United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Purchases New Shares in The TJX Companies, Inc. (NYSE:TJX)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,100 shares of the apparel and home fashions retailer's stock, valued at approximately $1,099,000.

Other hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in TJX Companies during the fourth quarter worth $570,342,000. DJE Kapital AG acquired a new position in shares of TJX Companies during the 4th quarter worth $140,068,000. Provident Trust Co. raised its stake in shares of TJX Companies by 71.3% during the 4th quarter. Provident Trust Co. now owns 2,723,149 shares of the apparel and home fashions retailer's stock worth $328,984,000 after buying an additional 1,133,486 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in TJX Companies by 161.3% in 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 acquiring an additional 1,102,912 shares during the last quarter. Finally, Capital Wealth Planning LLC increased its holdings 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 acquiring an additional 1,027,456 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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 shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction on 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 of the company's stock, valued at $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.

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TJX Companies Trading Down 2.1 %

TJX stock traded down $2.51 on Friday, hitting $118.06. 3,742,276 shares of the company were exchanged, compared to its average volume of 5,199,483. The stock has a market capitalization of $132.72 billion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The business's fifty day moving average is $121.61 and its two-hundred day moving average is $120.22. 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 current ratio of 1.19 and a quick ratio of 0.50.

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. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. As a group, research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Morgan Stanley increased their price target on shares of TJX Companies from $130.00 to $135.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. Robert W. Baird increased their target price on TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Jefferies Financial Group boosted their price target on TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. StockNews.com raised TJX Companies from a "hold" rating to a "buy" rating in a research note on Thursday. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $145.00 target price on shares of TJX Companies in a research note on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, TJX Companies presently has an average rating of "Moderate Buy" and an average price target of $135.06.

About TJX Companies

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.