Vinva Investment Management Ltd Boosts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Vinva Investment Management Ltd increased its holdings in The TJX Companies, Inc. (NYSE:TJX) by 10.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,553 shares of the apparel and home fashions retailer’s stock after purchasing an additional 5,280 shares during the period. Vinva Investment Management Ltd’s holdings in TJX Companies were worth $6,969,000 as of its most recent SEC filing.

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

TJX Companies Price Performance

TJX opened at $115.25 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $129.56 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. The business’s fifty day simple moving average is $121.96 and its 200-day simple moving average is $120.17.

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 analysts’ consensus estimates of $1.16 by $0.07. The firm had revenue of $16.35 billion during the quarter, compared to analysts’ expectations of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. On average, equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TJX. Jefferies Financial Group upped their price objective on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. StockNews.com downgraded TJX Companies from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. Barclays boosted their target price on TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. Morgan Stanley boosted their target price on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a research report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $135.06.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction dated Wednesday, March 5th. The stock was 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 directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

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.