OVERSEA CHINESE BANKING Corp Ltd Increases Position in The TJX Companies, Inc. (NYSE:TJX)

OVERSEA CHINESE BANKING Corp Ltd lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 56.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 137,333 shares of the apparel and home fashions retailer's stock after purchasing an additional 49,548 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in TJX Companies were worth $16,587,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of TJX. Bogart Wealth LLC purchased a new stake in shares of TJX Companies during the fourth quarter worth about $25,000. Trivant Custom Portfolio Group LLC purchased a new stake in shares of TJX Companies during the fourth quarter worth about $26,000. Truvestments Capital LLC purchased a new stake in shares of TJX Companies during the third quarter worth about $29,000. Legacy Investment Solutions LLC purchased a new stake in shares of TJX Companies during the third quarter worth about $30,000. Finally, SOA Wealth Advisors LLC. purchased a new stake in shares of TJX Companies during the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 91.09% of the company's stock.

Insider Activity

In related news, CEO Ernie Herrman sold 23,428 shares of the company's 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 directly owns 484,189 shares of the company's stock, valued at $59,569,772.67. This represents a 4.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction of $988,240.00. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

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TJX Companies Trading Down 0.1 %

Shares of TJX Companies stock traded down $0.16 on Friday, reaching $116.09. The company had a trading volume of 7,150,649 shares, compared to its average volume of 4,881,990. The firm's 50 day moving average price is $121.69 and its two-hundred day moving average price is $120.13. The firm has a market cap of $130.51 billion, a PE ratio of 27.32, a PEG ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. Sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TJX shares. Guggenheim boosted their price target on shares of TJX Companies from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Barclays boosted their price target on shares of TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Jefferies Financial Group boosted their price target on shares of TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. StockNews.com lowered shares of TJX Companies from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Finally, Morgan Stanley boosted their price target 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. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus 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.