Signature Wealth Management Group Boosts Stake in The TJX Companies, Inc. (NYSE:TJX)

Signature Wealth Management Group grew its stake in The TJX Companies, Inc. (NYSE:TJX) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,480 shares of the apparel and home fashions retailer’s stock after buying an additional 528 shares during the period. Signature Wealth Management Group’s holdings in TJX Companies were worth $1,508,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its stake in shares of TJX Companies by 1.7% in the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer’s stock worth $603,000 after acquiring an additional 84 shares during the period. Nwam LLC increased its stake in shares of TJX Companies by 2.0% in the fourth quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer’s stock worth $524,000 after acquiring an additional 84 shares during the period. Hartford Funds Management Co LLC increased its stake in shares of TJX Companies by 0.5% in the third quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer’s stock worth $2,107,000 after acquiring an additional 86 shares during the period. Signature Estate & Investment Advisors LLC increased its stake in shares of TJX Companies by 3.4% in the third quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer’s stock worth $318,000 after acquiring an additional 90 shares during the period. Finally, Hamilton Capital LLC increased its stake in shares of TJX Companies by 3.9% in the third quarter. Hamilton Capital LLC now owns 2,413 shares of the apparel and home fashions retailer’s stock worth $273,000 after acquiring an additional 90 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Performance

NYSE:TJX opened at $113.27 on Friday. The company’s 50-day moving average price is $122.18 and its 200-day moving average price is $120.20. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The company has a market cap of $127.34 billion, a P/E ratio of 26.65, a P/E/G ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00.

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

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of TJX Companies 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 transaction, the chief executive officer now directly owns 484,189 shares of the company’s stock, valued at $59,569,772.67. The trade was a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TJX. Guggenheim increased their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Jefferies Financial Group raised their price target 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. TD Cowen raised their price target on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Morgan Stanley raised their price target on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Finally, StockNews.com lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.06.

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.