The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Nicollet Investment Management Inc.

Nicollet Investment Management Inc. decreased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,886 shares of the apparel and home fashions retailer’s stock after selling 757 shares during the quarter. TJX Companies comprises about 1.5% of Nicollet Investment Management Inc.’s portfolio, making the stock its 23rd biggest holding. Nicollet Investment Management Inc.’s holdings in TJX Companies were worth $4,335,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Congress Asset Management Co. grew its stake in TJX Companies by 1.1% during the 4th quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer’s stock worth $148,456,000 after purchasing an additional 13,036 shares in the last quarter. Atlas Legacy Advisors LLC purchased a new stake in TJX Companies in the fourth quarter valued at approximately $433,000. BLB&B Advisors LLC grew its position in TJX Companies by 2.8% during the 4th quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer’s stock worth $9,795,000 after purchasing an additional 2,201 shares during the last quarter. Empowered Funds LLC increased its position in TJX Companies by 12.1% in the 4th quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer’s stock valued at $4,130,000 after acquiring an additional 3,691 shares during the period. Finally, Boyd Watterson Asset Management LLC OH purchased a new position in TJX Companies in the 4th quarter valued at $604,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

Shares of NYSE TJX opened at $121.90 on Tuesday. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. 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 business has a fifty day simple moving average of $121.61 and a 200 day simple moving average of $120.26. The firm has a market capitalization of $137.03 billion, a price-to-earnings ratio of 28.68, a PEG ratio of 2.75 and a beta of 0.96.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. The business had revenue of $16.35 billion for the quarter, compared to analysts’ expectations of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. Sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Analysts Set New Price Targets

TJX has been the topic of several recent analyst reports. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Thursday, March 27th. BMO Capital Markets lifted their target price on TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Telsey Advisory Group reissued an “outperform” rating and issued a $145.00 target price on shares of TJX Companies in a research note on Thursday, February 27th. UBS Group upped their price target on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, Barclays raised their price objective on TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and an average target price of $135.06.

Insiders Place Their Bets

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

TJX Companies Company 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.