Antonelli Financial Advisors LLC Makes New $249,000 Investment in The TJX Companies, Inc. (NYSE:TJX)

Antonelli Financial Advisors LLC purchased a new stake in The TJX Companies, Inc. (NYSE:TJX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,059 shares of the apparel and home fashions retailer’s stock, valued at approximately $249,000.

Other hedge funds also recently made changes to their positions in the company. Lowe Brockenbrough & Co. Inc. increased its position in TJX Companies by 0.6% during the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 109,674 shares of the apparel and home fashions retailer’s stock valued at $13,250,000 after purchasing an additional 612 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in shares of TJX Companies by 4.5% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 251,440 shares of the apparel and home fashions retailer’s stock worth $30,376,000 after buying an additional 10,805 shares during the period. HUB Investment Partners LLC increased its position in shares of TJX Companies by 69.8% during the fourth quarter. HUB Investment Partners LLC now owns 5,657 shares of the apparel and home fashions retailer’s stock worth $683,000 after buying an additional 2,325 shares during the period. Blueshift Asset Management LLC lifted its holdings in TJX Companies by 314.7% in the fourth quarter. Blueshift Asset Management LLC now owns 16,316 shares of the apparel and home fashions retailer’s stock valued at $1,971,000 after buying an additional 12,382 shares during the period. Finally, iA Global Asset Management Inc. boosted its position in TJX Companies by 125.2% during the fourth quarter. iA Global Asset Management Inc. now owns 118,917 shares of the apparel and home fashions retailer’s stock valued at $14,366,000 after acquiring an additional 66,123 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TJX shares. Robert W. Baird lifted their price objective on TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Barclays lifted their target price on TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft increased their price target on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. BMO Capital Markets lifted their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Finally, Jefferies Financial Group increased their target price on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $135.06.

Insider Activity at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction dated 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. 0.13% of the stock is owned by company insiders.

TJX Companies Trading Down 1.5 %

Shares of TJX stock opened at $116.12 on Friday. The company has a 50-day simple moving average of $121.76 and a two-hundred day simple moving average of $120.13. The company has a market capitalization of $130.54 billion, a price-to-earnings ratio of 27.32, a PEG ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week 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 earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. Research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

About TJX Companies

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.