Achmea Investment Management B.V. Buys 25,087 Shares of The TJX Companies, Inc. (NYSE:TJX)

Achmea Investment Management B.V. raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 11.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 242,199 shares of the apparel and home fashions retailer’s stock after purchasing an additional 25,087 shares during the period. Achmea Investment Management B.V.’s holdings in TJX Companies were worth $26,666,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Qsemble Capital Management LP bought a new stake in TJX Companies during the second quarter valued at about $4,140,000. Linscomb Wealth Inc. grew its holdings in TJX Companies by 2.1% during the second quarter. Linscomb Wealth Inc. now owns 44,181 shares of the apparel and home fashions retailer’s stock valued at $4,864,000 after purchasing an additional 911 shares during the period. Bahl & Gaynor Inc. grew its holdings in TJX Companies by 0.8% during the second quarter. Bahl & Gaynor Inc. now owns 1,271,791 shares of the apparel and home fashions retailer’s stock valued at $140,024,000 after purchasing an additional 9,479 shares during the period. Hazlett Burt & Watson Inc. grew its holdings in TJX Companies by 9.9% during the second quarter. Hazlett Burt & Watson Inc. now owns 4,422 shares of the apparel and home fashions retailer’s stock valued at $489,000 after purchasing an additional 400 shares during the period. Finally, Trifecta Capital Advisors LLC lifted its position in shares of TJX Companies by 5.0% in the second quarter. Trifecta Capital Advisors LLC now owns 44,353 shares of the apparel and home fashions retailer’s stock valued at $4,883,000 after acquiring an additional 2,107 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

NYSE:TJX opened at $117.85 on Thursday. The TJX Companies, Inc. has a 12 month low of $86.71 and a 12 month high of $121.13. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The business’s 50-day moving average is $114.01 and its 200 day moving average is $105.27. The company has a market capitalization of $133.19 billion, a P/E ratio of 29.24, a P/E/G ratio of 2.92 and a beta of 0.89.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.04. The company had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. TJX Companies’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 EPS. On average, equities research analysts forecast that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Evercore ISI boosted their price objective on TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Wells Fargo & Company boosted their price objective on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research report on Thursday, August 22nd. Bank of America boosted their price objective on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Sanford C. Bernstein boosted their price objective on TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Finally, Morgan Stanley boosted their price objective on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $126.76.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.

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.