Clearbridge Investments LLC Acquires 41,082 Shares of The TJX Companies, Inc. (NYSE:TJX)

Clearbridge Investments LLC boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 0.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,921,211 shares of the apparel and home fashions retailer’s stock after acquiring an additional 41,082 shares during the quarter. Clearbridge Investments LLC’s holdings in TJX Companies were worth $715,342,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in TJX Companies in the fourth quarter valued at approximately $1,670,565,000. Raymond James Financial Inc. acquired a new position in TJX Companies in the fourth quarter valued at about $570,342,000. DJE Kapital AG acquired a new position in shares of TJX Companies in the 4th quarter valued at approximately $140,068,000. Provident Trust Co. raised its stake in shares of TJX Companies by 71.3% in the 4th quarter. Provident Trust Co. now owns 2,723,149 shares of the apparel and home fashions retailer’s stock valued at $328,984,000 after purchasing an additional 1,133,486 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of TJX Companies by 161.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,786,652 shares of the apparel and home fashions retailer’s stock worth $210,003,000 after buying an additional 1,102,912 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on TJX. Telsey Advisory Group reissued an “outperform” rating and set a $145.00 price target on shares of TJX Companies in a research report on Thursday, February 27th. Morgan Stanley upped 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. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research report on Thursday. BMO Capital Markets boosted their price target on TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Finally, Robert W. Baird increased their price objective on TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $135.06.

TJX Companies Price Performance

TJX stock opened at $118.06 on Friday. The company has a 50 day simple moving average of $121.61 and a 200 day simple moving average of $120.22. The stock has a market cap of $132.72 billion, a price-to-earnings ratio of 27.78, a P/E/G ratio of 2.75 and a beta of 0.96. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. The business had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. Research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $2,882,346.84. Following the transaction, the chief executive officer now owns 484,189 shares of the company’s stock, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate 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.