Princeton Capital Management LLC Boosts Holdings in The TJX Companies, Inc. (NYSE:TJX)

Princeton Capital Management LLC raised its holdings in The TJX Companies, Inc. (NYSE:TJX) by 7.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,551 shares of the apparel and home fashions retailer’s stock after purchasing an additional 177 shares during the quarter. Princeton Capital Management LLC’s holdings in TJX Companies were worth $308,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Howard Capital Management Group LLC lifted its stake in TJX Companies by 42.9% during the 3rd quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock worth $27,208,000 after acquiring an additional 69,489 shares in the last quarter. Eagle Asset Management Inc. increased its stake in TJX Companies by 22.9% during the third quarter. Eagle Asset Management Inc. now owns 64,814 shares of the apparel and home fashions retailer’s stock worth $7,637,000 after purchasing an additional 12,059 shares during the period. Algert Global LLC boosted its stake in shares of TJX Companies by 842.0% in the third quarter. Algert Global LLC now owns 43,409 shares of the apparel and home fashions retailer’s stock valued at $5,102,000 after purchasing an additional 38,801 shares during the period. Centaurus Financial Inc. purchased a new stake in TJX Companies during the 3rd quarter worth approximately $101,000. Finally, Westfield Capital Management Co. LP lifted its holdings in TJX Companies by 1.7% during the 3rd quarter. Westfield Capital Management Co. LP now owns 70,408 shares of the apparel and home fashions retailer’s stock worth $8,276,000 after buying an additional 1,209 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TJX has been the topic of several research analyst reports. Morgan Stanley lifted their price target on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. UBS Group raised their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Robert W. Baird increased their target price on shares of TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Jefferies Financial Group raised their price target on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $145.00 price objective on shares of TJX Companies in a research note on Thursday, February 27th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $135.06.

TJX Companies Price Performance

TJX stock opened at $119.64 on Tuesday. The stock’s 50 day moving average price is $121.68 and its 200 day moving average price is $120.16. The firm has a market cap of $134.49 billion, a P/E ratio of 28.15, a PEG ratio of 2.75 and a beta of 0.96. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.07. The business had revenue of $16.35 billion for 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 expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of TJX Companies 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 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. The trade was a 4.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were 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 insiders.

TJX Companies 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.