William Blair Investment Management LLC Cuts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

William Blair Investment Management LLC decreased its holdings in The TJX Companies, Inc. (NYSE:TJX) by 0.8% in the 4th quarter, HoldingsChannel reports. The fund owned 14,267 shares of the apparel and home fashions retailer’s stock after selling 120 shares during the quarter. William Blair Investment Management LLC’s holdings in TJX Companies were worth $1,724,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Howard Capital Management Group LLC boosted its position in shares of TJX Companies by 42.9% in the third quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock worth $27,208,000 after acquiring an additional 69,489 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of TJX Companies by 2.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 114,416 shares of the apparel and home fashions retailer’s stock worth $13,448,000 after acquiring an additional 3,258 shares in the last quarter. OneAscent Financial Services LLC acquired a new stake in shares of TJX Companies during the third quarter worth $312,000. BIP Wealth LLC bought a new position in TJX Companies in the third quarter worth about $215,000. Finally, Avior Wealth Management LLC increased its position in TJX Companies by 172.1% in the third quarter. Avior Wealth Management LLC now owns 14,247 shares of the apparel and home fashions retailer’s stock worth $1,675,000 after buying an additional 9,011 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on TJX shares. Jefferies Financial Group boosted their price target on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Evercore ISI lifted their price target on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Barclays raised their price objective on TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. StockNews.com cut TJX Companies from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $145.00 price target on shares of TJX Companies in a research note on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $135.06.

TJX Companies Stock Up 2.4 %

Shares of TJX stock opened at $117.98 on Thursday. 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 fifty day moving average of $121.88 and a 200-day moving average of $120.15. The company has a market capitalization of $132.63 billion, a price-to-earnings ratio of 27.76, a P/E/G ratio of 2.75 and a beta of 0.96.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 61.82% and a net margin of 8.63%. As a group, equities research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Insider Activity at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of TJX Companies 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction 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 approximately $59,569,772.67. This represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is 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.