The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Homestead Advisers Corp

Homestead Advisers Corp raised its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 565,000 shares of the apparel and home fashions retailer's stock after purchasing an additional 21,200 shares during the quarter. TJX Companies accounts for 1.6% of Homestead Advisers Corp's investment portfolio, making the stock its 29th biggest holding. Homestead Advisers Corp owned about 0.05% of TJX Companies worth $68,258,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Bogart Wealth LLC acquired a new position in TJX Companies during the 4th quarter worth approximately $25,000. Trivant Custom Portfolio Group LLC purchased a new stake in shares of TJX Companies in the fourth quarter valued at approximately $26,000. Legacy Investment Solutions LLC acquired a new position in TJX Companies during the third quarter worth $30,000. Truvestments Capital LLC purchased a new position in TJX Companies in the third quarter worth $29,000. Finally, SOA Wealth Advisors LLC. acquired a new stake in TJX Companies in the fourth quarter valued at $30,000. Institutional investors and hedge funds own 91.09% of the company's stock.

Analysts Set New Price Targets

TJX has been the topic of several research analyst reports. Barclays boosted 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 raised their price target on shares of TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. UBS Group boosted their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research report on Friday, January 10th. StockNews.com upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Thursday. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a report on Thursday, February 27th. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $135.06.

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Insider Activity

In related news, CEO Ernie Herrman sold 23,428 shares of the business'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 transaction, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Alan M. Bennett sold 8,000 shares of the firm'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 value of $988,240.00. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

TJX Companies Trading Down 2.1 %

TJX stock traded down $2.51 during midday trading on Friday, reaching $118.06. 3,742,276 shares of the company's stock traded hands, compared to its average volume of 5,199,483. 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 TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The business has a 50-day moving average price of $121.61 and a two-hundred day moving average price of $120.22. The company has a market capitalization of $132.72 billion, a P/E ratio of 27.78, a PEG ratio of 2.75 and a beta of 0.96.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating the consensus estimate of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. Equities research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

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.