Envestnet Portfolio Solutions Inc. Has $15.52 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Envestnet Portfolio Solutions Inc. reduced its stake in The TJX Companies, Inc. (NYSE:TJX) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 128,487 shares of the apparel and home fashions retailer’s stock after selling 5,372 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in TJX Companies were worth $15,523,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its stake in TJX Companies by 1.7% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer’s stock worth $603,000 after buying an additional 84 shares during the last quarter. Nwam LLC grew its position in TJX Companies by 2.0% during the 4th quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer’s stock worth $524,000 after acquiring an additional 84 shares during the last quarter. Hartford Funds Management Co LLC grew its position in TJX Companies by 0.5% during the 3rd quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer’s stock worth $2,107,000 after acquiring an additional 86 shares during the last quarter. Signature Estate & Investment Advisors LLC increased its holdings in TJX Companies by 3.4% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer’s stock valued at $318,000 after purchasing an additional 90 shares in the last quarter. Finally, Hamilton Capital LLC raised its position in TJX Companies by 3.9% in the 3rd quarter. Hamilton Capital LLC now owns 2,413 shares of the apparel and home fashions retailer’s stock valued at $273,000 after purchasing an additional 90 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Up 0.4 %

Shares of NYSE TJX opened at $113.27 on Monday. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. The stock has a market cap of $127.34 billion, a price-to-earnings ratio of 26.65, a P/E/G ratio of 2.75 and a beta of 0.96. 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 company’s fifty day moving average is $122.18 and its 200-day moving average is $120.20.

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 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. Equities research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Analysts Set New Price Targets

TJX has been the subject of a number of research analyst reports. Robert W. Baird lifted their price target on TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. UBS Group upped their target price 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. BMO Capital Markets raised their price target 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. Morgan Stanley upped their price objective on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Finally, Barclays lifted their target price on TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.06.

Insider Activity at TJX Companies

In other news, 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is owned by 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.