The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by Vinva Investment Management Ltd

Vinva Investment Management Ltd increased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 10.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,553 shares of the apparel and home fashions retailer’s stock after purchasing an additional 5,280 shares during the quarter. Vinva Investment Management Ltd’s holdings in TJX Companies were worth $6,969,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of Marin purchased a new position in TJX Companies during the fourth quarter valued at approximately $241,000. Fox Hill Wealth Management raised its position in TJX Companies by 2.3% during the fourth quarter. Fox Hill Wealth Management now owns 23,346 shares of the apparel and home fashions retailer’s stock valued at $2,820,000 after acquiring an additional 526 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its position in TJX Companies by 56.4% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 137,333 shares of the apparel and home fashions retailer’s stock valued at $16,587,000 after acquiring an additional 49,548 shares in the last quarter. Xponance Inc. raised its position in TJX Companies by 2.5% during the fourth quarter. Xponance Inc. now owns 228,587 shares of the apparel and home fashions retailer’s stock valued at $27,616,000 after acquiring an additional 5,593 shares in the last quarter. Finally, Generali Asset Management SPA SGR purchased a new position in TJX Companies during the fourth quarter valued at approximately $9,128,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Performance

NYSE TJX opened at $115.25 on Wednesday. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The stock’s fifty day moving average is $121.96 and its two-hundred day moving average is $120.17. The firm has a market capitalization of $129.56 billion, a P/E ratio of 27.12, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX) last announced its quarterly 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 return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. On average, research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Analysts Set New Price Targets

TJX has been the subject of a number of recent analyst reports. Robert W. Baird boosted their price objective on TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft lifted their price target on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Morgan Stanley lifted their price target on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. BMO Capital Markets lifted their price target on TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Finally, UBS Group lifted their price target on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $135.06.

Insider Activity

In related news, CEO Ernie Herrman sold 23,428 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the sale, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were 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. Corporate insiders own 0.13% of the company’s stock.

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.