Vanguard Group Inc. Increases Position in The TJX Companies, Inc. (NYSE:TJX)

Vanguard Group Inc. grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 99,314,635 shares of the apparel and home fashions retailer's stock after purchasing an additional 578,948 shares during the quarter. Vanguard Group Inc. owned approximately 8.83% of TJX Companies worth $11,998,201,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in TJX Companies in the 4th quarter worth $570,342,000. DJE Kapital AG purchased a new stake in shares of TJX Companies during the fourth quarter worth about $140,068,000. Provident Trust Co. grew its stake in shares of TJX Companies by 71.3% in 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 purchasing an additional 1,133,486 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in TJX Companies by 161.3% during the 3rd 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 purchasing an additional 1,102,912 shares during the period. Finally, Capital Wealth Planning LLC raised its position in TJX Companies by 39.1% during the 4th quarter. Capital Wealth Planning LLC now owns 3,658,245 shares of the apparel and home fashions retailer's stock valued at $441,953,000 after purchasing an additional 1,027,456 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the business's stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 484,189 shares in the company, valued at $59,569,772.67. The trade was a 4.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The shares were 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. Company insiders own 0.13% of the company's stock.

TJX Companies Stock Up 0.4 %

Shares of TJX traded up $0.45 on Tuesday, hitting $120.05. 3,831,316 shares of the stock traded hands, compared to its average volume of 4,879,279. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The company has a market capitalization of $134.96 billion, a PE ratio of 28.25, a P/E/G ratio of 2.75 and a beta of 0.96. The business has a 50 day simple moving average of $121.68 and a 200 day simple moving average of $120.16. 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 posted its quarterly 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 return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $16.35 billion during the quarter, compared to analysts' expectations of $16.24 billion. As a group, equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TJX shares. Robert W. Baird lifted their price objective on TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. BMO Capital Markets lifted their price target on shares of TJX Companies from $133.00 to $145.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Wells Fargo & Company upped their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a report on Friday, January 10th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $145.00 target price on shares of TJX Companies in a research report on Thursday, February 27th. Finally, Guggenheim boosted their price target on shares of TJX Companies from $135.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.