The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 106.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,849 shares of the apparel and home fashions retailer’s stock after purchasing an additional 10,768 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in TJX Companies were worth $2,519,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Bogart Wealth LLC acquired a new stake in TJX Companies during the 4th quarter valued at approximately $25,000. Trivant Custom Portfolio Group LLC acquired a new stake in TJX Companies during the 4th quarter valued at approximately $26,000. Capital Performance Advisors LLP acquired a new position in shares of TJX Companies in the 3rd quarter worth approximately $29,000. Truvestments Capital LLC acquired a new position in shares of TJX Companies in the 3rd quarter worth approximately $29,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of TJX Companies in the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analysts Set New Price Targets

TJX has been the subject of several research reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $145.00 target price on shares of TJX Companies in a research report on Thursday, February 27th. UBS Group lifted their target price on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Morgan Stanley lifted their target price on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. BMO Capital Markets lifted their target price on TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and an average target price of $135.06.

TJX Companies Stock Down 1.2 %

Shares of TJX Companies stock opened at $119.18 on Friday. The business’s fifty day moving average price is $122.77 and its two-hundred day moving average price is $120.36. 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 company has a market capitalization of $133.98 billion, a P/E ratio of 28.04, a PEG ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00.

TJX Companies (NYSE:TJX) last announced its earnings results 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. The firm had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. As a group, research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Thursday, February 13th. TJX Companies’s payout ratio is currently 35.21%.

Insider Transactions at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ernie Herrman sold 23,428 shares of the business’s 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 directly owns 484,189 shares in the company, valued at $59,569,772.67. This represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

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.