The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Gardner Lewis Asset Management L P

Gardner Lewis Asset Management L P cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 54,322 shares of the apparel and home fashions retailer’s stock after selling 2,835 shares during the quarter. TJX Companies accounts for about 1.6% of Gardner Lewis Asset Management L P’s portfolio, making the stock its 22nd largest holding. Gardner Lewis Asset Management L P’s holdings in TJX Companies were worth $6,563,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Congress Asset Management Co. lifted its holdings in TJX Companies by 1.1% in the fourth quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer’s stock valued at $148,456,000 after acquiring an additional 13,036 shares during the period. Atlas Legacy Advisors LLC purchased a new position in shares of TJX Companies during the 4th quarter valued at approximately $433,000. BLB&B Advisors LLC lifted its stake in shares of TJX Companies by 2.8% in the 4th quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer’s stock valued at $9,795,000 after purchasing an additional 2,201 shares during the period. Empowered Funds LLC boosted its holdings in TJX Companies by 12.1% during the fourth quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer’s stock worth $4,130,000 after buying an additional 3,691 shares in the last quarter. Finally, Boyd Watterson Asset Management LLC OH acquired a new stake in TJX Companies during the fourth quarter valued at $604,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

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 on Thursday, February 27th. The stock was 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 Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction on 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 completion of the sale, the chief executive officer now owns 484,189 shares in the company, valued at $59,569,772.67. This represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Guggenheim upped their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Morgan Stanley upped their price target on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Robert W. Baird raised 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. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Jefferies Financial Group lifted their price target on shares of TJX Companies from $140.00 to $145.00 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 assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.06.

TJX Companies Trading Up 0.7 %

TJX opened at $120.55 on Friday. The firm has a market capitalization of $135.51 billion, a price-to-earnings ratio of 28.36, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The company’s 50 day simple moving average is $121.69 and its two-hundred day simple moving average is $120.19. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. The firm had revenue of $16.35 billion for 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%. Analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

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.