Stanley increased their price target on TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Jefferies Financial Group boosted their price objective on TJX Companies from $140.00 to $145.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Finally, Robert W. Baird increased their target price on TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $135.06.

TJX Companies Price Performance

Shares of TJX Companies stock traded up $3.69 on Monday, hitting $121.90. 3,951,442 shares of the company were exchanged, compared to its average volume of 5,205,962. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $137.03 billion, a price-to-earnings ratio of 28.68, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The company has a 50-day moving average price of $121.61 and a 200 day moving average price of $120.24.

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

About TJX Companies

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.