The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by Front Row Advisors LLC

Front Row Advisors LLC raised its holdings in The TJX Companies, Inc. (NYSE:TJX) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,041 shares of the apparel and home fashions retailer’s stock after purchasing an additional 157 shares during the quarter. TJX Companies comprises approximately 1.5% of Front Row Advisors LLC’s portfolio, making the stock its 13th largest holding. Front Row Advisors LLC’s holdings in TJX Companies were worth $4,233,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of TJX Companies by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer’s stock worth $11,998,201,000 after acquiring an additional 578,948 shares during the period. State Street Corp raised its stake in shares of TJX Companies by 1.0% during the 3rd quarter. State Street Corp now owns 47,556,435 shares of the apparel and home fashions retailer’s stock worth $5,589,783,000 after buying an additional 469,287 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of TJX Companies by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer’s stock valued at $2,930,965,000 after buying an additional 464,995 shares during the period. Norges Bank purchased a new stake in shares of TJX Companies in the fourth quarter valued at approximately $1,670,565,000. Finally, Franklin Resources Inc. boosted its stake in shares of TJX Companies by 9.9% in the third quarter. Franklin Resources Inc. now owns 7,271,499 shares of the apparel and home fashions retailer’s stock valued at $837,951,000 after buying an additional 657,529 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the completion of 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 disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $145.00 price objective on shares of TJX Companies in a research report on Thursday, February 27th. Barclays boosted their price objective on shares of TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. BMO Capital Markets increased their target price on shares of TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Jefferies Financial Group boosted their price target on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Wells Fargo & Company raised their price objective on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.06.

TJX Companies Stock Performance

Shares of TJX opened at $121.90 on Tuesday. The firm has a market cap of $137.03 billion, a price-to-earnings ratio of 28.68, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The company’s fifty day moving average is $121.61 and its 200-day moving average is $120.26. 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 TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00.

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, beating analysts’ consensus estimates of $1.16 by $0.07. The business had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. Equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

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.