New Age Alpha Advisors LLC Boosts Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

New Age Alpha Advisors LLC raised its holdings in The TJX Companies, Inc. (NYSE:TJX) by 27,679.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 46,391 shares of the apparel and home fashions retailer’s stock after purchasing an additional 46,224 shares during the quarter. New Age Alpha Advisors LLC’s holdings in TJX Companies were worth $5,604,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TJX. Bogart Wealth LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at about $25,000. Trivant Custom Portfolio Group LLC purchased a new position in TJX Companies in the fourth quarter valued at about $26,000. Legacy Investment Solutions LLC acquired a new stake in shares of TJX Companies during the 3rd quarter valued at approximately $30,000. Truvestments Capital LLC purchased a new stake in shares of TJX Companies during the 3rd quarter worth approximately $29,000. Finally, SOA Wealth Advisors LLC. acquired a new stake in shares of TJX Companies in the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. UBS Group lifted their price objective on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Barclays lifted their price target on TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. BMO Capital Markets increased their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Telsey Advisory Group restated an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a research report on Thursday, February 27th. Finally, Jefferies Financial Group increased their price target on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.06.

TJX Companies Stock Performance

NYSE TJX opened at $118.06 on Friday. The business’s 50-day moving average price is $121.61 and its 200 day moving average price is $120.20. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. The company has a market capitalization of $132.72 billion, a PE ratio of 27.78, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96.

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 (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $16.35 billion for the quarter, compared to analysts’ expectations of $16.24 billion. On average, research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Insider Buying and Selling at TJX Companies

In related news, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the sale, the chief executive officer now owns 484,189 shares of the company’s stock, valued at $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by company 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.