Vinva Investment Management Ltd Grows Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Vinva Investment Management Ltd raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 10.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,553 shares of the apparel and home fashions retailer's stock after buying an additional 5,280 shares during the quarter. Vinva Investment Management Ltd's holdings in TJX Companies were worth $6,969,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Bogart Wealth LLC purchased a new position in shares of TJX Companies in the 4th quarter worth about $25,000. Trivant Custom Portfolio Group LLC purchased a new position in shares of TJX Companies during the fourth quarter valued at about $26,000. Legacy Investment Solutions LLC bought a new position in shares of TJX Companies in the 3rd quarter worth approximately $30,000. Truvestments Capital LLC purchased a new stake in TJX Companies in the third quarter worth $29,000. Finally, SOA Wealth Advisors LLC. bought a new position in shares of TJX Companies in the 4th quarter worth about $30,000. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Trading Down 0.1 %

TJX traded down $0.16 during trading hours on Friday, reaching $116.09. 7,150,649 shares of the company's stock traded hands, compared to its average volume of 4,881,990. The firm has a 50-day moving average price of $121.69 and a 200 day moving average price of $120.13. The firm has a market capitalization of $130.51 billion, a PE ratio of 27.32, a PEG ratio of 2.75 and a beta of 0.96. 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 TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00.

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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 (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.07. The firm had revenue of $16.35 billion during 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, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on TJX. StockNews.com lowered TJX Companies from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Wells Fargo & Company boosted their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, January 10th. 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 report on Thursday, February 27th. Morgan Stanley lifted their price objective on TJX Companies from $130.00 to $135.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. Finally, Guggenheim lifted their target price on shares of TJX Companies from $135.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $135.06.

Insider Activity

In other news, Director Alan M. Bennett sold 8,000 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.