Maridea Wealth Management LLC Purchases Shares of 2,759 The TJX Companies, Inc. (NYSE:TJX)

Maridea Wealth Management LLC acquired a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,759 shares of the apparel and home fashions retailer’s stock, valued at approximately $333,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Howard Capital Management Group LLC increased its holdings in shares of 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 acquiring an additional 69,489 shares in the last quarter. Quantbot Technologies LP acquired a new stake in TJX Companies in the 3rd quarter valued at $922,000. Healthcare of Ontario Pension Plan Trust Fund increased its stake in TJX Companies by 24.8% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 80,813 shares of the apparel and home fashions retailer’s stock valued at $9,499,000 after purchasing an additional 16,043 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in TJX Companies by 8.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 229,833 shares of the apparel and home fashions retailer’s stock worth $27,015,000 after buying an additional 17,184 shares during the last quarter. Finally, Financial Counselors Inc. lifted its stake in shares of TJX Companies by 4.1% in the third quarter. Financial Counselors Inc. now owns 26,900 shares of the apparel and home fashions retailer’s stock valued at $3,162,000 after buying an additional 1,069 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on TJX shares. Guggenheim boosted their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Wells Fargo & Company increased their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research report on Thursday. Telsey Advisory Group reissued an “outperform” rating and issued a $145.00 price target on shares of TJX Companies in a research report on Thursday, February 27th. Finally, Robert W. Baird lifted their price objective on shares of TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.06.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $118.06 on Friday. The firm has a market capitalization of $132.72 billion, a PE ratio of 27.78, a P/E/G 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 company has a 50-day moving average price of $121.61 and a two-hundred day moving average price of $120.22. 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 released its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping the consensus estimate of $1.16 by $0.07. The company had revenue of $16.35 billion during 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%. Equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Insider Activity at TJX Companies

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer now owns 484,189 shares in the company, valued at $59,569,772.67. This trade represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate 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.