UniSuper Management Pty Ltd Sells 32,822 Shares of The TJX Companies, Inc. (NYSE:TJX)

UniSuper Management Pty Ltd reduced its stake in The TJX Companies, Inc. (NYSE:TJX) by 32.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 69,327 shares of the apparel and home fashions retailer’s stock after selling 32,822 shares during the quarter. UniSuper Management Pty Ltd’s holdings in TJX Companies were worth $8,375,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of TJX. Howard Capital Management Group LLC grew its stake in shares of TJX Companies by 42.9% during the 3rd quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock valued at $27,208,000 after acquiring an additional 69,489 shares during the period. Centaurus Financial Inc. bought a new position in shares of TJX Companies in the third quarter worth approximately $101,000. Truvestments Capital LLC bought a new stake in shares of TJX Companies during the 3rd quarter valued at $29,000. Quantbot Technologies LP bought a new stake in shares of TJX Companies during the 3rd quarter valued at $922,000. Finally, Cadence Bank lifted its stake in shares of TJX Companies by 29.9% during the 3rd quarter. Cadence Bank now owns 7,115 shares of the apparel and home fashions retailer’s stock valued at $836,000 after buying an additional 1,637 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Trading Up 0.7 %

Shares of TJX stock opened at $120.55 on Friday. The company has a market cap of $135.51 billion, a PE ratio of 28.36, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The stock’s 50 day simple moving average is $121.69 and its two-hundred day simple moving average is $120.19. 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 released its quarterly earnings results 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 company 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%. Research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 484,189 shares of the company’s stock, valued at $59,569,772.67. This represents a 4.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the business’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 disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wells Fargo & Company raised their price target on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Morgan Stanley lifted their target price on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Robert W. Baird upped their price target on TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. UBS Group lifted their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Finally, Guggenheim upped their target price 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. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.