Zurcher Kantonalbank Zurich Cantonalbank Increases Stake in The TJX Companies, Inc. (NYSE:TJX)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 6.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 243,837 shares of the apparel and home fashions retailer's stock after purchasing an additional 14,004 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in TJX Companies were worth $29,458,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Congress Asset Management Co. raised its holdings in shares of TJX Companies by 1.1% in the 4th quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer's stock worth $148,456,000 after purchasing an additional 13,036 shares in the last quarter. Atlas Legacy Advisors LLC bought a new stake in shares of TJX Companies in the 4th quarter worth approximately $433,000. BLB&B Advisors LLC raised its holdings in shares of TJX Companies by 2.8% in the 4th quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer's stock worth $9,795,000 after purchasing an additional 2,201 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of TJX Companies by 12.1% in the 4th quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer's stock worth $4,130,000 after purchasing an additional 3,691 shares in the last quarter. Finally, Boyd Watterson Asset Management LLC OH acquired a new stake in shares of TJX Companies during the fourth quarter valued at approximately $604,000. 91.09% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

TJX has been the topic of a number of research analyst reports. StockNews.com downgraded shares of TJX Companies from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. BMO Capital Markets upped their target price 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. Telsey Advisory Group reiterated an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a research note on Thursday, February 27th. TD Cowen increased their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the company a "buy" rating in a research note on Friday, November 22nd. Finally, Jefferies Financial Group upped their target price on shares of TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $135.06.

Insider Activity at TJX Companies

In related 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 value of $2,882,346.84. Following the completion of the transaction, the chief executive officer now owns 484,189 shares of the company's stock, valued at $59,569,772.67. The trade was a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alan M. Bennett sold 8,000 shares of the business's 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 disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

TJX Companies Stock Performance

Shares of TJX traded down $1.48 during midday trading on Tuesday, reaching $116.13. 6,518,035 shares of the stock were exchanged, compared to its average volume of 4,875,339. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. 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 cap of $130.55 billion, a P/E ratio of 27.33, a PEG ratio of 2.75 and a beta of 0.96. The stock's 50 day simple moving average is $122.61 and its 200 day simple moving average is $120.33.

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

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.