Allianz SE Buys Shares of 2,760 The TJX Companies, Inc. (NYSE:TJX)

Allianz SE purchased a new position in The TJX Companies, Inc. (NYSE:TJX) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,760 shares of the apparel and home fashions retailer’s stock, valued at approximately $334,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Bogart Wealth LLC purchased a new position in shares of TJX Companies in the 4th quarter worth approximately $25,000. Trivant Custom Portfolio Group LLC purchased a new stake in TJX Companies during the 4th quarter worth approximately $26,000. Legacy Investment Solutions LLC acquired a new position in shares of TJX Companies in the third quarter valued at about $30,000. SOA Wealth Advisors LLC. purchased a new position in shares of TJX Companies during the fourth quarter worth $30,000. Finally, Millstone Evans Group LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at about $30,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of the 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 completion of the sale, the chief executive officer now directly 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. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TJX shares. Telsey Advisory Group reissued an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a research note on Thursday, February 27th. Morgan Stanley boosted their target price on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. UBS Group lifted 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. Guggenheim lifted 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. Finally, Jefferies Financial Group boosted their price objective on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $135.06.

TJX Companies Stock Down 2.1 %

Shares of NYSE:TJX opened at $118.06 on Monday. The company has a market capitalization of $132.72 billion, a P/E ratio of 27.78, a P/E/G ratio of 2.75 and a beta of 0.96. The stock’s fifty day simple moving average is $121.61 and its 200-day simple moving average is $120.24. 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.

TJX Companies (NYSE:TJX) last released its quarterly earnings data 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. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. As a group, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal 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.