Sei Investments Co. Sells 122,251 Shares of The TJX Companies, Inc. (NYSE:TJX)

Sei Investments Co. cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 16.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 599,196 shares of the apparel and home fashions retailer’s stock after selling 122,251 shares during the quarter. Sei Investments Co. owned about 0.05% of TJX Companies worth $72,388,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Bogart Wealth LLC purchased a new stake in shares of TJX Companies in the 4th quarter worth about $25,000. Trivant Custom Portfolio Group LLC purchased a new stake in shares of TJX Companies in the 4th quarter worth about $26,000. Truvestments Capital LLC purchased a new stake in shares of TJX Companies in the 3rd quarter worth about $29,000. Legacy Investment Solutions LLC purchased a new stake in shares of TJX Companies in the 3rd quarter worth about $30,000. Finally, SOA Wealth Advisors LLC. purchased a new stake in shares of TJX Companies in the 4th quarter worth about $30,000. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $116.09 on Friday. The firm’s 50 day moving average price is $121.69 and its 200-day moving average price is $120.13. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month 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 stock has a market capitalization of $130.51 billion, a PE ratio of 27.32, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping 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 firm had revenue of $16.35 billion for the quarter, compared to analysts’ expectations of $16.24 billion. Equities research analysts expect 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 TJX Companies stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction that occurred on Wednesday, March 5th. The shares were 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 directly 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. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on TJX. Robert W. Baird upped their target price on shares of TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Morgan Stanley increased their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. BMO Capital Markets increased their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Telsey Advisory Group reissued an “outperform” rating and set a $145.00 price objective on shares of TJX Companies in a research report on Thursday, February 27th. Finally, Guggenheim increased their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $135.06.

TJX Companies 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.