Boston Family Office LLC Has $5.50 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Boston Family Office LLC decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 0.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 45,558 shares of the apparel and home fashions retailer’s stock after selling 171 shares during the period. Boston Family Office LLC’s holdings in TJX Companies were worth $5,504,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bogart Wealth LLC acquired a new stake in shares of TJX Companies in the fourth quarter worth $25,000. Trivant Custom Portfolio Group LLC acquired a new stake in TJX Companies during the 4th quarter worth about $26,000. Legacy Investment Solutions LLC purchased a new position in TJX Companies during the 3rd quarter valued at about $30,000. SOA Wealth Advisors LLC. acquired a new position in shares of TJX Companies in the 4th quarter valued at about $30,000. Finally, Millstone Evans Group LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at about $30,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $121.90 on Tuesday. 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 firm has a fifty day simple moving average of $121.61 and a 200-day simple moving average of $120.26. The stock has a market capitalization of $137.03 billion, a price-to-earnings ratio of 28.68, a PEG 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.

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, topping 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 analyst estimates of $16.24 billion. On average, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the 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 of the company’s stock, valued at $59,569,772.67. This represents a 4.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was 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 corporate insiders.

Analysts Set New Price Targets

TJX has been the subject of several research reports. BMO Capital Markets raised their price target on shares of TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Morgan Stanley lifted their target price on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Robert W. Baird upped their price target on shares of TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Barclays lifted their price objective on TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. Finally, Guggenheim upped their target price on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $135.06.

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.