The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by Ashton Thomas Securities LLC

Ashton Thomas Securities LLC increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,705 shares of the apparel and home fashions retailer’s stock after acquiring an additional 188 shares during the quarter. Ashton Thomas Securities LLC’s holdings in TJX Companies were worth $932,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TD Asset Management Inc. grew its holdings in shares of TJX Companies by 3.8% in the fourth quarter. TD Asset Management Inc. now owns 4,837,972 shares of the apparel and home fashions retailer’s stock valued at $584,475,000 after purchasing an additional 177,473 shares during the period. Princeton Capital Management LLC boosted its holdings in TJX Companies by 7.5% in the 4th quarter. Princeton Capital Management LLC now owns 2,551 shares of the apparel and home fashions retailer’s stock valued at $308,000 after purchasing an additional 177 shares during the last quarter. EFG Asset Management North America Corp. grew its stake in shares of TJX Companies by 9.0% in the 4th quarter. EFG Asset Management North America Corp. now owns 24,496 shares of the apparel and home fashions retailer’s stock valued at $2,959,000 after buying an additional 2,026 shares during the period. Modern Wealth Management LLC increased its holdings in shares of TJX Companies by 21.7% during the 4th quarter. Modern Wealth Management LLC now owns 9,189 shares of the apparel and home fashions retailer’s stock worth $1,148,000 after buying an additional 1,636 shares during the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in shares of TJX Companies during the 4th quarter worth approximately $292,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of the firm’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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction, the chief executive officer now owns 484,189 shares of the company’s stock, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

NYSE:TJX opened at $119.64 on Tuesday. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The company has a fifty day simple moving average of $121.68 and a two-hundred day simple moving average of $120.16. 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 $134.49 billion, a price-to-earnings ratio of 28.15, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Robert W. Baird raised their target price on TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. StockNews.com cut TJX Companies from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. BMO Capital Markets boosted their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Jefferies Financial Group increased their target price on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Guggenheim boosted their price target on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.