The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Modern Wealth Management LLC

Modern Wealth Management LLC boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 21.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,189 shares of the apparel and home fashions retailer’s stock after acquiring an additional 1,636 shares during the quarter. Modern Wealth Management LLC’s holdings in TJX Companies were worth $1,148,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Howard Capital Management Group LLC increased its stake in shares of TJX Companies by 42.9% during 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 acquiring an additional 69,489 shares during the period. Centaurus Financial Inc. bought a new position in TJX Companies during the 3rd quarter valued at $101,000. Truvestments Capital LLC bought a new stake in shares of TJX Companies in the 3rd quarter worth $29,000. Patton Albertson Miller Group LLC lifted its holdings in shares of TJX Companies by 28.7% in the third quarter. Patton Albertson Miller Group LLC now owns 3,050 shares of the apparel and home fashions retailer’s stock valued at $358,000 after buying an additional 680 shares during the period. Finally, Quantbot Technologies LP bought a new position in TJX Companies during the third quarter valued at about $922,000. Institutional investors own 91.09% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 23,428 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were 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 Price Performance

Shares of NYSE:TJX opened at $119.66 on Thursday. The firm has a market cap of $134.51 billion, a price-to-earnings ratio of 28.15, a P/E/G 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 current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The business has a fifty day simple moving average of $121.71 and a 200 day simple moving average of $120.19.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. The company 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%. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TJX has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Guggenheim raised their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. BMO Capital Markets upped their price target on TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Robert W. Baird raised their price objective on TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $145.00 target price on shares of TJX Companies 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 stock. Based on data from MarketBeat, TJX Companies has a consensus 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.