American Century Companies Inc. Has $386.48 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

American Century Companies Inc. grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 12.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,199,040 shares of the apparel and home fashions retailer's stock after purchasing an additional 342,208 shares during the quarter. American Century Companies Inc. owned approximately 0.28% of TJX Companies worth $386,476,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TJX. Bogart Wealth LLC acquired a new position in TJX Companies during the 4th quarter valued at approximately $25,000. Trivant Custom Portfolio Group LLC acquired a new position in shares of TJX Companies during the fourth quarter valued at $26,000. Truvestments Capital LLC bought a new position in shares of TJX Companies during the third quarter worth about $29,000. Legacy Investment Solutions LLC acquired a new stake in shares of TJX Companies in the 3rd quarter worth about $30,000. Finally, SOA Wealth Advisors LLC. bought a new stake in TJX Companies in the 4th quarter valued at about $30,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 23,428 shares of the company's stock in a transaction 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 directly owns 484,189 shares in the company, valued at $59,569,772.67. This represents a 4.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alan M. Bennett sold 8,000 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

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TJX Companies Stock Up 0.5 %

Shares of TJX stock traded up $0.55 on Tuesday, reaching $120.15. 1,162,507 shares of the company's stock traded hands, compared to its average volume of 4,852,912. The business's 50 day moving average price is $121.68 and its two-hundred day moving average price is $120.16. The company has a market capitalization of $135.07 billion, a P/E ratio of 28.27, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00.

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 for the quarter, beating analysts' consensus estimates of $1.16 by $0.07. The company had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TJX. StockNews.com downgraded TJX Companies from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Telsey Advisory Group restated an "outperform" rating and set a $145.00 price target on shares of TJX Companies in a research report on Thursday, February 27th. BMO Capital Markets increased their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Guggenheim upped their target price on TJX Companies from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Finally, Jefferies Financial Group increased their price target on TJX Companies from $140.00 to $145.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $135.06.

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.