The TJX Companies, Inc. (NYSE:TJX) is 1620 Investment Advisors Inc.’s 8th Largest Position

1620 Investment Advisors Inc. boosted its position in The TJX Companies, Inc. (NYSE:TJX) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,882 shares of the apparel and home fashions retailer’s stock after acquiring an additional 329 shares during the quarter. TJX Companies accounts for 1.7% of 1620 Investment Advisors Inc.’s investment portfolio, making the stock its 8th biggest position. 1620 Investment Advisors Inc.’s holdings in TJX Companies were worth $2,281,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC boosted its holdings in TJX Companies by 3.8% in the fourth quarter. TD Private Client Wealth LLC now owns 12,178 shares of the apparel and home fashions retailer’s stock valued at $1,471,000 after acquiring an additional 442 shares during the last quarter. One Charles Private Wealth Services LLC boosted its holdings in TJX Companies by 5.0% in the fourth 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 acquiring an additional 86 shares during the last quarter. Antonelli Financial Advisors LLC acquired a new position in TJX Companies in the fourth quarter valued at $249,000. Lowe Brockenbrough & Co. Inc. boosted its holdings in TJX Companies by 0.6% in the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 109,674 shares of the apparel and home fashions retailer’s stock valued at $13,250,000 after acquiring an additional 612 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in TJX Companies by 4.5% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 251,440 shares of the apparel and home fashions retailer’s stock valued at $30,376,000 after acquiring an additional 10,805 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Down 1.5 %

Shares of TJX Companies stock opened at $116.12 on Friday. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The firm has a market cap of $130.54 billion, a P/E ratio of 27.32, a P/E/G ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The business has a 50-day moving average price of $121.76 and a 200 day moving average price of $120.13.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating 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 return on equity of 61.82% and a net margin of 8.63%. On average, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on TJX shares. StockNews.com cut TJX Companies from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Barclays boosted their price objective on TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Evercore ISI boosted their price objective on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft boosted their price objective on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Wells Fargo & Company boosted their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and an average target price of $135.06.

Insider Activity

In other news, Director Alan M. Bennett sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction, the chief executive officer now directly owns 484,189 shares of the company’s stock, valued at $59,569,772.67. This trade represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Company Profile

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.