Farther Finance Advisors LLC Sells 4,201 Shares of The TJX Companies, Inc. (NYSE:TJX)

Farther Finance Advisors LLC cut its position in The TJX Companies, Inc. (NYSE:TJX) by 25.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,347 shares of the apparel and home fashions retailer’s stock after selling 4,201 shares during the quarter. Farther Finance Advisors LLC’s holdings in TJX Companies were worth $1,492,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Knuff & Co LLC raised its stake in shares of TJX Companies by 51.1% in the fourth quarter. Knuff & Co LLC now owns 973 shares of the apparel and home fashions retailer’s stock valued at $118,000 after buying an additional 329 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of TJX Companies by 3.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 20,369 shares of the apparel and home fashions retailer’s stock valued at $2,461,000 after purchasing an additional 759 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in shares of TJX Companies by 12.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 134,457 shares of the apparel and home fashions retailer’s stock valued at $16,244,000 after purchasing an additional 15,371 shares in the last quarter. Moors & Cabot Inc. grew its position in shares of TJX Companies by 1.4% in the fourth quarter. Moors & Cabot Inc. now owns 157,181 shares of the apparel and home fashions retailer’s stock valued at $18,989,000 after purchasing an additional 2,194 shares in the last quarter. Finally, Natural Investments LLC purchased a new position in shares of TJX Companies in the fourth quarter valued at $773,000. 91.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Guggenheim lifted 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. BMO Capital Markets lifted their price target on TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Telsey Advisory Group reiterated an “outperform” rating and issued a $145.00 price target on shares of TJX Companies in a research report on Thursday, February 27th. Jefferies Financial Group boosted their target price on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, Morgan Stanley boosted their target price on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $135.06.

TJX Companies Price Performance

TJX opened at $112.62 on Friday. The stock has a 50-day moving average price of $122.33 and a 200-day moving average price of $120.24. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. 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 stock has a market capitalization of $126.60 billion, a P/E ratio of 26.50, a PEG ratio of 2.75 and a beta of 0.96.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. Equities analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Alan M. Bennett sold 8,000 shares of the business’s 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly 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 position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

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.