The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Korea Investment CORP

Korea Investment CORP lessened its stake in The TJX Companies, Inc. (NYSE:TJX) by 11.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,047,985 shares of the apparel and home fashions retailer’s stock after selling 138,835 shares during the period. Korea Investment CORP’s holdings in TJX Companies were worth $126,607,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of TJX. Bogart Wealth LLC acquired a new stake in TJX Companies during the fourth quarter valued at approximately $25,000. Trivant Custom Portfolio Group LLC bought a new stake in shares of TJX Companies in the 4th quarter valued at approximately $26,000. Truvestments Capital LLC acquired a new stake in shares of TJX Companies during the 3rd quarter valued at approximately $29,000. Legacy Investment Solutions LLC bought a new position in TJX Companies during the third quarter worth $30,000. Finally, SOA Wealth Advisors LLC. acquired a new position in TJX Companies in the fourth quarter worth $30,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE TJX opened at $119.66 on Thursday. The stock has a market cap of $134.51 billion, a P/E ratio of 28.15, a P/E/G ratio of 2.75 and a beta of 0.96. The firm’s 50-day simple moving average is $121.71 and its 200 day simple moving average is $120.19. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two 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.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. The company had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. Equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on TJX shares. Barclays increased their target price 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 increased their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. StockNews.com downgraded TJX Companies from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Jefferies Financial Group increased their price target on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, 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. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $135.06.

Insiders Place Their Bets

In other 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 of the company’s stock, 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 is accessible through this link. Also, Director Alan M. Bennett sold 8,000 shares of the company’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. 0.13% of the stock is currently owned by insiders.

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.