Groupama Asset Managment Has $51.15 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Groupama Asset Managment grew its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 38.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 422,387 shares of the apparel and home fashions retailer’s stock after buying an additional 116,298 shares during the quarter. Groupama Asset Managment’s holdings in TJX Companies were worth $51,147,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of TJX. Congress Asset Management Co. raised its position in TJX Companies by 1.1% in the 4th quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer’s stock valued at $148,456,000 after purchasing an additional 13,036 shares during the last quarter. Atlas Legacy Advisors LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at $433,000. BLB&B Advisors LLC raised its holdings in shares of TJX Companies by 2.8% in the fourth quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer’s stock valued at $9,795,000 after buying an additional 2,201 shares during the last quarter. Empowered Funds LLC lifted its position in TJX Companies by 12.1% during the 4th quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer’s stock worth $4,130,000 after buying an additional 3,691 shares in the last quarter. Finally, Boyd Watterson Asset Management LLC OH bought a new stake in TJX Companies during the 4th quarter worth about $604,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. UBS Group boosted their target price on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Telsey Advisory Group restated an “outperform” rating and issued a $145.00 price objective on shares of TJX Companies in a research report on Thursday, February 27th. Wells Fargo & Company upped their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Morgan Stanley lifted their target price on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Finally, Robert W. Baird upped their price target on TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $135.06.

TJX Companies Stock Up 3.1 %

Shares of NYSE TJX opened at $121.90 on Tuesday. The firm has a 50 day moving average price of $121.61 and a 200 day moving average price of $120.26. 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 stock has a market cap of $137.03 billion, a P/E ratio of 28.68, 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.

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

Insiders Place Their Bets

In related news, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was 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 owns 484,189 shares in the company, valued at $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. Corporate insiders own 0.13% of the company’s stock.

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.