AlphaQuest LLC Has $2.25 Million Position in The TJX Companies, Inc. (NYSE:TJX)

AlphaQuest LLC reduced its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 31.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,647 shares of the apparel and home fashions retailer's stock after selling 8,555 shares during the quarter. AlphaQuest LLC's holdings in TJX Companies were worth $2,253,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC increased its position in TJX Companies by 42.9% during the third quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer's stock worth $27,208,000 after buying an additional 69,489 shares during the last quarter. Kornitzer Capital Management Inc. KS increased its holdings in shares of TJX Companies by 15.1% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 12,172 shares of the apparel and home fashions retailer's stock worth $1,431,000 after acquiring an additional 1,595 shares during the last quarter. Portside Wealth Group LLC lifted its holdings in TJX Companies by 18.1% during the 3rd quarter. Portside Wealth Group LLC now owns 2,176 shares of the apparel and home fashions retailer's stock valued at $256,000 after purchasing an additional 334 shares during the last quarter. TFB Advisors LLC lifted its holdings in TJX Companies by 4.2% during the 3rd quarter. TFB Advisors LLC now owns 3,209 shares of the apparel and home fashions retailer's stock valued at $377,000 after purchasing an additional 129 shares during the last quarter. Finally, AIA Group Ltd boosted its position in TJX Companies by 2.2% during the third quarter. AIA Group Ltd now owns 17,668 shares of the apparel and home fashions retailer's stock worth $2,077,000 after purchasing an additional 376 shares during the period. Institutional investors and hedge funds own 91.09% of the company's stock.

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Analysts Set New Price Targets

TJX has been the topic of several research analyst reports. TD Cowen increased their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the company a "buy" rating in a research report on Friday, November 22nd. UBS Group increased their price target on shares of TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a report on Friday, January 10th. BMO Capital Markets boosted their price objective on TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Barclays upped their target price on TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Finally, Robert W. Baird lifted their price target on TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $135.06.

TJX Companies Price Performance

Shares of NYSE:TJX traded down $1.48 during trading on Tuesday, reaching $116.13. 4,738,448 shares of the company traded hands, compared to its average volume of 4,872,155. 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 TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The firm 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 company's 50 day moving average is $122.70 and its two-hundred day moving average is $120.35.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $16.35 billion during the quarter, compared to analysts' expectations of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the firm'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 sale, the chief executive officer now owns 484,189 shares of the company's stock, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

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.