Vanguard Group Inc. Acquires 578,948 Shares of The TJX Companies, Inc. (NYSE:TJX)

Vanguard Group Inc. raised its holdings in The TJX Companies, Inc. (NYSE:TJX) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 99,314,635 shares of the apparel and home fashions retailer’s stock after buying an additional 578,948 shares during the quarter. Vanguard Group Inc. owned 0.09% of TJX Companies worth $11,998,201,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bogart Wealth LLC bought a new stake in TJX Companies in the 4th quarter valued at $25,000. Trivant Custom Portfolio Group LLC bought a new stake in TJX Companies in the 4th quarter valued at $26,000. Truvestments Capital LLC bought a new stake in shares of TJX Companies in the 3rd quarter worth about $29,000. Legacy Investment Solutions LLC bought a new stake in shares of TJX Companies in the 3rd quarter worth about $30,000. Finally, SOA Wealth Advisors LLC. bought a new stake in shares of TJX Companies in the 4th quarter worth about $30,000. Institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group upped their target price on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Wells Fargo & Company upped their target price 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. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $145.00 target price on shares of TJX Companies in a report on Thursday, February 27th. Barclays upped 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. Finally, Robert W. Baird increased their price objective on shares of TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $135.06.

Insider Activity at TJX Companies

In related news, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the completion of the sale, the chief executive officer now owns 484,189 shares in the company, valued at $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Stock Performance

TJX Companies stock opened at $116.09 on Friday. The company 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 a 1 year low of $92.35 and a 1 year high of $128.00. The company has a market cap of $130.51 billion, a PE ratio of 27.32, a PEG ratio of 2.75 and a beta of 0.96. The company’s 50-day moving average is $121.69 and its two-hundred day moving average is $120.13.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. The business 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 anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Company 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.