Royal London Asset Management Ltd. Lowers Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Royal London Asset Management Ltd. trimmed its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 0.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 576,596 shares of the apparel and home fashions retailer's stock after selling 2,128 shares during the period. Royal London Asset Management Ltd. owned approximately 0.05% of TJX Companies worth $69,659,000 at the end of the most recent quarter.

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

TJX Companies Price Performance

Shares of TJX Companies stock traded up $3.52 on Monday, hitting $119.64. The company's stock had a trading volume of 4,314,501 shares, compared to its average volume of 4,879,862. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The firm has a fifty day moving average price of $121.69 and a 200-day moving average price of $120.15. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The company has a market capitalization of $134.49 billion, a P/E ratio of 28.15, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96.

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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 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 business had revenue of $16.35 billion during the quarter, compared to analysts' expectations of $16.24 billion. On average, equities research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the 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 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 document filed with the SEC, which is available through this link. Also, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction on Thursday, February 27th. The shares were 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. Insiders own 0.13% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. BMO Capital Markets upped their price target 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. Jefferies Financial Group upped their target price on shares of TJX Companies from $140.00 to $145.00 and gave the company a "buy" rating in a report on Thursday, December 5th. UBS Group raised their price target on TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a report on Friday, January 10th. StockNews.com cut TJX Companies from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Finally, Wells Fargo & Company increased their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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.