Fox Hill Wealth Management Has $2.82 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Fox Hill Wealth Management boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,346 shares of the apparel and home fashions retailer’s stock after buying an additional 526 shares during the period. TJX Companies comprises 1.6% of Fox Hill Wealth Management’s portfolio, making the stock its 15th largest holding. Fox Hill Wealth Management’s holdings in TJX Companies were worth $2,820,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Bogart Wealth LLC acquired a new stake in shares of TJX Companies in the 4th quarter valued at $25,000. Trivant Custom Portfolio Group LLC acquired a new stake in shares of TJX Companies in the 4th quarter valued at $26,000. Legacy Investment Solutions LLC acquired a new stake in shares of TJX Companies in the 3rd quarter valued at $30,000. Truvestments Capital LLC acquired a new stake in shares of TJX Companies in the 3rd quarter valued at $29,000. Finally, SOA Wealth Advisors LLC. acquired a new stake in shares of TJX Companies in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Activity at TJX Companies

In related news, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction of $2,882,346.84. Following the completion of the sale, the chief executive officer now owns 484,189 shares in the company, valued at $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Stock Performance

TJX Companies stock opened at $115.25 on Wednesday. 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 TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The company has a market cap of $129.56 billion, a PE ratio of 27.12, a PEG ratio of 2.75 and a beta of 0.96. The company’s 50-day moving average is $121.96 and its two-hundred day moving average is $120.17.

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

Analysts Set New Price Targets

Several brokerages have recently commented on TJX. TD Cowen boosted their target price on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Barclays boosted their target price on shares of TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. Morgan Stanley lifted their price target on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Jefferies Financial Group lifted their price target on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company lifted their price target on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, 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.