Blueshift Asset Management LLC Has $1.97 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Blueshift Asset Management LLC lifted its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 314.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,316 shares of the apparel and home fashions retailer's stock after acquiring an additional 12,382 shares during the quarter. TJX Companies accounts for approximately 0.7% of Blueshift Asset Management LLC's holdings, making the stock its 19th largest position. Blueshift Asset Management LLC's holdings in TJX Companies were worth $1,971,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Congress Asset Management Co. boosted its holdings in TJX Companies by 1.1% in the fourth quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer's stock worth $148,456,000 after purchasing an additional 13,036 shares during the period. Atlas Legacy Advisors LLC bought a new position in shares of TJX Companies in the 4th quarter worth about $433,000. BLB&B Advisors LLC boosted its holdings in shares of TJX Companies by 2.8% in the 4th quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer's stock valued at $9,795,000 after buying an additional 2,201 shares during the period. Empowered Funds LLC grew its position in shares of TJX Companies by 12.1% during the 4th quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer's stock valued at $4,130,000 after buying an additional 3,691 shares during the last quarter. Finally, Boyd Watterson Asset Management LLC OH acquired a new stake in TJX Companies during the fourth quarter worth about $604,000. 91.09% of the stock is currently owned by institutional investors.

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TJX Companies Price Performance

Shares of TJX Companies stock traded up $3.52 during trading on Monday, hitting $119.64. The stock had a trading volume of 4,314,501 shares, compared to its average volume of 4,879,864. The business has a fifty day moving average of $121.68 and a two-hundred day moving average of $120.16. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The firm has a market cap of $134.49 billion, a P/E ratio of 28.15, a PEG ratio of 2.75 and a beta of 0.96. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly 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 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%. On average, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Ernie Herrman sold 23,428 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the completion of the sale, the chief executive officer now directly owns 484,189 shares of the company's stock, valued at $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the 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 currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently commented on TJX. Telsey Advisory Group reaffirmed an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a report on Thursday, February 27th. Wells Fargo & Company upped their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Friday, January 10th. Barclays raised their target price on TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Jefferies Financial Group upped their price target on shares of TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Finally, StockNews.com downgraded shares of TJX Companies from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target 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.