Napean Trading & Investment Co Singapore PTE Ltd Has $18.58 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Napean Trading & Investment Co Singapore PTE Ltd grew its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 37.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 153,796 shares of the apparel and home fashions retailer's stock after buying an additional 42,117 shares during the period. TJX Companies accounts for about 4.6% of Napean Trading & Investment Co Singapore PTE Ltd's portfolio, making the stock its 6th biggest holding. Napean Trading & Investment Co Singapore PTE Ltd's holdings in TJX Companies were worth $18,580,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. United Services Automobile Association increased its position in TJX Companies by 1.4% during the 4th quarter. United Services Automobile Association now owns 25,607 shares of the apparel and home fashions retailer's stock worth $3,094,000 after buying an additional 356 shares during the period. Angeles Investment Advisors LLC increased its holdings in shares of TJX Companies by 4.5% during the fourth quarter. Angeles Investment Advisors LLC now owns 2,374 shares of the apparel and home fashions retailer's stock worth $287,000 after purchasing an additional 102 shares during the period. Vanguard Group Inc. raised its position in shares of TJX Companies by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer's stock valued at $11,998,201,000 after buying an additional 578,948 shares in the last quarter. Haverford Financial Services Inc. boosted its stake in shares of TJX Companies by 0.3% in the fourth quarter. Haverford Financial Services Inc. now owns 99,589 shares of the apparel and home fashions retailer's stock valued at $12,031,000 after buying an additional 278 shares during the period. Finally, Napatree Capital LLC acquired a new stake in TJX Companies during the fourth quarter worth approximately $232,000. 91.09% of the stock is currently owned by institutional investors.

Insider Activity at TJX Companies

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of TJX Companies 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of the firm's stock in a transaction 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 transaction, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. This trade represents 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 currently owned by insiders.

Wall Street Analyst Weigh In

TJX has been the topic of several recent analyst reports. Robert W. Baird raised their target price on shares of TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. 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 research note on Thursday, December 5th. StockNews.com downgraded shares of TJX Companies from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. 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 report on Thursday, February 27th. Finally, Wells Fargo & Company lifted their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a research 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 stock. According to data from MarketBeat, TJX Companies has a consensus rating of "Moderate Buy" and an average target price of $135.06.

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Shares of TJX opened at $116.09 on Monday. The firm has a market cap of $130.51 billion, a P/E ratio of 27.32, a P/E/G 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 TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The stock has a 50 day simple moving average of $121.69 and a two-hundred day simple moving average of $120.15.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $16.35 billion for the quarter, compared to analysts' expectations of $16.24 billion. On average, analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

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.

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