NEOS Investment Management LLC Increases Stake in The TJX Companies, Inc. (NYSE:TJX)

NEOS Investment Management LLC raised its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 31.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 67,853 shares of the apparel and home fashions retailer's stock after purchasing an additional 16,175 shares during the quarter. NEOS Investment Management LLC's holdings in TJX Companies were worth $8,197,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In related news, Director Alan M. Bennett sold 8,000 shares of the business's 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 SEC, which is accessible through this link. Also, CEO Ernie Herrman sold 23,428 shares of the company's 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 in the company, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company's stock.

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TJX Companies Price Performance

Shares of NYSE TJX traded down $2.51 during mid-day trading on Friday, reaching $118.06. The company's stock had a trading volume of 3,742,276 shares, compared to its average volume of 5,199,483. The stock has a fifty day moving average of $121.61 and a two-hundred day moving average of $120.22. The firm has a market capitalization of $132.72 billion, a PE ratio of 27.78, 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 company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

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 for the quarter, topping the consensus estimate of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Jefferies Financial Group lifted their price target on shares of TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. BMO Capital Markets lifted their target price on shares of TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Guggenheim boosted their target price on shares of TJX Companies from $135.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Morgan Stanley raised their price target on TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. Finally, UBS Group increased their target price on TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a report on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $135.06.

About TJX Companies

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.