IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 4,064 Shares of The TJX Companies, Inc. (NYSE:TJX)

IQ EQ FUND MANAGEMENT IRELAND Ltd decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 14.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,868 shares of the apparel and home fashions retailer's stock after selling 4,064 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in TJX Companies were worth $2,883,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Bogart Wealth LLC acquired a new stake in shares of TJX Companies during the fourth quarter worth about $25,000. Trivant Custom Portfolio Group LLC acquired a new stake in TJX Companies during the 4th quarter worth approximately $26,000. Truvestments Capital LLC bought a new position in TJX Companies in the third quarter valued at approximately $29,000. Legacy Investment Solutions LLC bought a new stake in shares of TJX Companies during the third quarter worth $30,000. Finally, SOA Wealth Advisors LLC. acquired a new stake in shares of TJX Companies during the fourth quarter worth $30,000. Institutional investors and hedge funds own 91.09% of the company's stock.

Insider Transactions at TJX Companies

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 stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ernie Herrman sold 23,428 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was 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. The trade was a 4.62 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

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TJX Companies Price Performance

Shares of TJX stock traded down $2.51 during trading hours on Friday, reaching $118.06. The company's stock had a trading volume of 3,742,276 shares, compared to its average volume of 5,199,483. The company has a market capitalization of $132.72 billion, a price-to-earnings ratio of 27.78, a PEG ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The firm's 50 day simple moving average is $121.61 and its 200-day simple moving average is $120.22. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. Sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TJX. Barclays increased their target price on TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Morgan Stanley increased their price objective on TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. BMO Capital Markets boosted their target price on TJX Companies from $133.00 to $145.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Wells Fargo & Company raised their price target on shares of TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Friday, January 10th. Finally, StockNews.com raised shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, TJX Companies currently has a consensus rating of "Moderate Buy" and an average target price 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.