The TJX Companies, Inc. (NYSE:TJX) Stake Decreased by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lowered its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 102,928 shares of the apparel and home fashions retailer's stock after selling 4,540 shares during the quarter. Elo Mutual Pension Insurance Co's holdings in TJX Companies were worth $12,435,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of TJX Companies by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer's stock worth $11,998,201,000 after purchasing an additional 578,948 shares during the period. State Street Corp increased its position in shares of TJX Companies by 1.0% in the third quarter. State Street Corp now owns 47,556,435 shares of the apparel and home fashions retailer's stock worth $5,589,783,000 after acquiring an additional 469,287 shares in the last quarter. Geode Capital Management LLC increased its position in shares of TJX Companies by 1.5% in the third quarter. Geode Capital Management LLC now owns 23,857,584 shares of the apparel and home fashions retailer's stock worth $2,795,121,000 after acquiring an additional 363,707 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of TJX Companies by 7.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,182,564 shares of the apparel and home fashions retailer's stock valued at $1,079,319,000 after acquiring an additional 643,833 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in TJX Companies by 9.9% during the 3rd quarter. Franklin Resources Inc. now owns 7,271,499 shares of the apparel and home fashions retailer's stock worth $837,951,000 after purchasing an additional 657,529 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

TJX Companies Stock Down 2.1 %

Shares of TJX stock traded down $2.51 during trading hours on Friday, hitting $118.06. 3,742,276 shares of the company were exchanged, compared to its average volume of 5,199,483. The stock has a market capitalization of $132.72 billion, a price-to-earnings ratio of 27.78, a P/E/G ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The business's 50-day simple moving average is $121.61 and its two-hundred day simple moving average is $120.22. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

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

Analysts Set New Price Targets

Several research analysts have commented on TJX shares. Barclays raised 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. Guggenheim raised their target price on TJX Companies from $135.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Telsey Advisory Group restated an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a report on Thursday, February 27th. Jefferies Financial Group increased their price objective on shares of TJX Companies from $140.00 to $145.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Finally, UBS Group upped their target price on shares of TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $135.06.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 484,189 shares in the company, valued at $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.