First Republic Investment Management Inc. Grows Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

First Republic Investment Management Inc. lifted its position in The TJX Companies, Inc. (NYSE:TJXGet Rating) by 6.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,578,970 shares of the apparel and home fashions retailer’s stock after buying an additional 90,967 shares during the period. First Republic Investment Management Inc. owned approximately 0.13% of TJX Companies worth $95,654,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in TJX Companies by 0.3% in the first quarter. Vanguard Group Inc. now owns 90,135,403 shares of the apparel and home fashions retailer’s stock valued at $5,460,403,000 after buying an additional 277,362 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of TJX Companies by 1.5% during the first quarter. Wellington Management Group LLP now owns 84,916,301 shares of the apparel and home fashions retailer’s stock valued at $5,144,230,000 after buying an additional 1,274,413 shares during the last quarter. State Street Corp increased its position in shares of TJX Companies by 4.4% in the 4th quarter. State Street Corp now owns 49,000,588 shares of the apparel and home fashions retailer’s stock valued at $3,720,125,000 after acquiring an additional 2,057,821 shares during the period. Geode Capital Management LLC raised its stake in TJX Companies by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 19,071,010 shares of the apparel and home fashions retailer’s stock worth $1,443,489,000 after acquiring an additional 404,042 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its position in TJX Companies by 10.0% during the 4th quarter. Nuveen Asset Management LLC now owns 16,132,376 shares of the apparel and home fashions retailer’s stock worth $1,224,770,000 after acquiring an additional 1,468,842 shares during the period. Institutional investors own 90.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Loop Capital raised their price objective on TJX Companies from $60.00 to $65.00 in a research note on Friday, August 19th. TheStreet upgraded shares of TJX Companies from a “c+” rating to a “b” rating in a research report on Thursday, August 18th. Gordon Haskett downgraded TJX Companies from a “buy” rating to a “hold” rating and cut their price target for the stock from $67.00 to $60.00 in a research report on Thursday, July 28th. The Goldman Sachs Group assumed coverage on TJX Companies in a report on Tuesday, August 2nd. They issued a “neutral” rating and a $70.00 price objective for the company. Finally, Morgan Stanley raised their target price on TJX Companies from $75.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, August 18th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $74.72.

TJX Companies Stock Performance

TJX opened at $66.98 on Tuesday. The firm has a market capitalization of $77.77 billion, a PE ratio of 23.92, a PEG ratio of 2.04 and a beta of 0.90. The company has a current ratio of 1.17, a quick ratio of 0.47 and a debt-to-equity ratio of 0.53. The TJX Companies, Inc. has a twelve month low of $53.69 and a twelve month high of $77.35. The firm’s 50-day moving average price is $62.72 and its 200 day moving average price is $61.60.

TJX Companies (NYSE:TJXGet Rating) last issued its earnings results on Wednesday, August 17th. The apparel and home fashions retailer reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.02. TJX Companies had a return on equity of 61.19% and a net margin of 6.77%. The business had revenue of $11.84 billion for the quarter, compared to analysts’ expectations of $12.05 billion. During the same period in the previous year, the firm posted $0.79 EPS. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 3.11 EPS for the current fiscal year.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 50,282 shares of TJX Companies stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $65.90, for a total transaction of $3,313,583.80. Following the transaction, the chief executive officer now directly owns 696,439 shares of the company’s stock, valued at $45,895,330.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other TJX Companies news, EVP Louise Greenlees sold 8,822 shares of the company’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $68.00, for a total value of $599,896.00. Following the transaction, the executive vice president now owns 58,335 shares of the company’s stock, valued at $3,966,780. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ernie Herrman sold 50,282 shares of the business’s stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $65.90, for a total transaction of $3,313,583.80. Following the completion of the sale, the chief executive officer now directly owns 696,439 shares in the company, valued at $45,895,330.10. The disclosure for this sale can be found here. Insiders have sold a total of 146,375 shares of company stock worth $9,821,034 in the last quarter. Company insiders own 0.19% of the company’s stock.

About TJX Companies

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The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; and other merchandise.

See Also

Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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