The TJX Companies, Inc. (NYSE:TJX) Stake Boosted by DnB Asset Management AS

DnB Asset Management AS lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 15.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 237,176 shares of the apparel and home fashions retailer's stock after purchasing an additional 32,395 shares during the quarter. DnB Asset Management AS's holdings in TJX Companies were worth $28,653,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Bogart Wealth LLC purchased a new stake in shares of TJX Companies in the 4th quarter worth about $25,000. Trivant Custom Portfolio Group LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at approximately $26,000. Truvestments Capital LLC purchased a new position in shares of TJX Companies during the 3rd quarter worth approximately $29,000. Legacy Investment Solutions LLC acquired a new position in shares of TJX Companies during the 3rd quarter worth approximately $30,000. Finally, SOA Wealth Advisors LLC. acquired a new position in shares of TJX Companies during the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 91.09% of the company's stock.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 23,428 shares of the firm'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 transaction, the chief executive officer now directly owns 484,189 shares in the company, valued at $59,569,772.67. This trade 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 through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the business's stock in a transaction on 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. 0.13% of the stock is currently owned by company insiders.

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TJX Companies Stock Up 2.9 %

Shares of TJX stock traded up $3.43 during trading hours on Monday, reaching $121.64. The company had a trading volume of 2,906,951 shares, compared to its average volume of 5,191,455. The company has a market capitalization of $136.74 billion, a P/E ratio of 28.60, 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 twelve month low of $92.35 and a twelve month high of $128.00. The stock's fifty day simple moving average is $121.61 and its 200 day simple moving average is $120.24.

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

Analyst Upgrades and Downgrades

TJX has been the topic of several recent research reports. UBS Group upped their price objective on TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Jefferies Financial Group raised their price target on shares of TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Wells Fargo & Company boosted their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a research report on Friday, January 10th. BMO Capital Markets lifted their target price on shares of TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Finally, StockNews.com upgraded TJX Companies from a "hold" rating to a "buy" rating in a report on Thursday. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $135.06.

TJX Companies 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.