The TJX Companies, Inc. (NYSE:TJX) Stock Position Decreased by Net Worth Advisory Group

Net Worth Advisory Group cut its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,730 shares of the apparel and home fashions retailer’s stock after selling 96 shares during the period. Net Worth Advisory Group’s holdings in TJX Companies were worth $692,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vista Investment Partners II LLC bought a new position in shares of TJX Companies in the 4th quarter valued at approximately $2,858,000. Tortoise Investment Management LLC raised its stake in shares of TJX Companies by 42.1% in the 4th quarter. Tortoise Investment Management LLC now owns 1,404 shares of the apparel and home fashions retailer’s stock valued at $170,000 after acquiring an additional 416 shares in the last quarter. Tower Wealth Partners Inc. raised its stake in shares of TJX Companies by 55.6% in the 4th quarter. Tower Wealth Partners Inc. now owns 3,325 shares of the apparel and home fashions retailer’s stock valued at $402,000 after acquiring an additional 1,188 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of TJX Companies by 2.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 172,357 shares of the apparel and home fashions retailer’s stock valued at $20,823,000 after acquiring an additional 4,932 shares in the last quarter. Finally, Moran Wealth Management LLC raised its stake in shares of TJX Companies by 2.8% in the 4th quarter. Moran Wealth Management LLC now owns 5,735 shares of the apparel and home fashions retailer’s stock valued at $693,000 after acquiring an additional 154 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $117.40 on Tuesday. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The firm has a market capitalization of $131.97 billion, a PE ratio of 27.62, a PEG ratio of 2.75 and a beta of 0.96. The business’s 50 day moving average is $122.70 and its 200-day moving average is $120.35. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data 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 return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. Sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Morgan Stanley raised their price objective on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. BMO Capital Markets raised their price objective on TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Wells Fargo & Company raised their price objective on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Guggenheim raised their target price on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, StockNews.com lowered TJX Companies from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $135.06.

Insider Transactions at TJX Companies

In related news, Director Alan M. Bennett sold 8,000 shares of the business’s 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Ernie Herrman sold 23,428 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

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.