TJX Companies Inc (TJX) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its holdings in TJX Companies Inc (NYSE:TJX) by 107.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 218,467 shares of the apparel and home fashions retailer’s stock after acquiring an additional 113,205 shares during the period. Commonwealth Equity Services LLC’s holdings in TJX Companies were worth $9,774,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Adirondack Trust Co. increased its position in TJX Companies by 100.0% during the 4th quarter. Adirondack Trust Co. now owns 580 shares of the apparel and home fashions retailer’s stock worth $26,000 after buying an additional 290 shares during the period. Westside Investment Management Inc. increased its position in TJX Companies by 100.0% during the 4th quarter. Westside Investment Management Inc. now owns 600 shares of the apparel and home fashions retailer’s stock worth $27,000 after buying an additional 300 shares during the period. Edge Wealth Management LLC increased its position in TJX Companies by 100.0% during the 4th quarter. Edge Wealth Management LLC now owns 650 shares of the apparel and home fashions retailer’s stock worth $29,000 after buying an additional 325 shares during the period. Sterling Investment Advisors Ltd. increased its position in shares of TJX Companies by 100.0% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 660 shares of the apparel and home fashions retailer’s stock worth $29,000 after purchasing an additional 330 shares during the period. Finally, Lenox Wealth Advisors LLC increased its position in shares of TJX Companies by 100.0% in the fourth quarter. Lenox Wealth Advisors LLC now owns 734 shares of the apparel and home fashions retailer’s stock worth $33,000 after purchasing an additional 367 shares during the period. Institutional investors and hedge funds own 88.77% of the company’s stock.

A number of research analysts recently commented on the company. Zacks Investment Research cut TJX Companies from a “buy” rating to a “hold” rating in a research report on Monday, February 11th. Telsey Advisory Group upgraded TJX Companies from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $51.00 to $56.00 in a research report on Thursday, January 31st. Barclays set a $55.00 price target on TJX Companies and gave the stock a “hold” rating in a research report on Wednesday, November 21st. Argus upgraded TJX Companies from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Thursday, November 29th. Finally, Royal Bank of Canada raised their price target on TJX Companies to $52.00 and gave the stock an “in-line” rating in a research report on Wednesday, November 21st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have assigned a buy rating to the company. TJX Companies presently has a consensus rating of “Buy” and an average price target of $55.06.

NYSE:TJX opened at $51.77 on Friday. The stock has a market capitalization of $63.84 billion, a P/E ratio of 24.54, a price-to-earnings-growth ratio of 1.83 and a beta of 0.66. The company has a current ratio of 1.53, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44. TJX Companies Inc has a twelve month low of $39.86 and a twelve month high of $56.64.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, February 27th. The apparel and home fashions retailer reported $0.68 earnings per share for the quarter, meeting the consensus estimate of $0.68. The business had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.01 billion. TJX Companies had a return on equity of 57.42% and a net margin of 7.85%. TJX Companies’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the firm posted $1.30 earnings per share. Equities analysts predict that TJX Companies Inc will post 2.61 EPS for the current fiscal year.

TJX Companies announced that its board has authorized a stock repurchase plan on Wednesday, February 27th that allows the company to repurchase $2.25 billion in outstanding shares. This repurchase authorization allows the apparel and home fashions retailer to purchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

In related news, Director Amy B. Lane sold 1,000 shares of the firm’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $51.79, for a total value of $51,790.00. Following the sale, the director now directly owns 31,092 shares of the company’s stock, valued at $1,610,254.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.20% of the company’s stock.

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TJX Companies Company Profile

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, accent furniture, lamps, rugs, wall d├ęcor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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