74,241 Shares in The TJX Companies, Inc. (NYSE:TJX) Purchased by Cambridge Financial Group Inc.

Cambridge Financial Group Inc. purchased a new stake in The TJX Companies, Inc. (NYSE:TJX) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 74,241 shares of the apparel and home fashions retailer’s stock, valued at approximately $8,969,000. TJX Companies accounts for approximately 3.7% of Cambridge Financial Group Inc.’s portfolio, making the stock its 7th biggest position.

A number of other institutional investors have also recently modified their holdings of TJX. Bogart Wealth LLC purchased a new position in shares of TJX Companies during the 4th quarter worth $25,000. Trivant Custom Portfolio Group LLC purchased a new stake in shares of TJX Companies during the fourth quarter worth approximately $26,000. Truvestments Capital LLC acquired a new stake in TJX Companies during the 3rd quarter worth $29,000. Legacy Investment Solutions LLC acquired a new stake in TJX Companies during the 3rd quarter worth $30,000. Finally, SOA Wealth Advisors LLC. acquired a new position in TJX Companies in the 4th quarter valued at $30,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on TJX. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Thursday. BMO Capital Markets raised their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Wells Fargo & Company raised their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Barclays increased their price objective on shares of TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Finally, Morgan Stanley increased their price target on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and an average price target of $135.06.

Insider Buying and Selling

In other news, Director Alan M. Bennett sold 8,000 shares of the business’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 transaction of $988,240.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Ernie Herrman sold 23,428 shares of the company’s 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 completion of the sale, the chief executive officer now owns 484,189 shares of the company’s stock, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

TJX Companies Price Performance

Shares of NYSE TJX opened at $118.06 on Friday. The firm has a 50-day moving average of $121.61 and a two-hundred day moving average of $120.20. The company has a market capitalization of $132.72 billion, a price-to-earnings ratio of 27.78, a PEG ratio of 2.75 and a beta of 0.96. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00.

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, topping the consensus estimate of $1.16 by $0.07. The firm 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, analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies 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.