The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Tower Wealth Partners Inc.

Tower Wealth Partners Inc. lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 55.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,325 shares of the apparel and home fashions retailer’s stock after acquiring an additional 1,188 shares during the quarter. Tower Wealth Partners Inc.’s holdings in TJX Companies were worth $402,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TJX. Daiwa Securities Group Inc. raised its stake in shares of TJX Companies by 2.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 172,357 shares of the apparel and home fashions retailer’s stock valued at $20,823,000 after acquiring an additional 4,932 shares during the period. Moran Wealth Management LLC increased its holdings in TJX Companies by 2.8% in the 4th quarter. Moran Wealth Management LLC now owns 5,735 shares of the apparel and home fashions retailer’s stock valued at $693,000 after purchasing an additional 154 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in TJX Companies by 6.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 243,837 shares of the apparel and home fashions retailer’s stock valued at $29,458,000 after purchasing an additional 14,004 shares during the period. Simplicity Wealth LLC acquired a new position in TJX Companies during the fourth quarter worth $222,000. Finally, Sound View Wealth Advisors Group LLC boosted its position in shares of TJX Companies by 23.5% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 17,509 shares of the apparel and home fashions retailer’s stock worth $2,115,000 after buying an additional 3,327 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on TJX. StockNews.com downgraded TJX Companies from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. UBS Group boosted their price target on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. TD Cowen raised their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Robert W. Baird upped 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. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $135.06.

TJX Companies Stock Performance

NYSE TJX opened at $119.18 on Monday. The company has a fifty day moving average of $122.77 and a two-hundred day moving average of $120.37. The company has a market capitalization of $133.98 billion, a PE ratio of 28.04, a P/E/G ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

TJX Companies (NYSE:TJX) last announced 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 firm had revenue of $16.35 billion during the quarter, compared to analysts’ expectations of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. As a group, analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the firm’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 transaction, the chief executive officer now directly owns 484,189 shares of the company’s stock, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the company’s 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 disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

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.