GC Wealth Management RIA LLC Reduces Stock Position in The TJX Companies, Inc. (NYSE:TJX)

GC Wealth Management RIA LLC lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 9.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,656 shares of the apparel and home fashions retailer's stock after selling 3,114 shares during the quarter. GC Wealth Management RIA LLC's holdings in TJX Companies were worth $3,583,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TJX. Bogart Wealth LLC bought a new position in shares of TJX Companies during the fourth quarter valued at approximately $25,000. Trivant Custom Portfolio Group LLC bought a new position in shares of TJX Companies during the fourth quarter valued at approximately $26,000. Capital Performance Advisors LLP bought a new position in shares of TJX Companies during the third quarter valued at approximately $29,000. Truvestments Capital LLC bought a new position in TJX Companies in the third quarter worth $29,000. Finally, Legacy Investment Solutions LLC bought a new position in TJX Companies in the third quarter worth $30,000. Institutional investors own 91.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TJX. StockNews.com downgraded TJX Companies from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Morgan Stanley increased their target price on TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. Telsey Advisory Group reissued an "outperform" rating and issued a $145.00 target price on shares of TJX Companies in a research note on Thursday, February 27th. Evercore ISI increased their target price on TJX Companies from $138.00 to $142.00 and gave the stock an "outperform" rating in a research note on Thursday, November 21st. Finally, BMO Capital Markets increased their target price on TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $135.06.

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TJX Companies Price Performance

TJX traded down $1.48 on Tuesday, hitting $116.13. 6,518,035 shares of the company's stock traded hands, compared to its average volume of 4,875,339. The firm has a market cap of $130.55 billion, a price-to-earnings ratio of 27.33, a P/E/G ratio of 2.75 and a beta of 0.96. The company's 50 day simple moving average is $122.61 and its 200-day simple moving average is $120.33. 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 one year low of $92.35 and a one year high of $128.00.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly 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 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, research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the completion of the transaction, the chief executive officer now owns 484,189 shares in the company, valued at $59,569,772.67. This trade represents a 4.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction that occurred on Thursday, February 27th. The stock was 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 company insiders.

TJX Companies Company 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.