The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lessened its stake in The TJX Companies, Inc. (NYSE:TJX) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,327,007 shares of the apparel and home fashions retailer’s stock after selling 48,532 shares during the quarter. Corient Private Wealth LLC owned about 0.21% of TJX Companies worth $280,749,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TJX. Howard Capital Management Group LLC increased its holdings in shares of TJX Companies by 42.9% in the third quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock valued at $27,208,000 after purchasing an additional 69,489 shares during the last quarter. Balboa Wealth Partners increased its holdings in shares of TJX Companies by 41.5% in the third quarter. Balboa Wealth Partners now owns 2,784 shares of the apparel and home fashions retailer’s stock valued at $327,000 after purchasing an additional 817 shares during the last quarter. CIBC Asset Management Inc grew its position in TJX Companies by 20.7% in the third quarter. CIBC Asset Management Inc now owns 235,688 shares of the apparel and home fashions retailer’s stock worth $27,703,000 after acquiring an additional 40,451 shares during the period. Signature Estate & Investment Advisors LLC grew its position in TJX Companies by 3.4% in the third quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer’s stock worth $318,000 after acquiring an additional 90 shares during the period. Finally, Empowered Funds LLC grew its position in TJX Companies by 23.0% in the third quarter. Empowered Funds LLC now owns 30,495 shares of the apparel and home fashions retailer’s stock worth $3,584,000 after acquiring an additional 5,707 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Robert W. Baird raised their price target on TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. StockNews.com lowered TJX Companies from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. TD Cowen raised their price target on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft raised their price target on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Jefferies Financial Group raised their price target on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.06.

TJX Companies Stock Up 0.4 %

TJX Companies stock opened at $113.27 on Friday. The stock’s fifty day moving average is $122.18 and its two-hundred day moving average is $120.20. 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 TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The stock has a market cap of $127.34 billion, a PE ratio of 26.65, a P/E/G ratio of 2.75 and a beta of 0.96.

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 analysts’ consensus estimates of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $16.35 billion for the quarter, compared to analysts’ expectations of $16.24 billion. On average, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

Insider Transactions at TJX Companies

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction that occurred 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 document filed with the SEC, which is accessible through this link. Also, CEO Ernie Herrman sold 23,428 shares of the business’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 value of $2,882,346.84. Following the sale, the chief executive officer now directly owns 484,189 shares in the company, valued at $59,569,772.67. This trade represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. 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.