Gardner Lewis Asset Management L P Sells 2,835 Shares of The TJX Companies, Inc. (NYSE:TJX)

Gardner Lewis Asset Management L P reduced its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 5.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 54,322 shares of the apparel and home fashions retailer's stock after selling 2,835 shares during the quarter. TJX Companies comprises 1.6% of Gardner Lewis Asset Management L P's portfolio, making the stock its 22nd largest holding. Gardner Lewis Asset Management L P's holdings in TJX Companies were worth $6,563,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DnB Asset Management AS boosted its position in shares of TJX Companies by 15.8% during the 4th quarter. DnB Asset Management AS now owns 237,176 shares of the apparel and home fashions retailer's stock valued at $28,653,000 after purchasing an additional 32,395 shares in the last quarter. Level Four Advisory Services LLC lifted its stake in TJX Companies by 8.2% during the fourth quarter. Level Four Advisory Services LLC now owns 76,978 shares of the apparel and home fashions retailer's stock valued at $9,300,000 after purchasing an additional 5,830 shares during the last quarter. denkapparat Operations GmbH bought a new stake in TJX Companies during the fourth quarter worth approximately $667,000. Orion Portfolio Solutions LLC grew its position in TJX Companies by 3.2% in the fourth quarter. Orion Portfolio Solutions LLC now owns 77,073 shares of the apparel and home fashions retailer's stock worth $9,311,000 after buying an additional 2,425 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its holdings in shares of TJX Companies by 13.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 976,069 shares of the apparel and home fashions retailer's stock valued at $117,919,000 after buying an additional 115,381 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

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TJX Companies Stock Down 2.1 %

Shares of NYSE TJX traded down $2.51 during mid-day trading on Friday, reaching $118.06. The company had a trading volume of 3,742,276 shares, compared to its average volume of 5,199,483. The stock has a market capitalization of $132.72 billion, a PE ratio of 27.78, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. 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 stock's 50 day moving average is $121.61 and its 200-day moving average is $120.22.

TJX Companies (NYSE:TJX - Get Free Report) last issued 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. 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%. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction on 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 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. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TJX. 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. Morgan Stanley upped their target price on TJX Companies from $130.00 to $135.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. Guggenheim lifted their price target on TJX Companies from $135.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. StockNews.com raised shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Thursday. Finally, Jefferies Financial Group lifted their target price on shares of TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, TJX Companies presently has a consensus rating of "Moderate Buy" and an average target price 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.