The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Tredje AP fonden

Tredje AP fonden cut its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 453,597 shares of the apparel and home fashions retailer’s stock after selling 20,552 shares during the period. Tredje AP fonden’s holdings in TJX Companies were worth $54,799,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in TJX. Howard Capital Management Group LLC raised its position in TJX Companies by 42.9% during the third quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock worth $27,208,000 after acquiring an additional 69,489 shares during the period. Ashton Thomas Private Wealth LLC grew its holdings in shares of TJX Companies by 30.5% during the third quarter. Ashton Thomas Private Wealth LLC now owns 10,081 shares of the apparel and home fashions retailer’s stock worth $1,185,000 after buying an additional 2,355 shares in the last quarter. Savvy Advisors Inc. purchased a new stake in shares of TJX Companies during the third quarter worth $339,000. Prime Capital Investment Advisors LLC grew its holdings in shares of TJX Companies by 1.3% during the third quarter. Prime Capital Investment Advisors LLC now owns 52,551 shares of the apparel and home fashions retailer’s stock worth $6,177,000 after buying an additional 662 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of TJX Companies by 26.9% during the third quarter. Victory Capital Management Inc. now owns 892,459 shares of the apparel and home fashions retailer’s stock worth $104,900,000 after buying an additional 189,455 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TJX. TD Cowen upped their target price on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. UBS Group upped their target price on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Morgan Stanley upped their target price on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Evercore ISI upped their target price on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Finally, Guggenheim upped their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $135.06.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 484,189 shares of the company’s stock, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the firm’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 disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Trading Down 0.7 %

NYSE TJX opened at $115.34 on Thursday. The stock has a market capitalization of $129.66 billion, a P/E ratio of 27.14, a PEG ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 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. The firm’s 50-day moving average is $122.50 and its two-hundred day moving average is $120.30.

TJX Companies (NYSE:TJX) last issued 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 business had revenue of $16.35 billion for the quarter, compared to analysts’ expectations of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

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.