Sei Investments Co. Lowers Position in The TJX Companies, Inc. (NYSE:TJX)

Sei Investments Co. lessened its stake in The TJX Companies, Inc. (NYSE:TJX) by 16.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 599,196 shares of the apparel and home fashions retailer’s stock after selling 122,251 shares during the quarter. Sei Investments Co.’s holdings in TJX Companies were worth $72,388,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Bogart Wealth LLC purchased a new stake in shares of TJX Companies during the fourth quarter valued at $25,000. Trivant Custom Portfolio Group LLC purchased a new stake in TJX Companies in the fourth quarter worth about $26,000. Truvestments Capital LLC purchased a new stake in TJX Companies in the third quarter worth about $29,000. Legacy Investment Solutions LLC purchased a new stake in TJX Companies in the third quarter worth about $30,000. Finally, SOA Wealth Advisors LLC. purchased a new stake in TJX Companies in the fourth quarter worth about $30,000. Institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on TJX shares. BMO Capital Markets upped their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Robert W. Baird upped their price objective on shares of TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Guggenheim increased their price target on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Barclays increased their price target on shares of TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. Finally, UBS Group increased their price target on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $135.06.

Insider Buying and Selling

In other news, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 484,189 shares in the company, valued at $59,569,772.67. The trade was a 4.62 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

TJX Companies Stock Performance

TJX opened at $116.09 on Friday. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. 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 company has a market cap of $130.51 billion, a P/E ratio of 27.32, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The firm’s 50-day moving average price is $121.69 and its 200-day moving average price is $120.13.

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 for the quarter, topping 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 company had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal 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.