Gradient Investments LLC Acquires 222 Shares of The TJX Companies, Inc. (NYSE:TJX)

Gradient Investments LLC increased its position in The TJX Companies, Inc. (NYSE:TJXFree Report) by 86.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 478 shares of the apparel and home fashions retailer’s stock after purchasing an additional 222 shares during the quarter. Gradient Investments LLC’s holdings in TJX Companies were worth $45,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Moneta Group Investment Advisors LLC boosted its stake in TJX Companies by 90,089.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,788,543 shares of the apparel and home fashions retailer’s stock valued at $1,575,168,000 after acquiring an additional 19,766,602 shares in the last quarter. Morgan Stanley raised its position in shares of TJX Companies by 88.1% in the fourth quarter. Morgan Stanley now owns 26,619,778 shares of the apparel and home fashions retailer’s stock worth $2,118,935,000 after acquiring an additional 12,468,119 shares during the period. Norges Bank acquired a new position in shares of TJX Companies during the 4th quarter worth approximately $891,631,000. Ontario Teachers Pension Plan Board purchased a new position in shares of TJX Companies in the first quarter valued at approximately $408,331,000. Finally, FMR LLC grew its stake in TJX Companies by 13.1% during the 3rd quarter. FMR LLC now owns 52,008,484 shares of the apparel and home fashions retailer’s stock valued at $4,622,514,000 after acquiring an additional 6,036,764 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $105.00 price target on shares of TJX Companies in a research report on Wednesday, February 28th. BMO Capital Markets boosted their price objective on shares of TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Redburn Atlantic cut shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 target price on the stock. in a report on Monday, February 5th. Finally, UBS Group raised their price objective on shares of TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $102.19.

View Our Latest Report on TJX

TJX Companies Stock Up 0.3 %

TJX stock opened at $101.42 on Monday. The TJX Companies, Inc. has a 1 year low of $75.65 and a 1 year high of $102.84. The company has a fifty day simple moving average of $97.86 and a 200 day simple moving average of $93.07. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 0.39. The firm has a market cap of $114.97 billion, a PE ratio of 26.27, a PEG ratio of 2.61 and a beta of 0.86.

TJX Companies (NYSE:TJXGet Free Report) last released its quarterly earnings data on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.10. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The business had revenue of $16.41 billion for the quarter, compared to analysts’ expectations of $16.20 billion. During the same period in the previous year, the business posted $0.89 earnings per share. TJX Companies’s quarterly revenue was up 13.0% on a year-over-year basis. Sell-side analysts anticipate that The TJX Companies, Inc. will post 4.06 EPS for the current fiscal year.

TJX Companies declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 28th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the apparel and home fashions retailer to reacquire up to 2.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $98.98, for a total value of $1,979,600.00. Following the completion of the transaction, the chief executive officer now directly owns 515,801 shares in the company, valued at approximately $51,053,982.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $98.98, for a total value of $1,979,600.00. Following the sale, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Louise Greenlees sold 2,694 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the transaction, the executive vice president now owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

TJX Companies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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