Tortoise Investment Management LLC Boosts Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Tortoise Investment Management LLC raised its holdings in The TJX Companies, Inc. (NYSE:TJX) by 42.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,404 shares of the apparel and home fashions retailer’s stock after acquiring an additional 416 shares during the period. Tortoise Investment Management LLC’s holdings in TJX Companies were worth $170,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Tower Wealth Partners Inc. increased its stake in shares of TJX Companies by 55.6% in the fourth quarter. Tower Wealth Partners Inc. now owns 3,325 shares of the apparel and home fashions retailer’s stock worth $402,000 after purchasing an additional 1,188 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of TJX Companies by 2.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 172,357 shares of the apparel and home fashions retailer’s stock worth $20,823,000 after purchasing an additional 4,932 shares in the last quarter. Moran Wealth Management LLC increased its stake in shares of TJX Companies by 2.8% in the fourth quarter. Moran Wealth Management LLC now owns 5,735 shares of the apparel and home fashions retailer’s stock worth $693,000 after purchasing an additional 154 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of TJX Companies by 6.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 243,837 shares of the apparel and home fashions retailer’s stock worth $29,458,000 after purchasing an additional 14,004 shares in the last quarter. Finally, Simplicity Wealth LLC purchased a new position in shares of TJX Companies in the fourth quarter worth about $222,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Down 1.6 %

Shares of TJX opened at $117.40 on Tuesday. The firm has a market cap of $131.97 billion, a price-to-earnings ratio of 27.62, a PEG 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 TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The firm has a 50 day moving average price of $122.70 and a 200-day moving average price of $120.35.

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 analysts’ consensus estimates of $1.16 by $0.07. The firm had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. As a group, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Insider Transactions at TJX Companies

In related news, Director Alan M. Bennett sold 8,000 shares of TJX Companies 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 filing with the SEC, which is available through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies 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 directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TJX shares. Robert W. Baird lifted their target price on shares of TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Jefferies Financial Group boosted their price objective on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. StockNews.com cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Morgan Stanley boosted their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $135.06.

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.