Xponance Inc. Increases Position in The TJX Companies, Inc. (NYSE:TJX)

Xponance Inc. boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 228,587 shares of the apparel and home fashions retailer’s stock after acquiring an additional 5,593 shares during the period. Xponance Inc.’s holdings in TJX Companies were worth $27,616,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Generali Asset Management SPA SGR purchased a new stake in TJX Companies during the 4th quarter valued at about $9,128,000. Mirova US LLC purchased a new stake in shares of TJX Companies in the 4th quarter valued at approximately $119,009,000. Horizon Investments LLC grew its stake in shares of TJX Companies by 2.7% in the 4th quarter. Horizon Investments LLC now owns 22,071 shares of the apparel and home fashions retailer’s stock valued at $2,666,000 after buying an additional 576 shares during the period. Advisors Asset Management Inc. grew its stake in shares of TJX Companies by 3.2% in the 4th quarter. Advisors Asset Management Inc. now owns 122,314 shares of the apparel and home fashions retailer’s stock valued at $14,777,000 after buying an additional 3,765 shares during the period. Finally, Flagship Wealth Advisors LLC purchased a new stake in shares of TJX Companies in the 4th quarter valued at approximately $491,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction on 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 completion of the transaction, the chief executive officer now directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

TJX Companies Stock Up 1.1 %

Shares of NYSE:TJX opened at $114.52 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. 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 50-day simple moving average is $122.05 and its 200-day simple moving average is $120.18. The company has a market cap of $128.73 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 2.75 and a beta of 0.96.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. As a group, equities research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Wall Street Analyst Weigh In

TJX has been the subject of several analyst reports. Telsey Advisory Group reissued an “outperform” rating and issued a $145.00 price target on shares of TJX Companies in a research note on Thursday, February 27th. Barclays upped their price objective on shares of TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Wells Fargo & Company upped 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. StockNews.com lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Finally, Guggenheim increased their target price 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. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.