South Street Advisors LLC Has $23.31 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

South Street Advisors LLC decreased its stake in The TJX Companies, Inc. (NYSE:TJX) by 3.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,944 shares of the apparel and home fashions retailer’s stock after selling 7,090 shares during the period. TJX Companies accounts for approximately 3.6% of South Street Advisors LLC’s holdings, making the stock its 8th largest position. South Street Advisors LLC’s holdings in TJX Companies were worth $23,310,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Flagship Wealth Advisors LLC bought a new position in shares of TJX Companies in the 4th quarter valued at about $491,000. Curio Wealth LLC bought a new position in shares of TJX Companies in the 4th quarter valued at about $909,000. Signaturefd LLC grew its holdings in shares of TJX Companies by 1.7% in the 4th quarter. Signaturefd LLC now owns 25,431 shares of the apparel and home fashions retailer’s stock valued at $3,072,000 after acquiring an additional 431 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of TJX Companies by 1.3% in the 4th quarter. Parallel Advisors LLC now owns 132,716 shares of the apparel and home fashions retailer’s stock valued at $16,034,000 after acquiring an additional 1,723 shares in the last quarter. Finally, Cibc World Markets Corp lifted its stake in TJX Companies by 16.0% in the 4th quarter. Cibc World Markets Corp now owns 177,951 shares of the apparel and home fashions retailer’s stock valued at $21,498,000 after purchasing an additional 24,561 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

TJX has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Evercore ISI raised their target price on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Barclays raised their target price on shares of TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. Robert W. Baird raised their target price on shares of TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $145.00 target price on shares of TJX Companies in a research note on Thursday, February 27th. 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.06.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction that occurred 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 directly owns 484,189 shares of the company’s stock, valued at $59,569,772.67. This trade represents a 4.62 % decrease in their ownership of the stock. 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 that occurred on Thursday, February 27th. The shares were 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 currently owned by insiders.

TJX Companies Stock Up 1.1 %

NYSE TJX opened at $114.52 on Tuesday. 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. The company has a 50 day moving average of $122.05 and a 200-day moving average of $120.18. The company has a market cap of $128.73 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 2.75 and a beta of 0.96.

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. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. On average, equities research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

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.