Schroder Investment Management Group Increases Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Schroder Investment Management Group grew its holdings in The TJX Companies, Inc. (NYSE:TJX) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,464,403 shares of the apparel and home fashions retailer’s stock after purchasing an additional 115,159 shares during the quarter. Schroder Investment Management Group owned approximately 0.40% of TJX Companies worth $539,345,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TJX. Bogart Wealth LLC purchased a new position in TJX Companies during the fourth quarter worth $25,000. Trivant Custom Portfolio Group LLC acquired a new stake in shares of TJX Companies during the fourth quarter valued at $26,000. Legacy Investment Solutions LLC purchased a new stake in TJX Companies during the 3rd quarter worth about $30,000. SOA Wealth Advisors LLC. acquired a new position in TJX Companies in the 4th quarter valued at about $30,000. Finally, Millstone Evans Group LLC acquired a new position in TJX Companies in the 4th quarter valued at about $30,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies 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 sale, the chief executive officer now directly owns 484,189 shares in the company, valued at $59,569,772.67. This trade represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

TJX Companies stock opened at $118.06 on Friday. The firm has a fifty day moving average of $121.61 and a 200-day moving average of $120.22. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week 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 capitalization of $132.72 billion, a P/E ratio of 27.78, a PEG ratio of 2.75 and a beta of 0.96.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (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 the consensus estimate of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. As a group, analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on TJX. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Thursday. Barclays lifted their target price on shares of TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. UBS Group boosted 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. Morgan Stanley raised their price objective on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Finally, Guggenheim upped their target price on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Two investment 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 company has a consensus rating of “Moderate Buy” and a consensus target price of $135.06.

About TJX Companies

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.