CIBC Private Wealth Group LLC Has $369.31 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

CIBC Private Wealth Group LLC reduced its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,035,844 shares of the apparel and home fashions retailer's stock after selling 75,457 shares during the period. CIBC Private Wealth Group LLC owned approximately 0.27% of TJX Companies worth $369,310,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in TJX Companies by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer's stock valued at $11,998,201,000 after buying an additional 578,948 shares in the last quarter. State Street Corp raised its stake in TJX Companies by 1.0% during the third quarter. State Street Corp now owns 47,556,435 shares of the apparel and home fashions retailer's stock worth $5,589,783,000 after purchasing an additional 469,287 shares during the period. Geode Capital Management LLC increased its position in TJX Companies by 1.5% during 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 purchasing an additional 363,707 shares in the last quarter. Norges Bank purchased a new position in shares of TJX Companies in the 4th quarter valued at $1,670,565,000. Finally, Franklin Resources Inc. raised its stake in shares of TJX Companies by 9.9% in 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 purchasing an additional 657,529 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

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Insiders Place Their Bets

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the company'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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total value of $2,882,346.84. Following the completion of the sale, the chief executive officer now directly owns 484,189 shares of the company's stock, 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. Corporate insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TJX shares. Morgan Stanley increased their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. BMO Capital Markets increased their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. UBS Group lifted their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Wells Fargo & Company raised their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a research note on Friday, January 10th. Finally, Guggenheim boosted their price objective on TJX Companies from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat.com, TJX Companies presently has an average rating of "Moderate Buy" and a consensus price target of $135.06.

TJX Companies Price Performance

Shares of NYSE TJX traded up $3.69 during trading on Monday, hitting $121.90. The company had a trading volume of 6,828,750 shares, compared to its average volume of 5,205,972. The company has a market cap of $137.03 billion, a P/E ratio of 28.68, a PEG ratio of 2.75 and a beta of 0.96. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The business's 50-day moving average is $121.61 and its 200 day moving average is $120.24. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week 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 (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.07. The company had revenue of $16.35 billion for 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%. Equities research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal 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.