Momentous Wealth Management Inc. Invests $215,000 in The TJX Companies, Inc. (NYSE:TJX)

Momentous Wealth Management Inc. bought a new position in The TJX Companies, Inc. (NYSE:TJX) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,781 shares of the apparel and home fashions retailer’s stock, valued at approximately $215,000.

Other hedge funds have also recently made changes to their positions in the company. Bogart Wealth LLC purchased a new stake in shares of TJX Companies during the fourth quarter worth $25,000. Trivant Custom Portfolio Group LLC bought a new position in TJX Companies in the 4th quarter worth about $26,000. Truvestments Capital LLC bought a new stake in shares of TJX Companies during the 3rd quarter valued at about $29,000. Legacy Investment Solutions LLC purchased a new position in shares of TJX Companies during the third quarter worth about $30,000. Finally, SOA Wealth Advisors LLC. purchased a new position in shares of TJX Companies during the fourth quarter worth about $30,000. 91.09% of the stock is currently owned by institutional investors.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 23,428 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 484,189 shares of the company’s stock, valued at $59,569,772.67. This trade represents a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction that occurred on Thursday, February 27th. The shares were 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.

TJX Companies Stock Up 3.0 %

NYSE:TJX opened at $119.64 on Tuesday. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The firm’s 50-day moving average price is $121.68 and its 200-day moving average price is $120.16. The company has a market capitalization of $134.49 billion, a PE ratio of 28.15, a P/E/G ratio of 2.75 and a beta of 0.96.

TJX Companies (NYSE:TJX) last released 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 firm had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. On average, equities analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TJX. UBS Group lifted their target price on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. StockNews.com lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $145.00 price target on shares of TJX Companies in a research note on Thursday, February 27th. Robert W. Baird upped their price objective on TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Finally, Guggenheim increased their price target on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and a consensus 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.