Generali Asset Management SPA SGR Takes Position in The TJX Companies, Inc. (NYSE:TJX)

Generali Asset Management SPA SGR purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 75,556 shares of the apparel and home fashions retailer’s stock, valued at approximately $9,128,000.

Other institutional investors have also made changes to their positions in the company. Howard Capital Management Group LLC boosted its holdings in shares of TJX Companies by 42.9% during the 3rd 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 buying an additional 69,489 shares during the period. Empowered Funds LLC raised its holdings in TJX Companies by 23.0% in the 3rd quarter. Empowered Funds LLC now owns 30,495 shares of the apparel and home fashions retailer’s stock worth $3,584,000 after acquiring an additional 5,707 shares during the period. Thrivent Financial for Lutherans raised its holdings in TJX Companies by 2.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 114,416 shares of the apparel and home fashions retailer’s stock worth $13,448,000 after acquiring an additional 3,258 shares during the period. Quest Partners LLC raised its holdings in TJX Companies by 622.3% in the 3rd quarter. Quest Partners LLC now owns 27,202 shares of the apparel and home fashions retailer’s stock worth $3,197,000 after acquiring an additional 23,436 shares during the period. Finally, Braun Stacey Associates Inc. raised its holdings in TJX Companies by 4.1% in the 3rd quarter. Braun Stacey Associates Inc. now owns 225,269 shares of the apparel and home fashions retailer’s stock worth $26,478,000 after acquiring an additional 8,803 shares during the period. 91.09% of the stock is owned by institutional investors.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction on Thursday, February 27th. The stock was 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. 0.13% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently commented on TJX shares. StockNews.com downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a 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 stock an “equal weight” rating in a report on Friday, January 10th. Guggenheim boosted their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Robert W. Baird upped their target price on shares of TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Finally, 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 research note on Thursday, February 27th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $135.06.

TJX Companies Trading Up 1.1 %

TJX opened at $114.52 on Tuesday. 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 company has a market cap of $128.73 billion, a price-to-earnings ratio of 26.94, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The firm has a 50 day simple moving average of $122.05 and a 200 day simple moving average of $120.18. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating the consensus estimate of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current 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.