Level Four Advisory Services LLC Buys 5,830 Shares of The TJX Companies, Inc. (NYSE:TJX)

Level Four Advisory Services LLC raised its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 8.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,978 shares of the apparel and home fashions retailer's stock after buying an additional 5,830 shares during the quarter. Level Four Advisory Services LLC's holdings in TJX Companies were worth $9,300,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the company'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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies 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 sale, the chief executive officer now directly owns 484,189 shares of the company's stock, valued at $59,569,772.67. This trade represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.13% of the company's stock.

Remove Ads

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Guggenheim boosted their price target on shares of TJX Companies from $135.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. UBS Group increased their target price on TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. StockNews.com upgraded TJX Companies from a "hold" rating to a "buy" rating in a research note on Thursday. Morgan Stanley increased their price objective on TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Finally, Wells Fargo & Company upped their price target on shares of TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Friday, January 10th. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $135.06.

TJX Companies Stock Performance

Shares of NYSE:TJX traded up $2.06 on Monday, hitting $120.27. The company's stock had a trading volume of 1,714,285 shares, compared to its average volume of 5,186,032. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. The company has a market capitalization of $135.20 billion, a price-to-earnings ratio of 28.33, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The stock's 50-day moving average is $121.61 and its two-hundred day moving average is $120.24. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $16.24 billion. On average, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

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.