MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Cuts Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH reduced its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 42.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 272,924 shares of the apparel and home fashions retailer’s stock after selling 202,392 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in TJX Companies were worth $25,603,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Anchor Investment Management LLC acquired a new position in TJX Companies during the fourth quarter worth about $28,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in TJX Companies during the third quarter worth about $29,000. BKM Wealth Management LLC acquired a new position in TJX Companies during the fourth quarter worth about $30,000. ICA Group Wealth Management LLC acquired a new position in TJX Companies during the fourth quarter worth about $27,000. Finally, Cornerstone Planning Group LLC acquired a new position in TJX Companies during the second quarter worth about $33,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on TJX shares. Redburn Atlantic lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target on the stock. in a research report on Monday, February 5th. UBS Group increased their price target on shares of TJX Companies from $95.00 to $104.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. BMO Capital Markets increased their price target on shares of TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $105.00 price target on shares of TJX Companies in a research report on Wednesday, February 28th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $102.19.

TJX Companies Trading Up 0.3 %

NYSE:TJX traded up $0.34 during trading hours on Friday, reaching $101.42. 4,778,175 shares of the company were exchanged, compared to its average volume of 5,857,665. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.21 and a quick ratio of 0.64. The firm has a market cap of $114.97 billion, a price-to-earnings ratio of 26.27, a PEG ratio of 2.60 and a beta of 0.86. The TJX Companies, Inc. has a 52-week low of $75.65 and a 52-week high of $102.84. The stock has a 50 day simple moving average of $97.74 and a 200 day simple moving average of $93.00.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. The company had revenue of $16.41 billion for the quarter, compared to the consensus estimate of $16.20 billion. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. TJX Companies’s revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.89 earnings per share. As a group, analysts predict that The TJX Companies, Inc. will post 4.06 EPS for the current year.

TJX Companies declared that its Board of Directors has authorized a stock buyback program on Wednesday, February 28th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the apparel and home fashions retailer to purchase up to 2.2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $98.98, for a total value of $1,979,600.00. Following the transaction, the chief executive officer now owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Louise Greenlees sold 2,694 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the completion of the sale, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the sale, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

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.