Robecosam AG grew its position in shares of TJX Companies Inc (NYSE:TJX) by 19.3% during the fourth quarter, Holdings Channel reports. The fund owned 11,031 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,786 shares during the quarter. Robecosam AG’s holdings in TJX Companies were worth $843,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Zions Bancorporation boosted its holdings in shares of TJX Companies by 185.9% in the 3rd quarter. Zions Bancorporation now owns 1,358 shares of the apparel and home fashions retailer’s stock worth $100,000 after buying an additional 883 shares during the last quarter. Icon Wealth Partners LLC purchased a new position in shares of TJX Companies in the 4th quarter worth about $109,000. Truewealth LLC purchased a new position in shares of TJX Companies in the 4th quarter worth about $119,000. Assetmark Inc. boosted its holdings in shares of TJX Companies by 50.3% in the 4th quarter. Assetmark Inc. now owns 1,983 shares of the apparel and home fashions retailer’s stock worth $152,000 after buying an additional 664 shares during the last quarter. Finally, Prentiss Smith & Co. Inc. purchased a new position in shares of TJX Companies in the 4th quarter worth about $172,000. 91.07% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Amy B. Lane sold 1,000 shares of the company’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $82.81, for a total transaction of $82,810.00. Following the sale, the director now directly owns 15,998 shares in the company, valued at $1,324,794.38. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Ernie Herrman sold 10,000 shares of the company’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $84.00, for a total value of $840,000.00. The disclosure for this sale can be found here. Insiders sold a total of 65,020 shares of company stock worth $5,446,635 over the last 90 days. 0.23% of the stock is currently owned by company insiders.
A number of equities analysts recently weighed in on TJX shares. Wells Fargo & Co set a $76.00 price target on shares of TJX Companies and gave the stock a “buy” rating in a report on Tuesday, November 14th. Royal Bank of Canada set a $70.00 price target on shares of TJX Companies and gave the stock an “outperform” rating in a report on Tuesday, November 14th. Citigroup cut their price target on shares of TJX Companies from $88.00 to $81.00 and set a “buy” rating on the stock in a report on Wednesday, November 15th. BMO Capital Markets set a $85.00 price target on shares of TJX Companies and gave the stock a “buy” rating in a report on Wednesday, November 15th. Finally, Goldman Sachs Group set a $79.00 price target on shares of TJX Companies and gave the stock a “buy” rating in a report on Wednesday, November 15th. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $87.30.
Shares of TJX Companies Inc (NYSE:TJX) opened at $82.30 on Wednesday. TJX Companies Inc has a 52 week low of $66.44 and a 52 week high of $84.79. The stock has a market capitalization of $52,145.99, a PE ratio of 20.41, a P/E/G ratio of 1.64 and a beta of 0.68. The company has a quick ratio of 0.84, a current ratio of 1.66 and a debt-to-equity ratio of 0.43.
TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, February 28th. The apparel and home fashions retailer reported $1.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.10. TJX Companies had a return on equity of 55.23% and a net margin of 7.27%. The business had revenue of $10.96 billion for the quarter, compared to analysts’ expectations of $10.75 billion. During the same period in the previous year, the business posted $1.03 EPS. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. equities analysts anticipate that TJX Companies Inc will post 4.86 earnings per share for the current fiscal year.
TJX Companies announced that its Board of Directors has authorized a stock buyback plan on Wednesday, February 28th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the apparel and home fashions retailer to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.
About TJX Companies
The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.
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