Sfmg LLC Sells 118 Shares of The TJX Companies, Inc. (NYSE:TJX)

Sfmg LLC decreased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 8,683 shares of the apparel and home fashions retailer’s stock after selling 118 shares during the quarter. Sfmg LLC’s holdings in TJX Companies were worth $1,049,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bogart Wealth LLC bought a new stake in shares of TJX Companies during the 4th quarter valued at $25,000. Trivant Custom Portfolio Group LLC bought a new stake in shares of TJX Companies during the 4th quarter valued at $26,000. Legacy Investment Solutions LLC bought a new stake in shares of TJX Companies during the 3rd quarter valued at $30,000. Truvestments Capital LLC bought a new stake in shares of TJX Companies during the 3rd quarter valued at $29,000. Finally, SOA Wealth Advisors LLC. bought a new stake in shares of TJX Companies during the 4th quarter valued at $30,000. Institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on TJX shares. Jefferies Financial Group upped their target price on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Wells Fargo & Company upped 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. Telsey Advisory Group restated an “outperform” rating and issued a $145.00 price objective on shares of TJX Companies in a research report on Thursday, February 27th. Barclays upped 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, BMO Capital Markets upped their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $135.06.

TJX Companies Trading Down 0.1 %

Shares of NYSE:TJX opened at $116.09 on Friday. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The company has a market capitalization of $130.51 billion, a P/E ratio of 27.32, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The company has a 50-day simple moving average of $121.69 and a 200 day simple moving average of $120.12. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX) 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 business had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. Sell-side 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 value of $988,240.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 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 disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

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.