Napatree Capital LLC Acquires New Shares in The TJX Companies, Inc. (NYSE:TJX)

Napatree Capital LLC acquired a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,921 shares of the apparel and home fashions retailer’s stock, valued at approximately $232,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Stevens Capital Management LP purchased a new position in TJX Companies in the fourth quarter worth about $1,629,000. LPL Financial LLC boosted its position in TJX Companies by 15.3% in the fourth quarter. LPL Financial LLC now owns 1,009,386 shares of the apparel and home fashions retailer’s stock worth $121,944,000 after purchasing an additional 134,175 shares during the last quarter. Banco de Sabadell S.A boosted its position in TJX Companies by 1.3% in the fourth quarter. Banco de Sabadell S.A now owns 19,800 shares of the apparel and home fashions retailer’s stock worth $2,392,000 after purchasing an additional 248 shares during the last quarter. Fox Run Management L.L.C. boosted its position in TJX Companies by 117.9% in the fourth quarter. Fox Run Management L.L.C. now owns 10,441 shares of the apparel and home fashions retailer’s stock worth $1,261,000 after purchasing an additional 5,650 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in TJX Companies in the fourth quarter worth about $59,354,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 23,428 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the completion of the transaction, the chief executive officer now owns 484,189 shares in the company, valued at $59,569,772.67. The trade was a 4.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the business’s stock in a transaction on 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. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Barclays raised their price objective on TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. BMO Capital Markets raised their price objective on TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Jefferies Financial Group raised their price objective on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. 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. Finally, Wells Fargo & Company raised their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $135.06.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $116.09 on Monday. The stock has a market cap of $130.51 billion, a price-to-earnings ratio of 27.32, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The stock has a 50 day moving average price of $121.69 and a 200-day moving average price of $120.15. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. The firm had revenue of $16.35 billion during the quarter, compared to analysts’ expectations of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. Equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current 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.