TD Asset Management Inc. Increases Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

TD Asset Management Inc. lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,837,972 shares of the apparel and home fashions retailer's stock after purchasing an additional 177,473 shares during the period. TD Asset Management Inc. owned about 0.43% of TJX Companies worth $584,475,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in TJX Companies in the 4th quarter valued at $570,342,000. DJE Kapital AG purchased a new stake in shares of TJX Companies during the fourth quarter worth $140,068,000. Provident Trust Co. grew its holdings in shares of TJX Companies by 71.3% during the fourth quarter. Provident Trust Co. now owns 2,723,149 shares of the apparel and home fashions retailer's stock worth $328,984,000 after buying an additional 1,133,486 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of TJX Companies by 161.3% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,786,652 shares of the apparel and home fashions retailer's stock valued at $210,003,000 after buying an additional 1,102,912 shares during the last quarter. Finally, Capital Wealth Planning LLC lifted its stake in shares of TJX Companies by 39.1% in the fourth quarter. Capital Wealth Planning LLC now owns 3,658,245 shares of the apparel and home fashions retailer's stock worth $441,953,000 after buying an additional 1,027,456 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

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Analyst Ratings Changes

A number of analysts have commented on the stock. Morgan Stanley increased their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. Telsey Advisory Group reissued an "outperform" rating and set a $145.00 price objective on shares of TJX Companies in a research note on Thursday, February 27th. Wells Fargo & Company upped their target price on TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, January 10th. BMO Capital Markets lifted their price target on TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Finally, Robert W. Baird upped their price objective 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. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $135.06.

Insider Activity at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer now owns 484,189 shares in the company, valued at $59,569,772.67. The trade was 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 company insiders.

TJX Companies Trading Down 2.7 %

NYSE TJX traded down $3.28 during trading on Friday, hitting $117.29. The stock had a trading volume of 1,643,513 shares, compared to its average volume of 4,802,562. 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 company has a market capitalization of $131.85 billion, a PE ratio of 27.59, a PEG ratio of 2.75 and a beta of 0.96. The firm has a 50 day moving average price of $121.69 and a 200 day moving average price of $120.19. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping the consensus estimate 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. As a group, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

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.