The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 7.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,836,179 shares of the apparel and home fashions retailer’s stock after selling 2,871,443 shares during the period. TJX Companies accounts for approximately 0.8% of Wellington Management Group LLP’s investment portfolio, making the stock its 18th largest holding. Wellington Management Group LLP’s holdings in TJX Companies were worth $4,208,559,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in TJX. Howard Capital Management Group LLC grew its position in TJX Companies by 42.9% in the 3rd 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 purchasing an additional 69,489 shares during the last quarter. Quantbot Technologies LP bought a new position in TJX Companies in the 3rd quarter worth approximately $922,000. Edgestream Partners L.P. acquired a new stake in TJX Companies in the 3rd quarter valued at approximately $2,047,000. Tradition Wealth Management LLC raised its stake in TJX Companies by 2.6% during the 3rd quarter. Tradition Wealth Management LLC now owns 3,755 shares of the apparel and home fashions retailer’s stock valued at $441,000 after acquiring an additional 95 shares in the last quarter. Finally, Cobblestone Capital Advisors LLC NY boosted its position in TJX Companies by 0.5% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 126,407 shares of the apparel and home fashions retailer’s stock worth $14,858,000 after acquiring an additional 658 shares during the period. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Price Performance

NYSE TJX opened at $118.06 on Monday. 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 TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The company has a market cap of $132.72 billion, a PE ratio of 27.78, a PEG ratio of 2.75 and a beta of 0.96. The stock’s 50-day moving average price is $121.61 and its two-hundred day moving average price is $120.24.

TJX Companies (NYSE:TJX) last issued its quarterly 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. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. On average, analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Insider Transactions at TJX Companies

In other TJX Companies 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total value of $2,882,346.84. Following the transaction, the chief executive officer now directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on TJX. UBS Group raised their price target on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday, January 10th. Wells Fargo & Company boosted their price target on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Robert W. Baird upped their price target on shares of TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Morgan Stanley raised their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Finally, Jefferies Financial Group increased their price target on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $135.06.

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.