The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Hilton Capital Management LLC

Hilton Capital Management LLC decreased its stake in The TJX Companies, Inc. (NYSE:TJX) by 11.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,169 shares of the apparel and home fashions retailer’s stock after selling 10,105 shares during the quarter. Hilton Capital Management LLC’s holdings in TJX Companies were worth $9,444,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TJX. Bogart Wealth LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at about $25,000. Trivant Custom Portfolio Group LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at about $26,000. Truvestments Capital LLC acquired a new stake in shares of TJX Companies in the third quarter valued at about $29,000. Legacy Investment Solutions LLC acquired a new position in TJX Companies during the third quarter worth about $30,000. Finally, SOA Wealth Advisors LLC. acquired a new position in TJX Companies during the fourth quarter worth about $30,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Buying and Selling

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

TJX Companies Price Performance

TJX Companies stock opened at $112.62 on Friday. The company’s 50 day simple moving average is $122.33 and its 200-day simple moving average is $120.24. The company has a market capitalization of $126.60 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX) last released 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 analysts’ consensus estimates of $1.16 by $0.07. The business had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. As a group, equities research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group boosted their price target on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. TD Cowen boosted their price target on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Guggenheim boosted their price target on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Telsey Advisory Group restated an “outperform” rating and set a $145.00 price target on shares of TJX Companies in a research report on Thursday, February 27th. Finally, Robert W. Baird boosted their price target on shares of TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.