HighPoint Advisor Group LLC Has $3.17 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

HighPoint Advisor Group LLC increased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,451 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,412 shares during the period. HighPoint Advisor Group LLC’s holdings in TJX Companies were worth $3,172,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Bogart Wealth LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at $25,000. Trivant Custom Portfolio Group LLC bought a new stake in TJX Companies in the fourth quarter valued at about $26,000. Legacy Investment Solutions LLC acquired a new position in TJX Companies in the third quarter worth about $30,000. SOA Wealth Advisors LLC. bought a new position in TJX Companies during the fourth quarter worth about $30,000. Finally, Millstone Evans Group LLC acquired a new stake in TJX Companies during the fourth quarter valued at approximately $30,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction 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 transaction, the chief executive officer now 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

TJX has been the subject of several analyst reports. BMO Capital Markets raised their target price on TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a report on Thursday, March 27th. Wells Fargo & Company boosted their target price on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. UBS Group increased their target price on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, Jefferies Financial Group boosted their price target on shares of TJX Companies from $140.00 to $145.00 and gave the company 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 stock. According to MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.06.

TJX Companies Trading Up 3.1 %

TJX stock opened at $121.90 on Tuesday. The business has a fifty day moving average of $121.61 and a 200-day moving average of $120.26. The company has a market cap of $137.03 billion, a P/E ratio of 28.68, a PEG ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

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 (EPS) 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 company had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. As a group, equities research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

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.