Sciencast Management LP Acquires 13,443 Shares of The TJX Companies, Inc. (NYSE:TJX)

Sciencast Management LP grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 114.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,218 shares of the apparel and home fashions retailer’s stock after acquiring an additional 13,443 shares during the quarter. TJX Companies comprises about 0.8% of Sciencast Management LP’s holdings, making the stock its 7th largest position. Sciencast Management LP’s holdings in TJX Companies were worth $3,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Millstone Evans Group LLC purchased a new position in shares of TJX Companies in the 4th quarter worth $30,000. 1620 Investment Advisors Inc. increased its stake in TJX Companies by 1.8% during the fourth quarter. 1620 Investment Advisors Inc. now owns 18,882 shares of the apparel and home fashions retailer’s stock worth $2,281,000 after acquiring an additional 329 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in shares of TJX Companies by 3.8% in the 4th quarter. TD Private Client Wealth LLC now owns 12,178 shares of the apparel and home fashions retailer’s stock worth $1,471,000 after purchasing an additional 442 shares during the period. One Charles Private Wealth Services LLC lifted its stake in shares of TJX Companies by 5.0% in the 4th quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer’s stock valued at $218,000 after purchasing an additional 86 shares in the last quarter. Finally, Antonelli Financial Advisors LLC purchased a new stake in shares of TJX Companies during the 4th quarter worth about $249,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Activity at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction that occurred 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 Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the company’s stock in a transaction that occurred 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 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 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 Stock Down 0.1 %

TJX stock opened at $116.09 on Friday. The company has a market capitalization of $130.51 billion, a P/E ratio of 27.32, a PEG ratio of 2.75 and a beta of 0.96. The firm has a 50 day simple moving average of $121.69 and a 200-day simple moving average of $120.12. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00.

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. The company 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%. On average, equities research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TJX has been the topic of several research reports. Wells Fargo & Company raised their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Morgan Stanley raised their target price 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. Guggenheim upped their price target on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. StockNews.com lowered TJX Companies from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. Finally, Robert W. Baird upped their target price on TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research report 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.com, the company currently has an average 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.