GC Wealth Management RIA LLC Has $3.58 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

GC Wealth Management RIA LLC cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 9.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 29,656 shares of the apparel and home fashions retailer’s stock after selling 3,114 shares during the quarter. GC Wealth Management RIA LLC’s holdings in TJX Companies were worth $3,583,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. King Luther Capital Management Corp increased its position in shares of TJX Companies by 21.0% during the fourth quarter. King Luther Capital Management Corp now owns 56,773 shares of the apparel and home fashions retailer’s stock valued at $6,859,000 after purchasing an additional 9,870 shares during the period. Citizens Financial Group Inc. RI increased its position in shares of TJX Companies by 5.7% during the fourth quarter. Citizens Financial Group Inc. RI now owns 125,595 shares of the apparel and home fashions retailer’s stock valued at $15,173,000 after purchasing an additional 6,777 shares during the period. Sage Mountain Advisors LLC increased its position in shares of TJX Companies by 4.3% during the fourth quarter. Sage Mountain Advisors LLC now owns 7,760 shares of the apparel and home fashions retailer’s stock valued at $937,000 after purchasing an additional 319 shares during the period. Vista Investment Partners II LLC bought a new stake in shares of TJX Companies during the fourth quarter valued at approximately $2,858,000. Finally, Tortoise Investment Management LLC increased its position in shares of TJX Companies by 42.1% during the fourth quarter. Tortoise Investment Management LLC now owns 1,404 shares of the apparel and home fashions retailer’s stock valued at $170,000 after purchasing an additional 416 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction dated 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 directly owns 484,189 shares in the company, valued at $59,569,772.67. The trade was a 4.62 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TJX shares. Guggenheim upped their price target on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Morgan Stanley upped their price target on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Telsey Advisory Group reiterated an “outperform” rating and issued a $145.00 price target on shares of TJX Companies in a research report on Thursday, February 27th. Wells Fargo & Company upped their price target on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Finally, Barclays upped their price target on TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and a consensus price target of $135.06.

TJX Companies Trading Down 1.6 %

Shares of TJX opened at $117.40 on Tuesday. 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. The firm has a market capitalization of $131.97 billion, a PE ratio of 27.62, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The stock’s fifty day simple moving average is $122.70 and its 200-day simple moving average is $120.35.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating 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. As a group, research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

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.