Lbp Am Sa Invests $1.40 Million in The TJX Companies, Inc. (NYSE:TJX)

Lbp Am Sa purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 11,563 shares of the apparel and home fashions retailer’s stock, valued at approximately $1,397,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Madison Investment Advisors LLC bought a new position in shares of TJX Companies during the 4th quarter worth $61,908,000. Impact Capital Partners LLC bought a new stake in TJX Companies during the fourth quarter valued at about $1,381,000. DecisionMap Wealth Management LLC bought a new stake in TJX Companies during the fourth quarter valued at about $227,000. PGGM Investments boosted its position in TJX Companies by 13.1% during the fourth quarter. PGGM Investments now owns 185,997 shares of the apparel and home fashions retailer’s stock valued at $22,470,000 after purchasing an additional 21,506 shares in the last quarter. Finally, Balboa Wealth Partners boosted its position in TJX Companies by 18.8% during the fourth quarter. Balboa Wealth Partners now owns 3,306 shares of the apparel and home fashions retailer’s stock valued at $399,000 after purchasing an additional 522 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Up 0.4 %

Shares of TJX stock opened at $113.27 on Friday. The stock has a 50 day moving average of $122.18 and a 200 day moving average of $120.20. 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 stock has a market cap of $127.34 billion, a P/E ratio of 26.65, a P/E/G ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00.

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 the consensus estimate of $1.16 by $0.07. The company had revenue of $16.35 billion during the quarter, compared to analysts’ expectations of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Insider Activity at TJX Companies

In other TJX Companies news, 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 value of $2,882,346.84. Following the sale, the chief executive officer now directly owns 484,189 shares of the company’s stock, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Analysts Set New Price Targets

TJX has been the topic of a number of recent research reports. Robert W. Baird raised 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. StockNews.com downgraded TJX Companies from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. Barclays raised their price objective on TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. Guggenheim increased their price target on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Morgan Stanley increased their price target on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and fifteen have issued 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 target price of $135.06.

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.