TD Private Client Wealth LLC Raises Stake in The TJX Companies, Inc. (NYSE:TJX)

TD Private Client Wealth LLC grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,178 shares of the apparel and home fashions retailer’s stock after purchasing an additional 442 shares during the quarter. TD Private Client Wealth LLC’s holdings in TJX Companies were worth $1,471,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Bogart Wealth LLC purchased a new stake in shares of TJX Companies during the fourth quarter valued at $25,000. Trivant Custom Portfolio Group LLC purchased a new stake in TJX Companies in the fourth quarter worth about $26,000. Legacy Investment Solutions LLC purchased a new stake in TJX Companies in the third quarter worth about $30,000. Truvestments Capital LLC purchased a new stake in TJX Companies in the third quarter worth about $29,000. Finally, SOA Wealth Advisors LLC. purchased a new stake in TJX Companies in the fourth quarter worth about $30,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on TJX. Morgan Stanley upped their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $145.00 price objective on shares of TJX Companies in a research note on Thursday, February 27th. BMO Capital Markets upped their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. UBS Group upped their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, Barclays increased their price target on shares of TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.06.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction that occurred 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.

TJX Companies Stock Performance

TJX opened at $116.09 on Friday. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week 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. The company has a market cap of $130.51 billion, a P/E ratio of 27.32, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The firm’s 50-day moving average price is $121.69 and its 200-day moving average price is $120.13.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping the consensus estimate 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 analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Company 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.