187,496 Shares in TJX Companies Inc (TJX) Purchased by Chilton Capital Management LLC

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Chilton Capital Management LLC purchased a new position in shares of TJX Companies Inc (NYSE:TJX) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 187,496 shares of the apparel and home fashions retailer’s stock, valued at approximately $8,389,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. boosted its position in TJX Companies by 113.3% during the fourth quarter. BlackRock Inc. now owns 90,260,028 shares of the apparel and home fashions retailer’s stock valued at $4,038,232,000 after purchasing an additional 47,939,993 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in TJX Companies by 13,963.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 26,176,882 shares of the apparel and home fashions retailer’s stock valued at $585,000 after purchasing an additional 25,990,744 shares in the last quarter. Bank of New York Mellon Corp boosted its position in TJX Companies by 77.9% during the fourth quarter. Bank of New York Mellon Corp now owns 33,050,653 shares of the apparel and home fashions retailer’s stock valued at $1,478,686,000 after purchasing an additional 14,469,980 shares in the last quarter. Northern Trust Corp boosted its position in TJX Companies by 110.6% during the fourth quarter. Northern Trust Corp now owns 17,690,380 shares of the apparel and home fashions retailer’s stock valued at $791,468,000 after purchasing an additional 9,291,759 shares in the last quarter. Finally, Alecta Pensionsforsakring Omsesidigt boosted its position in TJX Companies by 90.8% during the fourth quarter. Alecta Pensionsforsakring Omsesidigt now owns 15,135,076 shares of the apparel and home fashions retailer’s stock valued at $662,916,000 after purchasing an additional 7,202,538 shares in the last quarter. 88.61% of the stock is currently owned by institutional investors and hedge funds.

In other TJX Companies news, Director Amy B. Lane sold 1,000 shares of the firm’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $51.79, for a total value of $51,790.00. Following the completion of the sale, the director now owns 31,092 shares of the company’s stock, valued at $1,610,254.68. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by company insiders.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research downgraded TJX Companies from a “buy” rating to a “hold” rating in a research report on Monday, February 11th. Telsey Advisory Group raised TJX Companies from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $51.00 to $56.00 in a research report on Thursday, January 31st. Argus raised TJX Companies from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research report on Thursday, November 29th. Morgan Stanley raised their price objective on TJX Companies from $56.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, February 28th. Finally, ValuEngine raised TJX Companies from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $55.06.

Shares of NYSE TJX opened at $52.49 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.53 and a quick ratio of 0.70. The stock has a market capitalization of $64.64 billion, a price-to-earnings ratio of 24.88, a price-to-earnings-growth ratio of 1.84 and a beta of 0.66. TJX Companies Inc has a fifty-two week low of $39.86 and a fifty-two week high of $56.64.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, February 27th. The apparel and home fashions retailer reported $0.68 earnings per share for the quarter, hitting the consensus estimate of $0.68. The business had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.01 billion. TJX Companies had a return on equity of 57.42% and a net margin of 7.85%. The company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the company earned $1.30 earnings per share. On average, equities analysts anticipate that TJX Companies Inc will post 2.61 earnings per share for the current year.

TJX Companies declared that its Board of Directors has initiated a stock repurchase program on Wednesday, February 27th that permits the company to repurchase $2.25 billion in shares. This repurchase authorization permits the apparel and home fashions retailer to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

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About TJX Companies

The TJX Companies, Inc 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, accent furniture, lamps, rugs, wall d├ęcor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

Further Reading: Cost of Capital Explained

Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TJX Companies Inc (NYSE:TJX).

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

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