HUB Investment Partners LLC Raises Stake in The TJX Companies, Inc. (NYSE:TJX)

HUB Investment Partners LLC boosted its position in The TJX Companies, Inc. (NYSE:TJX) by 69.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,657 shares of the apparel and home fashions retailer’s stock after buying an additional 2,325 shares during the period. HUB Investment Partners LLC’s holdings in TJX Companies were worth $683,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of TJX. Howard Capital Management Group LLC boosted its position in TJX Companies by 42.9% in the third 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 buying an additional 69,489 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in TJX Companies by 2.9% in the third quarter. Thrivent Financial for Lutherans now owns 114,416 shares of the apparel and home fashions retailer’s stock valued at $13,448,000 after buying an additional 3,258 shares during the last quarter. Prospera Private Wealth LLC boosted its position in TJX Companies by 8.4% in the third quarter. Prospera Private Wealth LLC now owns 3,022 shares of the apparel and home fashions retailer’s stock valued at $355,000 after buying an additional 233 shares during the last quarter. Strategy Asset Managers LLC purchased a new stake in TJX Companies in the third quarter valued at approximately $751,000. Finally, Citizens Financial Group Inc. RI lifted its holdings in TJX Companies by 4.1% in the third quarter. Citizens Financial Group Inc. RI now owns 118,818 shares of the apparel and home fashions retailer’s stock valued at $13,966,000 after acquiring an additional 4,712 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Down 1.5 %

NYSE TJX opened at $116.12 on Friday. The business has a fifty day moving average price of $121.76 and a 200 day moving average price of $120.13. The TJX Companies, Inc. has a one year low of $92.35 and a one year 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 company has a market cap of $130.54 billion, a P/E ratio of 27.32, a P/E/G ratio of 2.75 and a beta of 0.96.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating 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 the consensus estimate of $16.24 billion. Research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TJX has been the subject of a number of analyst reports. TD Cowen boosted their price target on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Morgan Stanley boosted 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. Deutsche Bank Aktiengesellschaft boosted their price target on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Telsey Advisory Group reissued an “outperform” rating and issued a $145.00 price target on shares of TJX Companies in a report on Thursday, February 27th. Finally, Guggenheim boosted their price target on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $135.06.

Insider Activity at TJX Companies

In related news, Director Alan M. Bennett sold 8,000 shares of the 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ernie Herrman sold 23,428 shares of the 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 transaction, the chief executive officer now directly owns 484,189 shares of the company’s stock, valued at approximately $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 owned by corporate insiders.

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.