Emerald Advisers LLC Lowers Stake in The TJX Companies, Inc. (NYSE:TJX)

Emerald Advisers LLC reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,833 shares of the apparel and home fashions retailer’s stock after selling 255 shares during the quarter. Emerald Advisers LLC’s holdings in TJX Companies were worth $1,430,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TJX. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its stake in TJX Companies by 1.7% during the 4th 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 purchasing an additional 84 shares during the last quarter. Nwam LLC boosted its stake in TJX Companies by 2.0% during the 4th quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer’s stock worth $524,000 after purchasing an additional 84 shares during the last quarter. Hartford Funds Management Co LLC boosted its stake in TJX Companies by 0.5% during the 3rd 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 purchasing an additional 86 shares during the last quarter. One Charles Private Wealth Services LLC boosted its stake in TJX Companies by 5.0% during the 4th quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer’s stock worth $218,000 after purchasing an additional 86 shares during the last quarter. Finally, Hamilton Capital LLC boosted its stake in TJX Companies by 3.9% during the 3rd quarter. Hamilton Capital LLC now owns 2,413 shares of the apparel and home fashions retailer’s stock worth $273,000 after purchasing an additional 90 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of the business’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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ernie Herrman sold 23,428 shares of the business’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 directly owns 484,189 shares of the company’s stock, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on TJX. Telsey Advisory Group reiterated an “outperform” rating and set a $145.00 price target on shares of TJX Companies in a report on Thursday, February 27th. StockNews.com lowered TJX Companies from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. UBS Group lifted their price target on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Wells Fargo & Company lifted their price target on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Finally, Morgan Stanley lifted their price target on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.06.

TJX Companies Stock Performance

NYSE TJX opened at $116.09 on Monday. The company has a market cap of $130.51 billion, a P/E ratio of 27.32, a P/E/G ratio of 2.75 and a beta of 0.96. 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 stock has a 50-day moving average of $121.69 and a two-hundred day moving average of $120.15. 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 released 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 company had revenue of $16.35 billion during 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, analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

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.