Maridea Wealth Management LLC Makes New $333,000 Investment in The TJX Companies, Inc. (NYSE:TJX)

Maridea Wealth Management LLC bought a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,759 shares of the apparel and home fashions retailer's stock, valued at approximately $333,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Congress Asset Management Co. increased its position in TJX Companies by 1.1% during the fourth quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer's stock valued at $148,456,000 after acquiring an additional 13,036 shares during the last quarter. Atlas Legacy Advisors LLC purchased a new stake in shares of TJX Companies during the 4th quarter valued at about $433,000. BLB&B Advisors LLC lifted its stake in shares of TJX Companies by 2.8% in the 4th quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer's stock worth $9,795,000 after purchasing an additional 2,201 shares during the period. Empowered Funds LLC boosted its holdings in shares of TJX Companies by 12.1% in the fourth quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer's stock worth $4,130,000 after buying an additional 3,691 shares during the last quarter. Finally, Boyd Watterson Asset Management LLC OH bought a new stake in TJX Companies during the fourth quarter valued at approximately $604,000. Institutional investors own 91.09% of the company's stock.

Insider Buying and Selling

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $2,882,346.84. Following the completion of the sale, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

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TJX Companies Price Performance

Shares of TJX Companies stock traded up $3.69 during trading on Monday, reaching $121.90. 6,828,750 shares of the stock traded hands, compared to its average volume of 5,205,972. 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 company has a market capitalization of $137.03 billion, a price-to-earnings ratio of 28.68, a P/E/G ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The business has a fifty day simple moving average of $121.61 and a two-hundred day simple moving average of $120.24.

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%. Sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Morgan Stanley lifted their price target on shares of TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. BMO Capital Markets lifted their target price on TJX Companies from $133.00 to $145.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Telsey Advisory Group restated an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a research report on Thursday, February 27th. Wells Fargo & Company lifted their price objective on TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a research report on Friday, January 10th. Finally, Guggenheim raised their target price 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. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $135.06.

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.