Magnetar Financial LLC Sells 6,795 Shares of The TJX Companies, Inc. (NYSE:TJX)

Magnetar Financial LLC trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 22.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,666 shares of the apparel and home fashions retailer's stock after selling 6,795 shares during the period. Magnetar Financial LLC's holdings in TJX Companies were worth $2,859,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Bogart Wealth LLC bought a new position in TJX Companies in the fourth quarter worth $25,000. Trivant Custom Portfolio Group LLC bought a new position in shares of TJX Companies during the 4th quarter worth about $26,000. Truvestments Capital LLC bought a new stake in TJX Companies in the third quarter valued at about $29,000. Legacy Investment Solutions LLC bought a new stake in TJX Companies in the third quarter valued at about $30,000. Finally, SOA Wealth Advisors LLC. acquired a new position in TJX Companies in the fourth quarter worth about $30,000. Institutional investors and hedge funds own 91.09% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on TJX. Jefferies Financial Group upped 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. Robert W. Baird increased their price objective on TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. UBS Group boosted their target price on shares of TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research note on Friday, January 10th. BMO Capital Markets increased 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. Finally, Wells Fargo & Company boosted their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a research report on Friday, January 10th. Three 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, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $135.06.

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Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the business's stock in a transaction dated 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 owns 484,189 shares of the company's stock, valued at $59,569,772.67. The trade was a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company's stock.

TJX Companies Trading Up 3.0 %

TJX Companies stock traded up $3.52 during mid-day trading on Monday, hitting $119.64. The stock had a trading volume of 4,314,501 shares, compared to its average volume of 4,879,279. The stock has a 50-day simple moving average of $121.68 and a two-hundred day simple moving average of $120.16. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $134.49 billion, a PE ratio of 28.15, a P/E/G ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. As a group, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

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.