iA Global Asset Management Inc. Increases Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

iA Global Asset Management Inc. grew its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 125.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 118,917 shares of the apparel and home fashions retailer's stock after acquiring an additional 66,123 shares during the quarter. iA Global Asset Management Inc.'s holdings in TJX Companies were worth $14,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its position in TJX Companies by 1.0% in the 3rd 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 purchasing an additional 469,287 shares in the last quarter. Geode Capital Management LLC increased its position in shares of TJX Companies by 1.5% during the third quarter. Geode Capital Management LLC now owns 23,857,584 shares of the apparel and home fashions retailer's stock valued at $2,795,121,000 after acquiring an additional 363,707 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in TJX Companies by 7.5% during the third 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 worth $1,079,319,000 after acquiring an additional 643,833 shares during the period. Franklin Resources Inc. boosted its position in TJX Companies by 9.9% in the third 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 last quarter. Finally, Nordea Investment Management AB grew its stake in TJX Companies by 13.3% in the 4th quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer's stock valued at $850,428,000 after purchasing an additional 827,103 shares during the period. Institutional investors own 91.09% of the company's stock.

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TJX Companies Price Performance

NYSE TJX traded up $3.52 on Monday, hitting $119.64. The stock had a trading volume of 4,314,501 shares, compared to its average volume of 4,879,864. The firm has a 50-day moving average of $121.68 and a 200-day moving average of $120.16. The company has a market capitalization of $134.49 billion, a price-to-earnings ratio of 28.15, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. 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 data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) 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 company had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. Equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 23,428 shares of the business'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 $59,569,772.67. The trade was a 4.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TJX shares. StockNews.com cut TJX Companies from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. 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 report on Tuesday, January 21st. Telsey Advisory Group reissued an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a research report on Thursday, February 27th. Jefferies Financial Group lifted their price target on shares of TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company increased their price objective on TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, January 10th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average 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.