Xponance Inc. Increases Stake in The TJX Companies, Inc. (NYSE:TJX)

Xponance Inc. lifted its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 228,587 shares of the apparel and home fashions retailer's stock after buying an additional 5,593 shares during the quarter. Xponance Inc.'s holdings in TJX Companies were worth $27,616,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Bogart Wealth LLC bought a new stake in TJX Companies in the fourth quarter worth $25,000. Trivant Custom Portfolio Group LLC bought a new stake in TJX Companies in the fourth quarter worth $26,000. Truvestments Capital LLC bought a new stake in TJX Companies in the third quarter worth $29,000. Legacy Investment Solutions LLC bought a new stake in TJX Companies in the third quarter worth $30,000. Finally, SOA Wealth Advisors LLC. bought a new stake in TJX Companies in the fourth quarter worth $30,000. Hedge funds and other institutional investors own 91.09% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on TJX. BMO Capital Markets boosted their price target 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 price objective on shares of TJX Companies from $135.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Robert W. Baird boosted their price objective on shares of TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Barclays boosted their price objective on shares of TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Finally, Wells Fargo & Company boosted their price objective 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 investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $135.06.

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TJX Companies Stock Down 0.1 %

NYSE:TJX traded down $0.16 during mid-day trading on Friday, reaching $116.09. The company's stock had a trading volume of 7,150,649 shares, compared to its average volume of 4,883,016. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The stock has a fifty day moving average of $121.69 and a 200-day moving average of $120.12. The firm has a market capitalization of $130.51 billion, a PE ratio of 27.32, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping analysts' consensus estimates of $1.16 by $0.07. The company had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. Equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

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 shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $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. Insiders own 0.13% of the company's stock.

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.