The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Sciencast Management LP

Sciencast Management LP raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 114.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,218 shares of the apparel and home fashions retailer's stock after acquiring an additional 13,443 shares during the quarter. TJX Companies makes up 0.8% of Sciencast Management LP's portfolio, making the stock its 7th biggest position. Sciencast Management LP's holdings in TJX Companies were worth $3,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the stock. State Street Corp increased its holdings in shares of 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 valued at $5,589,783,000 after acquiring an additional 469,287 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of TJX Companies by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 23,857,584 shares of the apparel and home fashions retailer's stock worth $2,795,121,000 after buying an additional 363,707 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of TJX Companies by 7.5% in the 3rd 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 valued at $1,079,319,000 after buying an additional 643,833 shares during the period. Franklin Resources Inc. grew its position in shares of TJX Companies by 9.9% during the 3rd quarter. Franklin Resources Inc. now owns 7,271,499 shares of the apparel and home fashions retailer's stock valued at $837,951,000 after buying an additional 657,529 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in TJX Companies by 13.3% during the fourth quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer's stock worth $850,428,000 after acquiring an additional 827,103 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

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TJX Companies Price Performance

Shares of TJX traded up $0.27 during trading hours on Tuesday, hitting $119.87. 1,069,542 shares of the company were exchanged, compared to its average volume of 4,851,537. 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 company has a market capitalization of $134.75 billion, a PE ratio of 28.21, a PEG ratio of 2.75 and a beta of 0.96. The firm has a fifty day simple moving average of $121.68 and a 200-day simple moving average of $120.16. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00.

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 for the quarter, beating analysts' consensus estimates of $1.16 by $0.07. The business had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Insider Activity 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 legal filing with the SEC, which can be accessed through this link. Also, CEO Ernie Herrman sold 23,428 shares of the company's stock in a transaction dated 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 completion of the sale, the chief executive officer now directly 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.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TJX shares. Jefferies Financial Group upped their target price on TJX Companies from $140.00 to $145.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Morgan Stanley raised their target price on TJX Companies from $130.00 to $135.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. Wells Fargo & Company lifted their target price on TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a research note on Friday, January 10th. StockNews.com cut TJX Companies from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. Finally, BMO Capital Markets lifted their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $135.06.

About TJX Companies

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.