Sound View Wealth Advisors Group LLC Raises Position in The TJX Companies, Inc. (NYSE:TJX)

Sound View Wealth Advisors Group LLC raised its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 23.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,509 shares of the apparel and home fashions retailer's stock after purchasing an additional 3,327 shares during the quarter. Sound View Wealth Advisors Group LLC's holdings in TJX Companies were worth $2,115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Argentarii LLC bought a new stake in TJX Companies in the 4th quarter valued at about $412,000. Coordinated Financial Services Inc. bought a new position in TJX Companies in the 4th quarter worth approximately $293,000. Personal CFO Solutions LLC raised its holdings in TJX Companies by 2.6% during the 4th quarter. Personal CFO Solutions LLC now owns 4,888 shares of the apparel and home fashions retailer's stock valued at $591,000 after acquiring an additional 126 shares during the period. Dorsey & Whitney Trust CO LLC lifted its position in shares of TJX Companies by 2.0% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 9,103 shares of the apparel and home fashions retailer's stock worth $1,100,000 after acquiring an additional 177 shares in the last quarter. Finally, Arjuna Capital boosted its holdings in shares of TJX Companies by 101.8% in the fourth quarter. Arjuna Capital now owns 29,734 shares of the apparel and home fashions retailer's stock worth $3,592,000 after acquiring an additional 14,999 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

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TJX Companies Price Performance

Shares of TJX Companies stock traded down $1.48 during mid-day trading on Tuesday, reaching $116.13. 6,411,151 shares of the stock traded hands, compared to its average volume of 4,872,174. The business has a 50-day moving average of $122.70 and a 200 day moving average of $120.35. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $130.55 billion, a PE ratio of 27.33, a PEG ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. On average, analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Insider Activity at TJX Companies

In other news, 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 completion of the sale, the chief executive officer now directly owns 484,189 shares of the company's stock, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the company's stock in a transaction dated 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.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TJX shares. Morgan Stanley upped their price target on shares of TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. Guggenheim upped their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Telsey Advisory Group reaffirmed an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a report on Thursday, February 27th. Finally, Robert W. Baird lifted their price objective on TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $135.06.

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.