Great Lakes Advisors LLC Increases Stake in The TJX Companies, Inc. (NYSE:TJX)

Great Lakes Advisors LLC lifted its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 28.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,384 shares of the apparel and home fashions retailer's stock after buying an additional 23,469 shares during the quarter. Great Lakes Advisors LLC's holdings in TJX Companies were worth $12,852,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bogart Wealth LLC bought a new position in TJX Companies in the 4th quarter worth about $25,000. Trivant Custom Portfolio Group LLC bought a new position in TJX Companies in the 4th quarter worth about $26,000. Legacy Investment Solutions LLC bought a new position in TJX Companies in the 3rd quarter worth about $30,000. Truvestments Capital LLC bought a new position in TJX Companies in the 3rd quarter worth about $29,000. Finally, SOA Wealth Advisors LLC. bought a new position in TJX Companies in the 4th quarter worth about $30,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

Shares of NYSE:TJX traded down $2.72 during trading on Thursday, hitting $112.62. The company's stock had a trading volume of 6,016,772 shares, compared to its average volume of 4,880,949. The company has a 50-day moving average of $122.33 and a 200-day moving average of $120.24. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. 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 firm has a market cap of $126.60 billion, a price-to-earnings ratio of 26.50, a P/E/G ratio of 2.75 and a beta of 0.96.

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TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping 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 net margin of 8.63% and a return on equity of 61.82%. On average, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Insider Buying and Selling

In related news, 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 value of $2,882,346.84. Following the completion of the sale, the chief executive officer now directly owns 484,189 shares of the company's stock, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction that occurred on 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 insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TJX. Robert W. Baird upped 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. Deutsche Bank Aktiengesellschaft upped their price target on shares of TJX Companies from $130.00 to $131.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Guggenheim upped their price target on shares of TJX Companies from $135.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. StockNews.com cut shares of TJX Companies from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. Finally, Jefferies Financial Group upped their target price on shares of TJX Companies from $140.00 to $145.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $135.06.

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.