Avantax Advisory Services Inc. Buys 3,551 Shares of The TJX Companies, Inc. (NYSE:TJX)

Avantax Advisory Services Inc. raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.4% in the 4th quarter, HoldingsChannel reports. The firm owned 84,925 shares of the apparel and home fashions retailer’s stock after purchasing an additional 3,551 shares during the period. Avantax Advisory Services Inc.’s holdings in TJX Companies were worth $10,260,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TJX. Howard Capital Management Group LLC raised its position in TJX Companies by 42.9% during the third quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock valued at $27,208,000 after purchasing an additional 69,489 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its position in shares of TJX Companies by 30.5% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 10,081 shares of the apparel and home fashions retailer’s stock valued at $1,185,000 after purchasing an additional 2,355 shares during the last quarter. Savvy Advisors Inc. purchased a new position in shares of TJX Companies during the 3rd quarter valued at about $339,000. Prime Capital Investment Advisors LLC lifted its position in TJX Companies by 1.3% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 52,551 shares of the apparel and home fashions retailer’s stock worth $6,177,000 after buying an additional 662 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in TJX Companies by 26.9% in the third quarter. Victory Capital Management Inc. now owns 892,459 shares of the apparel and home fashions retailer’s stock worth $104,900,000 after buying an additional 189,455 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Down 0.7 %

Shares of TJX opened at $115.34 on Thursday. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. 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 firm’s 50-day moving average price is $122.50 and its 200-day moving average price is $120.30. The firm has a market capitalization of $129.66 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 2.75 and a beta of 0.96.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $16.24 billion. Sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TJX. BMO Capital Markets boosted their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Morgan Stanley raised their price objective on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. UBS Group boosted their target price on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, Wells Fargo & Company raised their price target on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock 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 business’s 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 sale, the chief executive officer now 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Alan M. Bennett sold 8,000 shares of the company’s 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.

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.