Advisors Asset Management Inc. Has $14.78 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Advisors Asset Management Inc. raised its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 122,314 shares of the apparel and home fashions retailer's stock after acquiring an additional 3,765 shares during the period. Advisors Asset Management Inc.'s holdings in TJX Companies were worth $14,777,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TJX. Bogart Wealth LLC acquired a new stake in shares of TJX Companies during the 4th quarter worth $25,000. Trivant Custom Portfolio Group LLC acquired a new stake in TJX Companies in the 4th quarter valued at $26,000. Legacy Investment Solutions LLC purchased a new position in TJX Companies in the 3rd quarter valued at about $30,000. Truvestments Capital LLC purchased a new position in TJX Companies in the 3rd quarter valued at about $29,000. Finally, SOA Wealth Advisors LLC. purchased a new position in TJX Companies in the 4th quarter valued at about $30,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Alan M. Bennett sold 8,000 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 484,189 shares of the company's stock, 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.

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TJX Companies Stock Performance

TJX traded down $0.16 during trading on Friday, hitting $116.09. The stock had a trading volume of 7,150,649 shares, compared to its average volume of 4,883,016. The firm has a market cap of $130.51 billion, a PE ratio of 27.32, a P/E/G ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. 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 company has a 50 day simple moving average of $121.69 and a 200-day simple moving average of $120.12.

TJX Companies (NYSE:TJX - Get Free Report) last issued 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. The business had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. Analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Morgan Stanley increased their price target on shares of TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Robert W. Baird raised their price target on shares of TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Barclays raised their price objective on shares of TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. StockNews.com lowered shares of TJX Companies from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. Finally, TD Cowen raised their target price on shares of TJX Companies from $130.00 to $132.00 and gave the stock a "buy" rating in a report on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $135.06.

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.