Ashton Thomas Private Wealth LLC Purchases 10,768 Shares of The TJX Companies, Inc. (NYSE:TJX)

Ashton Thomas Private Wealth LLC boosted its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 106.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,849 shares of the apparel and home fashions retailer's stock after purchasing an additional 10,768 shares during the period. Ashton Thomas Private Wealth LLC's holdings in TJX Companies were worth $2,519,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Bogart Wealth LLC bought a new position in TJX Companies during the fourth quarter valued at about $25,000. Trivant Custom Portfolio Group LLC bought a new position in TJX Companies during the fourth quarter valued at about $26,000. Capital Performance Advisors LLP bought a new position in TJX Companies during the third quarter valued at about $29,000. Truvestments Capital LLC bought a new position in TJX Companies during the third quarter valued at about $29,000. Finally, Legacy Investment Solutions LLC bought a new position in TJX Companies during the third quarter valued at about $30,000. Institutional investors and hedge funds own 91.09% of the company's stock.

Wall Street Analyst Weigh In

TJX has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price objective on TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. Evercore ISI lifted their price objective on TJX Companies from $138.00 to $142.00 and gave the stock an "outperform" rating in a research note on Thursday, November 21st. Wells Fargo & Company boosted their price target on TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a research note on Friday, January 10th. Telsey Advisory Group restated an "outperform" rating and set a $145.00 price target on shares of TJX Companies in a research note on Thursday, February 27th. Finally, Guggenheim boosted their price target on TJX Companies from $135.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $135.06.

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Insiders Place Their Bets

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ernie Herrman sold 23,428 shares of the company's stock in a transaction on 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 directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. This 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.

TJX Companies Price Performance

Shares of TJX traded down $1.47 on Friday, hitting $119.18. The company's stock had a trading volume of 6,230,022 shares, compared to its average volume of 4,864,261. The company has a market capitalization of $133.98 billion, a PE ratio of 28.04, a PEG ratio of 2.75 and a beta of 0.96. 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 company has a 50 day moving average price of $122.77 and a 200 day moving average price of $120.36.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping the consensus estimate of $1.16 by $0.07. The business had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. On average, research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Thursday, February 13th. TJX Companies's dividend payout ratio is 35.21%.

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.