Clearbridge Investments LLC Has $715.34 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Clearbridge Investments LLC raised its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 0.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,921,211 shares of the apparel and home fashions retailer's stock after acquiring an additional 41,082 shares during the period. Clearbridge Investments LLC owned approximately 0.53% of TJX Companies worth $715,342,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Congress Asset Management Co. lifted its stake in shares of 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 valued at $148,456,000 after purchasing an additional 13,036 shares during the period. Atlas Legacy Advisors LLC purchased a new stake in shares of TJX Companies in the fourth quarter valued at about $433,000. BLB&B Advisors LLC grew its position in shares of TJX Companies by 2.8% in the fourth 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 purchasing an additional 2,201 shares during the last quarter. Empowered Funds LLC increased its stake 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 worth $4,130,000 after purchasing an additional 3,691 shares in the last quarter. Finally, Boyd Watterson Asset Management LLC OH acquired a new position in shares of TJX Companies during the 4th quarter worth approximately $604,000. Hedge funds and other institutional investors own 91.09% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms have weighed in on TJX. Telsey Advisory Group reissued an "outperform" rating and set a $145.00 price target on shares of TJX Companies in a research report on Thursday, February 27th. Jefferies Financial Group lifted their price objective on TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Robert W. Baird raised their price target on shares of TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. BMO Capital Markets lifted their price objective on TJX Companies from $133.00 to $145.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Finally, Guggenheim increased 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. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $135.06.

TJX Companies Stock Up 3.1 %

TJX Companies stock traded up $3.69 during midday trading on Monday, hitting $121.90. 6,828,750 shares of the company were exchanged, compared to its average volume of 5,205,972. The company has a market cap 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. The company's fifty day moving average price is $121.61 and its 200-day moving average price is $120.24. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week 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 EPS for the quarter, topping the consensus estimate of $1.16 by $0.07. The company had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. On average, research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 23,428 shares of the 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 transaction, the chief executive officer now owns 484,189 shares in the company, valued at $59,569,772.67. This trade represents a 4.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was 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. 0.13% of the stock is currently owned by company insiders.

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.