The TJX Companies, Inc. (NYSE:TJX) Position Increased by Proficio Capital Partners LLC

Proficio Capital Partners LLC raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 62.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,473 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,717 shares during the quarter. Proficio Capital Partners LLC’s holdings in TJX Companies were worth $540,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TJX. Bogart Wealth LLC bought a new stake in TJX Companies during the fourth quarter worth approximately $25,000. Trivant Custom Portfolio Group LLC acquired a new position in TJX Companies in the 4th quarter worth approximately $26,000. Truvestments Capital LLC acquired a new position in TJX Companies in the 3rd quarter worth approximately $29,000. Legacy Investment Solutions LLC acquired a new position in TJX Companies in the 3rd quarter worth approximately $30,000. Finally, SOA Wealth Advisors LLC. acquired a new position in TJX Companies in the 4th quarter worth approximately $30,000. 91.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on TJX shares. StockNews.com lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Morgan Stanley raised their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Robert W. Baird raised their price objective on shares of TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. BMO Capital Markets raised their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Finally, 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 note on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and a consensus target price of $135.06.

Insider Activity

In related news, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction on Wednesday, March 5th. The shares were 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 in the company, valued at $59,569,772.67. This trade represents a 4.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction on 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 Stock Down 0.1 %

TJX Companies stock opened at $116.09 on Monday. The company has a market capitalization 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 firm’s fifty day simple moving average is $121.69 and its 200-day simple moving average is $120.15. 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 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 quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. The business had revenue of $16.35 billion for 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%. Sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal 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.