2,207 Shares in The TJX Companies, Inc. (NYSE:TJX) Acquired by Austin Private Wealth LLC

Austin Private Wealth LLC acquired a new stake in The TJX Companies, Inc. (NYSE:TJX) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 2,207 shares of the apparel and home fashions retailer’s stock, valued at approximately $207,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in TJX. Vanguard Group Inc. boosted its holdings in TJX Companies by 0.4% in the third quarter. Vanguard Group Inc. now owns 95,135,688 shares of the apparel and home fashions retailer’s stock valued at $8,455,660,000 after acquiring an additional 392,783 shares during the last quarter. FMR LLC lifted its position in TJX Companies by 13.1% during the 3rd quarter. FMR LLC now owns 52,008,484 shares of the apparel and home fashions retailer’s stock valued at $4,622,514,000 after purchasing an additional 6,036,764 shares during the period. State Street Corp boosted its stake in shares of TJX Companies by 4.5% in the 2nd quarter. State Street Corp now owns 46,543,024 shares of the apparel and home fashions retailer’s stock valued at $3,946,383,000 after purchasing an additional 1,990,407 shares during the last quarter. Morgan Stanley grew its position in shares of TJX Companies by 88.1% during the 4th quarter. Morgan Stanley now owns 26,619,778 shares of the apparel and home fashions retailer’s stock worth $2,118,935,000 after buying an additional 12,468,119 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of TJX Companies by 1.0% during the 1st quarter. Geode Capital Management LLC now owns 20,891,507 shares of the apparel and home fashions retailer’s stock worth $1,632,900,000 after buying an additional 209,152 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $98.83, for a total value of $266,248.02. Following the completion of the transaction, the executive vice president now owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the completion of the sale, the chief executive officer now owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Louise Greenlees sold 2,694 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the completion of the sale, the executive vice president now owns 50,273 shares in the company, valued at $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TJX shares. Redburn Atlantic cut shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective on the stock. in a research note on Monday, February 5th. UBS Group raised their price target on TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. BMO Capital Markets lifted their price objective on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $105.00 target price on shares of TJX Companies in a research note on Wednesday, February 28th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.19.

TJX Companies Stock Up 0.3 %

Shares of TJX Companies stock traded up $0.34 on Thursday, hitting $101.42. The company had a trading volume of 4,774,144 shares, compared to its average volume of 5,062,317. The stock has a 50-day moving average of $97.61 and a 200-day moving average of $92.94. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.21 and a quick ratio of 0.64. The TJX Companies, Inc. has a twelve month low of $75.65 and a twelve month high of $102.84. The firm has a market capitalization of $114.97 billion, a P/E ratio of 26.30, a P/E/G ratio of 2.56 and a beta of 0.86.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The firm had revenue of $16.41 billion during the quarter, compared to analyst estimates of $16.20 billion. During the same period in the prior year, the business earned $0.89 EPS. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. Research analysts predict that The TJX Companies, Inc. will post 4.06 earnings per share for the current year.

TJX Companies declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 28th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the apparel and home fashions retailer to repurchase up to 2.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

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.