Swiss National Bank Has $384.93 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Swiss National Bank cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,186,200 shares of the apparel and home fashions retailer’s stock after selling 167,300 shares during the quarter. Swiss National Bank’s holdings in TJX Companies were worth $384,925,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. State Street Corp increased its holdings in shares of TJX Companies by 1.0% in the third quarter. State Street Corp now owns 47,556,435 shares of the apparel and home fashions retailer’s stock valued at $5,589,783,000 after purchasing an additional 469,287 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of TJX Companies by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 23,857,584 shares of the apparel and home fashions retailer’s stock worth $2,795,121,000 after buying an additional 363,707 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of TJX Companies by 7.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,182,564 shares of the apparel and home fashions retailer’s stock worth $1,079,319,000 after buying an additional 643,833 shares during the period. Franklin Resources Inc. raised its holdings in TJX Companies by 9.9% in the 3rd quarter. Franklin Resources Inc. now owns 7,271,499 shares of the apparel and home fashions retailer’s stock valued at $837,951,000 after acquiring an additional 657,529 shares during the period. Finally, Nordea Investment Management AB lifted its position in TJX Companies by 13.3% during the fourth quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer’s stock worth $850,428,000 after acquiring an additional 827,103 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

TJX has been the topic of several research reports. Deutsche Bank Aktiengesellschaft upped their target price on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. UBS Group upped their price objective on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday, January 10th. Robert W. Baird lifted their target price on TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Evercore ISI upped their price target on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Finally, Morgan Stanley lifted their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $135.06.

TJX Companies Trading Down 0.7 %

Shares of TJX stock opened at $115.34 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The company has a market cap of $129.66 billion, a PE ratio of 27.14, a P/E/G ratio of 2.75 and a beta of 0.96. The stock’s fifty day moving average price is $122.50 and its two-hundred day moving average price is $120.30.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating the consensus estimate 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%. Equities analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

Insider Activity at TJX Companies

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

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.