Generali Asset Management SPA SGR Invests $9.13 Million in The TJX Companies, Inc. (NYSE:TJX)

Generali Asset Management SPA SGR acquired a new stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 75,556 shares of the apparel and home fashions retailer's stock, valued at approximately $9,128,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Howard Capital Management Group LLC raised its holdings in TJX Companies by 42.9% during the 3rd quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer's stock valued at $27,208,000 after buying an additional 69,489 shares during the last quarter. Empowered Funds LLC increased its stake in shares of TJX Companies by 23.0% in the 3rd quarter. Empowered Funds LLC now owns 30,495 shares of the apparel and home fashions retailer's stock worth $3,584,000 after acquiring an additional 5,707 shares in the last quarter. Thrivent Financial for Lutherans grew its position in TJX Companies by 2.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 114,416 shares of the apparel and home fashions retailer's stock valued at $13,448,000 after purchasing an additional 3,258 shares during the last quarter. Quest Partners LLC grew its position in TJX Companies by 622.3% during the 3rd quarter. Quest Partners LLC now owns 27,202 shares of the apparel and home fashions retailer's stock valued at $3,197,000 after purchasing an additional 23,436 shares during the last quarter. Finally, Braun Stacey Associates Inc. grew its position in TJX Companies by 4.1% during the 3rd quarter. Braun Stacey Associates Inc. now owns 225,269 shares of the apparel and home fashions retailer's stock valued at $26,478,000 after purchasing an additional 8,803 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

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TJX Companies Stock Down 0.1 %

TJX Companies stock traded down $0.16 during trading hours on Friday, reaching $116.09. The stock had a trading volume of 7,150,649 shares, compared to its average volume of 4,883,016. The company has a market cap of $130.51 billion, a price-to-earnings ratio of 27.32, a PEG ratio of 2.75 and a beta of 0.96. 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 business's 50 day moving average price is $121.69 and its 200-day moving average price is $120.12. 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 issued its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping analysts' consensus estimates of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. Sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TJX. Jefferies Financial Group raised their price target on shares of TJX Companies from $140.00 to $145.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Guggenheim lifted their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. TD Cowen raised their target price on shares of TJX Companies from $130.00 to $132.00 and gave the company a "buy" rating in a report on Friday, November 22nd. Morgan Stanley lifted their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. Finally, BMO Capital Markets boosted their target price on shares of TJX Companies from $133.00 to $145.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $135.06.

Insider Activity 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 stock was sold at an average price of $123.53, for a total value of $988,240.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Ernie Herrman sold 23,428 shares of the company's stock in a transaction that occurred 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 in the company, valued at approximately $59,569,772.67. This 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 insiders.

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.