Harvest Fund Management Co. Ltd Acquires 7,753 Shares of The TJX Companies, Inc. (NYSE:TJX)

Harvest Fund Management Co. Ltd increased its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 62.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,129 shares of the apparel and home fashions retailer's stock after acquiring an additional 7,753 shares during the period. Harvest Fund Management Co. Ltd's holdings in TJX Companies were worth $2,431,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in TJX Companies in the fourth quarter valued at $570,342,000. DJE Kapital AG bought a new position in shares of TJX Companies during the fourth quarter worth about $140,068,000. Provident Trust Co. raised its position in shares of TJX Companies by 71.3% during the fourth quarter. Provident Trust Co. now owns 2,723,149 shares of the apparel and home fashions retailer's stock worth $328,984,000 after acquiring an additional 1,133,486 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of TJX Companies by 161.3% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,786,652 shares of the apparel and home fashions retailer's stock worth $210,003,000 after acquiring an additional 1,102,912 shares during the period. Finally, Capital Wealth Planning LLC boosted its holdings in TJX Companies by 39.1% in the fourth quarter. Capital Wealth Planning LLC now owns 3,658,245 shares of the apparel and home fashions retailer's stock valued at $441,953,000 after acquiring an additional 1,027,456 shares during the last quarter. Institutional investors own 91.09% of the company's stock.

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Insider Buying and Selling

In related news, Director Alan M. Bennett sold 8,000 shares of the company'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 value of $988,240.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies 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 sale, the chief executive officer now owns 484,189 shares of the company's stock, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

TJX Companies Stock Performance

Shares of TJX Companies stock traded up $3.52 on Monday, reaching $119.64. 4,314,501 shares of the company traded hands, compared to its average volume of 4,879,862. The company has a 50 day moving average of $121.69 and a 200 day moving average of $120.15. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The firm has a market capitalization of $134.49 billion, a PE ratio of 28.15, 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.

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TJX. Morgan Stanley raised their price target on shares of TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. Guggenheim upped their price target 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. Barclays lifted their price objective on TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Telsey Advisory Group restated an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a research report on Thursday, February 27th. Finally, UBS Group lifted their target price on TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, TJX Companies presently has an average 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.