Tredje AP fonden Reduces Stake in The TJX Companies, Inc.

Tredje AP fonden has decreased its investment in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.3% during the fourth quarter, as noted in their latest filing with the Securities and Exchange Commission. Following the sale of 20,552 shares during this period, the fund now holds 453,597 shares of this apparel and home fashions retailer. The value of Tredje AP fonden's stake in TJX Companies stands at approximately $54,799,000 according to their latest SEC submission.

Other institutional investors and hedge funds have also adjusted their shares in the company recently. For instance, Congress Asset Management Co. increased its position by 1.1% during the fourth quarter, resulting in ownership of 1,228,840 shares worth $148,456,000, after acquiring an additional 13,036 shares. Meanwhile, Atlas Legacy Advisors LLC entered into a new ownership stake worth about $433,000 in the same quarter. Additionally, BLB&B Advisors LLC raised its position by 2.8%, now holding 81,079 shares valued at $9,795,000 after purchasing 2,201 shares. Empowered Funds LLC expanded its stake by 12.1%, giving them 34,186 shares worth $4,130,000 as a result of acquiring 3,691 shares. Lastly, Boyd Watterson Asset Management LLC OH also bought a new position amounting to roughly $604,000. Overall, institutional investors now control about 91.09% of the company's stock.

Performance of TJX Companies Stock

The stock of NYSE TJX opened at $115.34 on Thursday. It 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 experienced a 12-month low of $92.35 and a high of $128.00. The stock is currently tracking a 50-day simple moving average of $122.50 and a 200-day simple moving average of $120.30. The overall market cap of the company is approximately $129.66 billion, with a price-to-earnings (P/E) ratio of 27.14 and a PEG ratio of 2.75, while the beta factor stands at 0.96.

TJX Companies (NYSE:TJX - Get Free Report) reported its earnings on Wednesday, February 26th. The brand announced earnings per share (EPS) of $1.23, surpassing the consensus estimate of $1.16 by $0.07. The company achieved a net margin of 8.63% and a return on equity of 61.82%. The revenue recorded for the quarter was $16.35 billion, which was above the analysts' expectations of $16.24 billion. Analysts forecast that The TJX Companies, Inc. will report EPS of 4.18 for the ongoing year.

Analysts' Recommendations on TJX Companies

A variety of research analysts have recently commented on TJX shares. Guggenheim increased their price target from $135.00 to $140.00 and rated the stock as "buy" on December 5th. Similarly, Morgan Stanley raised their target price from $130.00 to $135.00 while assigning an "overweight" rating on January 21st. Deutsche Bank also raised its price target from $130.00 to $131.00, giving a "buy" rating in a report on November 21st. Evercore ISI boosted their target from $138.00 to $142.00 and assigned an "outperform" rating on the same day. Jefferies Financial Group raised their target price from $140.00 to $145.00 while maintaining a "buy" rating on December 5th. Three analysts issued a hold rating, while fifteen analysts gave a buy rating, leading to an average rating of "Moderate Buy" with an average target price of $135.06 based on MarketBeat data.

Insider Transactions at TJX Companies

In related news, Director Alan M. Bennett sold 8,000 shares of the company on February 27th at an average price of $123.53, resulting in a total value of $988,240.00. This transaction has been disclosed in a filing with the Securities and Exchange Commission. Additionally, CEO Ernie Herrman sold 23,428 shares on March 5th at an average price of $123.03, leading to a total transaction value of approximately $2,882,346.84. Post-transaction, the CEO holds 484,189 shares valued around $59,569,772.67, indicating a 4.62% decrease in ownership. Insiders collectively own about 0.13% of the company's stock.

Overview of TJX Companies

The TJX Companies, Inc. operates as an off-price retailer for apparel and home fashions across the United States, Canada, Europe, and Australia. The organization operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. Their offerings include family apparel, accessories, home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, cookware, and even pet supplies and gourmet foods.

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