The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its holdings in The TJX Companies, Inc. (NYSE:TJX) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 355,141 shares of the apparel and home fashions retailer’s stock after selling 8,182 shares during the period. Commonwealth Equity Services LLC’s holdings in TJX Companies were worth $42,905,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. DecisionMap Wealth Management LLC purchased a new position in shares of TJX Companies in the fourth quarter valued at approximately $227,000. PGGM Investments lifted its position in shares of TJX Companies by 13.1% in the fourth quarter. PGGM Investments now owns 185,997 shares of the apparel and home fashions retailer’s stock valued at $22,470,000 after acquiring an additional 21,506 shares in the last quarter. Balboa Wealth Partners lifted its position in TJX Companies by 18.8% during the fourth quarter. Balboa Wealth Partners now owns 3,306 shares of the apparel and home fashions retailer’s stock worth $399,000 after buying an additional 522 shares in the last quarter. HBK Sorce Advisory LLC lifted its position in TJX Companies by 3.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 13,186 shares of the apparel and home fashions retailer’s stock worth $1,593,000 after buying an additional 473 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its position in TJX Companies by 2.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 309,668 shares of the apparel and home fashions retailer’s stock worth $37,498,000 after buying an additional 6,070 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Price Performance

TJX opened at $113.27 on Friday. The stock’s 50-day moving average price is $122.18 and its 200 day moving average price is $120.20. 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 firm has a market cap of $127.34 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 2.75 and a beta of 0.96.

TJX Companies (NYSE:TJX) last posted its 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. 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 for the quarter, compared to analyst estimates of $16.24 billion. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the company’s 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 in the company, valued at $59,569,772.67. This represents a 4.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alan M. Bennett sold 8,000 shares of the company’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 disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TJX shares. Deutsche Bank Aktiengesellschaft lifted their price objective on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. UBS Group lifted their price objective on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. StockNews.com downgraded TJX Companies from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. Evercore ISI lifted their price objective on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $145.00 price target on shares of TJX Companies in a research note on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.