Advisors Asset Management Inc. Raises Stake in The TJX Companies, Inc. (NYSE:TJX)

Advisors Asset Management Inc. boosted its position in The TJX Companies, Inc. (NYSE:TJX) by 3.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 122,314 shares of the apparel and home fashions retailer’s stock after purchasing an additional 3,765 shares during the quarter. Advisors Asset Management Inc.’s holdings in TJX Companies were worth $14,777,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC raised its position in shares of TJX Companies by 42.9% during the 3rd quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock valued at $27,208,000 after acquiring an additional 69,489 shares in the last quarter. Empowered Funds LLC raised its stake in shares of TJX Companies by 23.0% during the 3rd quarter. Empowered Funds LLC now owns 30,495 shares of the apparel and home fashions retailer’s stock worth $3,584,000 after purchasing an additional 5,707 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of TJX Companies by 2.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 114,416 shares of the apparel and home fashions retailer’s stock worth $13,448,000 after purchasing an additional 3,258 shares in the last quarter. Quest Partners LLC increased its holdings in shares of TJX Companies by 622.3% during the 3rd quarter. Quest Partners LLC now owns 27,202 shares of the apparel and home fashions retailer’s stock valued at $3,197,000 after acquiring an additional 23,436 shares during the last quarter. Finally, Braun Stacey Associates Inc. increased its position in TJX Companies by 4.1% in the 3rd quarter. Braun Stacey Associates Inc. now owns 225,269 shares of the apparel and home fashions retailer’s stock worth $26,478,000 after buying an additional 8,803 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on TJX. BMO Capital Markets boosted their price target on TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Barclays increased their price target on TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Guggenheim increased their price target on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. UBS Group increased their target price on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $145.00 price objective on shares of TJX Companies in a research note on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $135.06.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 484,189 shares of the company’s stock, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Trading Up 1.1 %

Shares of TJX stock opened at $114.52 on Tuesday. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. 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’s fifty day moving average is $122.05 and its two-hundred day moving average is $120.18. The firm has a market capitalization of $128.73 billion, a P/E ratio of 26.94, a PEG ratio of 2.75 and a beta of 0.96.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data 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 business had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. Research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

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.