Mirova US LLC Makes New Investment in The TJX Companies, Inc. (NYSE:TJX)

Mirova US LLC purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 985,095 shares of the apparel and home fashions retailer’s stock, valued at approximately $119,009,000. TJX Companies accounts for about 1.4% of Mirova US LLC’s portfolio, making the stock its 26th biggest position. Mirova US LLC owned about 0.09% of TJX Companies as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Horizon Investments LLC boosted its position in TJX Companies by 2.7% during the 4th quarter. Horizon Investments LLC now owns 22,071 shares of the apparel and home fashions retailer’s stock worth $2,666,000 after acquiring an additional 576 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of TJX Companies by 3.2% in the fourth quarter. Advisors Asset Management Inc. now owns 122,314 shares of the apparel and home fashions retailer’s stock valued at $14,777,000 after buying an additional 3,765 shares during the period. Flagship Wealth Advisors LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at $491,000. Curio Wealth LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at $909,000. Finally, Signaturefd LLC lifted its holdings in shares of TJX Companies by 1.7% in the fourth quarter. Signaturefd LLC now owns 25,431 shares of the apparel and home fashions retailer’s stock valued at $3,072,000 after buying an additional 431 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Price Performance

TJX Companies stock opened at $114.52 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The company has a market capitalization of $128.73 billion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The business has a 50 day simple moving average of $122.05 and a 200 day simple moving average of $120.18.

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 the consensus estimate of $1.16 by $0.07. The business had revenue of $16.35 billion during 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%. On average, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

Insider Buying and Selling

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of TJX Companies 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 Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total value 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 approximately $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 owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. BMO Capital Markets upped their price objective on TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. 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. Guggenheim upped their price target on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Wells Fargo & Company upped 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. Finally, Evercore ISI upped their target price on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and an average target price of $135.06.

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.