Advisors Asset Management Inc. Acquires 3,765 Shares of The TJX Companies, Inc. (NYSE:TJX)

Advisors Asset Management Inc. grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 122,314 shares of the apparel and home fashions retailer’s stock after buying an additional 3,765 shares during the period. Advisors Asset Management Inc.’s holdings in TJX Companies were worth $14,777,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TJX. Flagship Wealth Advisors LLC bought a new stake in shares of TJX Companies during the fourth quarter valued at approximately $491,000. Curio Wealth LLC bought a new stake in shares of TJX Companies during the fourth quarter worth $909,000. Signaturefd LLC increased its position in shares of TJX Companies by 1.7% during the fourth quarter. Signaturefd LLC now owns 25,431 shares of the apparel and home fashions retailer’s stock worth $3,072,000 after acquiring an additional 431 shares in the last quarter. Parallel Advisors LLC increased its position in shares of TJX Companies by 1.3% during the fourth quarter. Parallel Advisors LLC now owns 132,716 shares of the apparel and home fashions retailer’s stock worth $16,034,000 after acquiring an additional 1,723 shares in the last quarter. Finally, Cibc World Markets Corp grew its position in TJX Companies by 16.0% in the fourth quarter. Cibc World Markets Corp now owns 177,951 shares of the apparel and home fashions retailer’s stock valued at $21,498,000 after purchasing an additional 24,561 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

Insider Activity at TJX Companies

In related news, 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 completion of 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 ownership of the stock. The transaction 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 the company’s 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 disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

TJX Companies Stock Up 1.1 %

Shares of TJX opened at $114.52 on Tuesday. The company has a market capitalization of $128.73 billion, a PE ratio of 26.94, 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. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The stock has a fifty day simple moving average of $122.05 and a two-hundred day simple moving average of $120.18.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data 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. The business had revenue of $16.35 billion during the quarter, compared to analysts’ expectations of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. As a group, equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of analyst reports. Telsey Advisory Group reissued an “outperform” rating and issued a $145.00 price objective on shares of TJX Companies in a research report on Thursday, February 27th. Guggenheim raised their target price on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Jefferies Financial Group lifted their price target on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Wells Fargo & Company boosted their target price 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. Finally, UBS Group upped their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $135.06.

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.