Parallel Advisors LLC Increases Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Parallel Advisors LLC grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 132,716 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,723 shares during the quarter. Parallel Advisors LLC’s holdings in TJX Companies were worth $16,034,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. State Street Corp boosted its position in shares of TJX Companies by 1.0% in the 3rd quarter. State Street Corp now owns 47,556,435 shares of the apparel and home fashions retailer’s stock valued at $5,589,783,000 after purchasing an additional 469,287 shares during the period. Geode Capital Management LLC lifted its stake in TJX Companies by 1.5% in the third quarter. Geode Capital Management LLC now owns 23,857,584 shares of the apparel and home fashions retailer’s stock valued at $2,795,121,000 after buying an additional 363,707 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of TJX Companies by 7.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,182,564 shares of the apparel and home fashions retailer’s stock valued at $1,079,319,000 after acquiring an additional 643,833 shares during the period. Franklin Resources Inc. grew its position in shares of TJX Companies by 9.9% during the third quarter. Franklin Resources Inc. now owns 7,271,499 shares of the apparel and home fashions retailer’s stock worth $837,951,000 after acquiring an additional 657,529 shares during the last quarter. Finally, Nordea Investment Management AB grew its position in shares of TJX Companies by 13.3% during the fourth quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer’s stock worth $850,428,000 after acquiring an additional 827,103 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

NYSE:TJX opened at $113.27 on Monday. The stock has a market cap of $127.34 billion, a PE ratio of 26.65, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The firm’s fifty day simple moving average is $122.18 and its 200-day simple moving average is $120.20. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last posted its quarterly 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 company had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. Analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies 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 transaction, the chief executive officer now 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 owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. StockNews.com downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. TD Cowen upped their target price on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. BMO Capital Markets raised their price target on TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Barclays boosted their price target on TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. Finally, Jefferies Financial Group increased their price objective on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.