The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by RWA Wealth Partners LLC

RWA Wealth Partners LLC raised its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 256,435 shares of the apparel and home fashions retailer's stock after purchasing an additional 7,702 shares during the period. RWA Wealth Partners LLC's holdings in TJX Companies were worth $30,980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in TJX. Portland Global Advisors LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at $207,000. Schroder Investment Management Group lifted its holdings in shares of TJX Companies by 2.6% during the fourth quarter. Schroder Investment Management Group now owns 4,464,403 shares of the apparel and home fashions retailer's stock worth $539,345,000 after purchasing an additional 115,159 shares during the period. MV Capital Management Inc. boosted its position in TJX Companies by 0.4% in the fourth quarter. MV Capital Management Inc. now owns 31,208 shares of the apparel and home fashions retailer's stock valued at $3,770,000 after buying an additional 109 shares during the last quarter. Allianz SE acquired a new position in TJX Companies in the 4th quarter worth approximately $334,000. Finally, Cambridge Financial Group Inc. purchased a new position in TJX Companies during the 4th quarter worth approximately $8,969,000. 91.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TJX shares. Barclays increased their price objective on shares of TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Jefferies Financial Group lifted their price objective on TJX Companies from $140.00 to $145.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. UBS Group boosted their price objective on TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a report on Friday, January 10th. Guggenheim raised their target price on TJX Companies from $135.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Finally, Morgan Stanley upped 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. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, TJX Companies currently has a consensus rating of "Moderate Buy" and a consensus price target of $135.06.

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TJX Companies Price Performance

TJX stock traded up $3.69 during trading on Monday, hitting $121.90. The stock had a trading volume of 6,828,750 shares, compared to its average volume of 5,205,972. The company's 50-day moving average price is $121.61 and its two-hundred day moving average price is $120.24. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month 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 stock has a market capitalization of $137.03 billion, a P/E ratio of 28.68, a PEG ratio of 2.75 and a beta of 0.96.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.07. The firm had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. As a group, research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

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.