Sciencast Management LP Increases Position in The TJX Companies, Inc. (NYSE:TJX)

Sciencast Management LP boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 114.2% in the fourth quarter, HoldingsChannel reports. The firm owned 25,218 shares of the apparel and home fashions retailer’s stock after purchasing an additional 13,443 shares during the quarter. TJX Companies makes up approximately 0.8% of Sciencast Management LP’s holdings, making the stock its 7th largest holding. Sciencast Management LP’s holdings in TJX Companies were worth $3,047,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Bogart Wealth LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at approximately $25,000. Trivant Custom Portfolio Group LLC acquired a new stake in TJX Companies in the 4th quarter valued at approximately $26,000. Truvestments Capital LLC acquired a new stake in TJX Companies in the 3rd quarter valued at approximately $29,000. Legacy Investment Solutions LLC bought a new stake in TJX Companies during the 3rd quarter valued at $30,000. Finally, SOA Wealth Advisors LLC. acquired a new position in TJX Companies during the 4th quarter worth $30,000. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Trading Down 0.1 %

Shares of NYSE TJX opened at $116.09 on Friday. 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 12 month low of $92.35 and a 12 month high of $128.00. The company has a market cap of $130.51 billion, a price-to-earnings ratio of 27.32, a P/E/G ratio of 2.75 and a beta of 0.96. The business has a fifty day simple moving average of $121.69 and a 200-day simple moving average of $120.12.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating 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%. Sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Robert W. Baird raised their price target on TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Guggenheim boosted their price target on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. UBS Group increased their price objective 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. Morgan Stanley raised their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Finally, Barclays upped their target price on TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a research 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 MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.06.

Insider Buying and Selling

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 transaction of $2,882,346.84. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the firm’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.

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.