Focused Investors LLC Sells 8,350 Shares of The TJX Companies, Inc. (NYSE:TJX)

Focused Investors LLC lessened its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 0.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 962,850 shares of the apparel and home fashions retailer's stock after selling 8,350 shares during the period. TJX Companies accounts for approximately 3.7% of Focused Investors LLC's portfolio, making the stock its 14th largest holding. Focused Investors LLC owned approximately 0.09% of TJX Companies worth $116,322,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TJX. Congress Asset Management Co. boosted its position 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 acquiring an additional 13,036 shares during the last quarter. Atlas Legacy Advisors LLC bought a new stake in TJX Companies during the fourth quarter valued at approximately $433,000. BLB&B Advisors LLC grew its stake in 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 worth $9,795,000 after buying an additional 2,201 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of 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 buying an additional 3,691 shares during the last quarter. Finally, Boyd Watterson Asset Management LLC OH purchased a new stake in shares of TJX Companies during the 4th quarter valued at $604,000. Institutional investors own 91.09% of the company's stock.

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Analyst Ratings Changes

Several equities analysts have recently commented on TJX shares. Robert W. Baird increased their price objective on TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Guggenheim boosted their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $145.00 price objective on shares of TJX Companies in a research note on Thursday, February 27th. Wells Fargo & Company lifted their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Friday, January 10th. Finally, StockNews.com lowered 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 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 Stock Up 0.4 %

Shares of NYSE:TJX traded up $0.45 on Tuesday, hitting $120.05. 3,818,386 shares of the company traded hands, compared to its average volume of 4,879,279. The stock has a 50 day simple moving average of $121.68 and a 200-day simple moving average of $120.16. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The company has a market cap of $134.96 billion, a PE ratio of 28.25, a PEG ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data 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 business had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. As a group, research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Alan M. Bennett sold 8,000 shares of the business'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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

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.