Harvest Fund Management Co. Ltd Purchases 7,753 Shares of The TJX Companies, Inc. (NYSE:TJX)

Harvest Fund Management Co. Ltd lifted its position in The TJX Companies, Inc. (NYSE:TJX) by 62.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,129 shares of the apparel and home fashions retailer’s stock after buying an additional 7,753 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in TJX Companies were worth $2,431,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Bogart Wealth LLC acquired a new stake in TJX Companies during the 4th quarter valued at $25,000. Trivant Custom Portfolio Group LLC acquired a new stake in TJX Companies during the 4th quarter valued at $26,000. Truvestments Capital LLC acquired a new stake in TJX Companies during the 3rd quarter valued at $29,000. Legacy Investment Solutions LLC acquired a new stake in TJX Companies during the 3rd quarter valued at $30,000. Finally, SOA Wealth Advisors LLC. acquired a new stake in TJX Companies during the 4th quarter valued at $30,000. 91.09% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 484,189 shares of the company’s stock, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

TJX Companies Trading Up 2.4 %

TJX opened at $117.98 on Thursday. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. The company has a 50-day simple moving average of $121.88 and a 200 day simple moving average of $120.15. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $132.63 billion, a price-to-earnings ratio of 27.76, a P/E/G ratio of 2.75 and a beta of 0.96.

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on TJX. Morgan Stanley raised their price target on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft raised their price target on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Robert W. Baird lifted their target price on TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Guggenheim lifted their target price on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, TD Cowen lifted their target price on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and an average target price 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.