Edgestream Partners L.P. Has $1.38 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Edgestream Partners L.P. cut its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 34.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,419 shares of the apparel and home fashions retailer's stock after selling 5,994 shares during the period. Edgestream Partners L.P.'s holdings in TJX Companies were worth $1,380,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC raised its stake in TJX Companies by 106.8% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 20,849 shares of the apparel and home fashions retailer's stock valued at $2,519,000 after acquiring an additional 10,768 shares during the last quarter. Callan Family Office LLC grew its position in shares of TJX Companies by 267.3% in the fourth quarter. Callan Family Office LLC now owns 9,036 shares of the apparel and home fashions retailer's stock valued at $1,092,000 after purchasing an additional 6,576 shares during the last quarter. EagleClaw Capital Managment LLC lifted its stake in TJX Companies by 0.7% in the 4th quarter. EagleClaw Capital Managment LLC now owns 67,605 shares of the apparel and home fashions retailer's stock valued at $8,167,000 after buying an additional 450 shares in the last quarter. Hartford Funds Management Co LLC grew its holdings in TJX Companies by 6.9% during the 4th quarter. Hartford Funds Management Co LLC now owns 19,159 shares of the apparel and home fashions retailer's stock valued at $2,315,000 after buying an additional 1,233 shares during the last quarter. Finally, Chatham Capital Group Inc. increased its position in TJX Companies by 0.6% during the fourth quarter. Chatham Capital Group Inc. now owns 29,814 shares of the apparel and home fashions retailer's stock worth $3,602,000 after buying an additional 165 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

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Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the 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 $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Price Performance

Shares of TJX Companies stock traded up $0.03 during trading on Wednesday, hitting $116.15. The stock had a trading volume of 1,632,829 shares, compared to its average volume of 4,861,180. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week 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. The firm has a market cap of $130.57 billion, a P/E ratio of 27.34, a PEG ratio of 2.75 and a beta of 0.96. The business has a fifty day moving average of $122.61 and a two-hundred day moving average of $120.33.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping analysts' consensus estimates of $1.16 by $0.07. The firm had revenue of $16.35 billion for 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%. On average, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TJX. Robert W. Baird boosted their target price 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 increased their target price on TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Jefferies Financial Group upped their price target on TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. TD Cowen increased their target price on shares of TJX Companies from $130.00 to $132.00 and gave the stock a "buy" rating in a research report on Friday, November 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on TJX Companies from $130.00 to $131.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $135.06.

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.