The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC boosted its position in The TJX Companies, Inc. (NYSE:TJX) by 31.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 67,853 shares of the apparel and home fashions retailer’s stock after purchasing an additional 16,175 shares during the quarter. NEOS Investment Management LLC’s holdings in TJX Companies were worth $8,197,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Congress Asset Management Co. raised its position in shares of TJX Companies by 1.1% in the fourth quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer’s stock valued at $148,456,000 after buying an additional 13,036 shares during the last quarter. Atlas Legacy Advisors LLC acquired a new stake in TJX Companies in the 4th quarter valued at about $433,000. BLB&B Advisors LLC raised its holdings in TJX Companies by 2.8% in the 4th quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer’s stock valued at $9,795,000 after acquiring an additional 2,201 shares during the last quarter. Empowered Funds LLC lifted its stake in TJX Companies by 12.1% in the 4th quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer’s stock worth $4,130,000 after purchasing an additional 3,691 shares in the last quarter. Finally, Boyd Watterson Asset Management LLC OH acquired a new position in shares of TJX Companies during the 4th quarter worth approximately $604,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of TJX opened at $119.66 on Thursday. The firm’s 50 day moving average price is $121.71 and its 200 day moving average price is $120.19. The company has a market cap of $134.51 billion, a P/E ratio of 28.15, a PEG 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 fifty-two week low of $92.35 and a fifty-two week high of $128.00.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. On average, research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TJX has been the subject of several recent research reports. Barclays increased their price target on TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. UBS Group increased their price objective on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Guggenheim lifted their target price on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Morgan Stanley increased their price target on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Finally, BMO Capital Markets raised their price objective on TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and a consensus price target of $135.06.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were 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 owns 484,189 shares in the company, valued at $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the business’s 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 disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

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.