Alliancebernstein L.P. Sells 401,783 Shares of The TJX Companies, Inc. (NYSE:TJX)

Alliancebernstein L.P. reduced its holdings in The TJX Companies, Inc. (NYSE:TJX) by 8.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,340,223 shares of the apparel and home fashions retailer’s stock after selling 401,783 shares during the quarter. Alliancebernstein L.P.’s holdings in TJX Companies were worth $524,342,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Bogart Wealth LLC bought a new stake in TJX Companies in the fourth quarter valued at $25,000. Trivant Custom Portfolio Group LLC purchased a new position in shares of TJX Companies during the fourth quarter valued at about $26,000. Legacy Investment Solutions LLC bought a new position in TJX Companies in the third quarter worth about $30,000. SOA Wealth Advisors LLC. bought a new position in TJX Companies in the fourth quarter worth about $30,000. Finally, Millstone Evans Group LLC purchased a new stake in TJX Companies in the fourth quarter worth about $30,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Down 2.1 %

TJX stock opened at $118.06 on Monday. The stock has a market capitalization of $132.72 billion, a P/E ratio of 27.78, a P/E/G ratio of 2.75 and a beta of 0.96. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The business has a fifty day moving average price of $121.61 and a 200-day moving average price of $120.24.

TJX Companies (NYSE:TJX) last issued its earnings results 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 business had revenue of $16.35 billion during 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 forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TJX has been the topic of a number of research analyst reports. Wells Fargo & Company upped their target price on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Guggenheim raised their price objective on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Barclays upped their target price on shares of TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Morgan Stanley lifted their price target 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. Finally, StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $135.06.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 23,428 shares of the 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 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 filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction on Thursday, February 27th. The stock was 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 owned by 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.