Atala Financial Inc Invests $2.22 Million in The TJX Companies, Inc. (NYSE:TJX)

Atala Financial Inc purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 18,337 shares of the apparel and home fashions retailer’s stock, valued at approximately $2,215,000. TJX Companies accounts for about 1.6% of Atala Financial Inc’s portfolio, making the stock its 16th largest holding.

Several other institutional investors have also modified their holdings of TJX. Raymond James Financial Inc. purchased a new position in shares of TJX Companies during the 4th quarter worth $570,342,000. DJE Kapital AG purchased a new position in shares of TJX Companies during the 4th quarter worth $140,068,000. Provident Trust Co. raised its holdings 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 acquiring an additional 1,133,486 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of TJX Companies by 161.3% during 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 worth $210,003,000 after acquiring an additional 1,102,912 shares during the period. Finally, Capital Wealth Planning LLC raised its holdings in shares of 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 worth $441,953,000 after acquiring an additional 1,027,456 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TJX shares. Guggenheim raised 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. Telsey Advisory Group reissued an “outperform” rating and set a $145.00 price objective on shares of TJX Companies in a research report on Thursday, February 27th. BMO Capital Markets raised their price objective on TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Morgan Stanley raised their price objective on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Finally, Evercore ISI raised their price objective on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $135.06.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 23,428 shares of the business’s stock in a transaction dated 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the business’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 disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $112.62 on Friday. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The company has a market cap of $126.60 billion, a PE ratio of 26.50, a P/E/G 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 has a 50-day simple moving average of $122.33 and a 200-day simple moving average of $120.24.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $16.24 billion. On average, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

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.