California Public Employees Retirement System Buys 158,854 Shares of The TJX Companies, Inc. (NYSE:TJX)

California Public Employees Retirement System raised its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 6.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,807,955 shares of the apparel and home fashions retailer's stock after purchasing an additional 158,854 shares during the period. California Public Employees Retirement System owned 0.25% of TJX Companies worth $339,229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

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Insider Transactions at TJX Companies

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $2,882,346.84. Following the completion of the sale, the chief executive officer now owns 484,189 shares of the company's stock, valued at $59,569,772.67. This trade represents 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.

Wall Street Analysts Forecast Growth

TJX has been the subject of several research reports. UBS Group lifted their target price on TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research report on Friday, January 10th. BMO Capital Markets lifted their target price on TJX Companies from $133.00 to $145.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Wells Fargo & Company increased their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Friday, January 10th. Jefferies Financial Group boosted their price objective 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, Barclays upped their price objective on TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, TJX Companies presently has an average rating of "Moderate Buy" and a consensus price target of $135.06.

TJX Companies Stock Up 3.1 %

TJX traded up $3.69 during mid-day trading on Monday, reaching $121.90. 6,828,750 shares of the stock were exchanged, compared to its average volume of 5,205,972. 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 company has a 50 day moving average price of $121.61 and a two-hundred day moving average price of $120.24. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The stock has a market capitalization of $137.03 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating the consensus estimate of $1.16 by $0.07. The business 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%. As a group, research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current 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.