Allianz SE Makes New Investment in The TJX Companies, Inc. (NYSE:TJX)

Allianz SE bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 2,760 shares of the apparel and home fashions retailer’s stock, valued at approximately $334,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. 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 worth $27,208,000 after acquiring an additional 69,489 shares during the period. Quantbot Technologies LP purchased a new stake in shares of TJX Companies in the third quarter worth about $922,000. Edgestream Partners L.P. bought a new position in shares of TJX Companies in the third quarter valued at approximately $2,047,000. Tradition Wealth Management LLC boosted its position in shares of TJX Companies by 2.6% in the third quarter. Tradition Wealth Management LLC now owns 3,755 shares of the apparel and home fashions retailer’s stock valued at $441,000 after acquiring an additional 95 shares during the period. Finally, Cobblestone Capital Advisors LLC NY grew its stake in TJX Companies by 0.5% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 126,407 shares of the apparel and home fashions retailer’s stock valued at $14,858,000 after acquiring an additional 658 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on TJX shares. UBS Group raised their price target on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday, January 10th. Morgan Stanley boosted their target price on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Wells Fargo & Company lifted their price target on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Guggenheim raised their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, TJX Companies currently has an average 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 stock was sold at an average price of $123.53, for a total value of $988,240.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction on 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 sale, the chief executive officer now owns 484,189 shares of the company’s stock, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

TJX Companies Stock Performance

Shares of NYSE TJX opened at $118.06 on Monday. The company has a market cap 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 TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The firm’s fifty day moving average is $121.61 and its two-hundred day moving average is $120.24.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. The company had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. As a group, analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

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.