Cibc World Markets Corp Has $21.50 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Cibc World Markets Corp raised its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 16.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 177,951 shares of the apparel and home fashions retailer’s stock after buying an additional 24,561 shares during the quarter. Cibc World Markets Corp’s holdings in TJX Companies were worth $21,498,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Twin Tree Management LP boosted its stake in TJX Companies by 226.6% in the 4th quarter. Twin Tree Management LP now owns 189,501 shares of the apparel and home fashions retailer’s stock worth $22,894,000 after purchasing an additional 339,203 shares during the period. Signature Wealth Management Group boosted its position in shares of TJX Companies by 4.4% in the fourth quarter. Signature Wealth Management Group now owns 12,480 shares of the apparel and home fashions retailer’s stock worth $1,508,000 after buying an additional 528 shares during the period. SlateStone Wealth LLC grew its holdings in shares of TJX Companies by 1.7% during the fourth quarter. SlateStone Wealth LLC now owns 52,512 shares of the apparel and home fashions retailer’s stock valued at $6,344,000 after buying an additional 879 shares in the last quarter. First National Advisers LLC grew its holdings in shares of TJX Companies by 5.0% during the fourth quarter. First National Advisers LLC now owns 31,615 shares of the apparel and home fashions retailer’s stock valued at $3,820,000 after buying an additional 1,514 shares in the last quarter. Finally, Patten & Patten Inc. TN raised its position in TJX Companies by 0.7% during the fourth quarter. Patten & Patten Inc. TN now owns 156,901 shares of the apparel and home fashions retailer’s stock valued at $18,955,000 after buying an additional 1,105 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the company’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 completion of the transaction, the chief executive officer now owns 484,189 shares of the company’s stock, valued at $59,569,772.67. This represents a 4.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction that occurred on Thursday, February 27th. The stock was 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 corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TJX shares. BMO Capital Markets lifted their target price on TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Jefferies Financial Group upped their price objective on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Guggenheim upped their price target on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Barclays lifted 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. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and a consensus target price of $135.06.

TJX Companies Stock Up 1.1 %

Shares of TJX stock opened at $114.52 on Tuesday. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month 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 firm has a market cap of $128.73 billion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The stock has a 50 day moving average of $122.05 and a 200-day moving average of $120.18.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating the consensus estimate of $1.16 by $0.07. The firm had revenue of $16.35 billion during the quarter, compared to analysts’ expectations of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. On average, equities analysts predict that The TJX Companies, Inc. will post 4.18 EPS 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.