Avantax Planning Partners Inc. Sells 972 Shares of The TJX Companies, Inc. (NYSE:TJX)

Avantax Planning Partners Inc. lessened its holdings in The TJX Companies, Inc. (NYSE:TJX) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,307 shares of the apparel and home fashions retailer’s stock after selling 972 shares during the period. Avantax Planning Partners Inc.’s holdings in TJX Companies were worth $2,453,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Congress Asset Management Co. grew its position in TJX Companies by 1.1% in the fourth quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer’s stock valued at $148,456,000 after acquiring an additional 13,036 shares during the last quarter. Atlas Legacy Advisors LLC bought a new stake in shares of TJX Companies during the fourth quarter worth about $433,000. BLB&B Advisors LLC grew its holdings in shares of TJX Companies by 2.8% during the fourth quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer’s stock worth $9,795,000 after purchasing an additional 2,201 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of TJX Companies by 12.1% during the fourth quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer’s stock worth $4,130,000 after purchasing an additional 3,691 shares during the last quarter. Finally, Boyd Watterson Asset Management LLC OH bought a new stake in shares of TJX Companies during the fourth quarter worth about $604,000. Institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 484,189 shares of the company’s stock, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their position. 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 value of $988,240.00. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $145.00 price objective on shares of TJX Companies in a research note on Thursday, February 27th. Jefferies Financial Group lifted their price objective on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. StockNews.com lowered TJX Companies from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. UBS Group boosted their price target on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, 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 research note on Thursday, November 21st. 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 an average target price of $135.06.

TJX Companies Trading Down 1.6 %

Shares of TJX Companies stock opened at $117.40 on Tuesday. The stock has a fifty day simple moving average of $122.70 and a 200 day simple moving average of $120.35. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. The company has a market capitalization of $131.97 billion, a P/E ratio of 27.62, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

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.