UniSuper Management Pty Ltd Decreases Stock Position in The TJX Companies, Inc. (NYSE:TJX)

UniSuper Management Pty Ltd lessened its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 32.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 69,327 shares of the apparel and home fashions retailer's stock after selling 32,822 shares during the period. UniSuper Management Pty Ltd's holdings in TJX Companies were worth $8,375,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of TJX. Bogart Wealth LLC bought a new position in TJX Companies in the 4th quarter valued at about $25,000. Trivant Custom Portfolio Group LLC bought a new position in shares of TJX Companies during the fourth quarter valued at about $26,000. Truvestments Capital LLC purchased a new position in shares of TJX Companies in the 3rd quarter worth approximately $29,000. Legacy Investment Solutions LLC purchased a new position in TJX Companies in the third quarter worth $30,000. Finally, SOA Wealth Advisors LLC. purchased a new position in shares of TJX Companies in the 4th quarter worth about $30,000. Institutional investors own 91.09% of the company's stock.

TJX Companies Price Performance

NYSE TJX traded down $2.51 on Friday, reaching $118.06. 3,742,276 shares of the company's stock traded hands, compared to its average volume of 5,199,483. The stock has a market cap of $132.72 billion, a PE ratio of 27.78, a P/E/G ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. The stock has a 50-day simple moving average of $121.61 and a 200 day simple moving average of $120.22. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

Remove Ads

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating 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 net margin of 8.63% and a return on equity of 61.82%. As a group, research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Analysts Set New Price Targets

TJX has been the topic of several research analyst reports. Jefferies Financial Group upped their price objective on TJX Companies from $140.00 to $145.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Wells Fargo & Company upped their price target on TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a research report on Friday, January 10th. UBS Group raised 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. Telsey Advisory Group reaffirmed an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a report on Thursday, February 27th. Finally, StockNews.com raised shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Thursday. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $135.06.

Insider Transactions at TJX Companies

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the company's stock in a transaction on 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 sale, the chief executive officer now directly owns 484,189 shares in the company, valued at approximately $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. Company insiders own 0.13% of the company's stock.

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.