Edmond DE Rothschild Holding S.A. Acquires 204,745 Shares of The TJX Companies, Inc. (NYSE:TJX)

Edmond DE Rothschild Holding S.A. boosted its stake in The TJX Companies, Inc. (NYSE:TJX) by 10,211.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 206,750 shares of the apparel and home fashions retailer’s stock after acquiring an additional 204,745 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in TJX Companies were worth $24,977,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Meeder Asset Management Inc. increased its position in TJX Companies by 34.2% in the fourth quarter. Meeder Asset Management Inc. now owns 185,179 shares of the apparel and home fashions retailer’s stock worth $22,371,000 after buying an additional 47,223 shares during the last quarter. Axiom Investors LLC DE increased its holdings in TJX Companies by 3.2% during the 4th quarter. Axiom Investors LLC DE now owns 42,788 shares of the apparel and home fashions retailer’s stock worth $5,169,000 after acquiring an additional 1,343 shares during the period. O Shaughnessy Asset Management LLC raised its position in shares of TJX Companies by 9.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 198,685 shares of the apparel and home fashions retailer’s stock worth $24,003,000 after buying an additional 17,952 shares in the last quarter. Clearbridge Investments LLC boosted its stake in TJX Companies by 0.7% during the fourth quarter. Clearbridge Investments LLC now owns 5,921,211 shares of the apparel and home fashions retailer’s stock valued at $715,342,000 after buying an additional 41,082 shares during the period. Finally, United Bank grew its position in TJX Companies by 10.1% during the fourth quarter. United Bank now owns 14,260 shares of the apparel and home fashions retailer’s stock worth $1,723,000 after buying an additional 1,311 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Performance

Shares of NYSE:TJX opened at $118.06 on Monday. 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 50-day moving average price of $121.61 and a 200-day moving average price of $120.24. The company has a market cap of $132.72 billion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth 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.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating 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%. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Wall Street Analysts Forecast Growth

TJX has been the topic of several research analyst reports. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Thursday. Telsey Advisory Group reiterated an “outperform” rating and issued a $145.00 price objective on shares of TJX Companies in a report on Thursday, February 27th. Barclays raised their price objective on TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Morgan Stanley upped their target price on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Finally, Robert W. Baird lifted their price target on shares of TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and an average price target of $135.06.

Insider Buying and Selling

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction dated 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 sale, the chief executive officer now directly owns 484,189 shares in the company, valued at $59,569,772.67. The trade was a 4.62 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently 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.