LPL Financial LLC Purchases 134,175 Shares of The TJX Companies, Inc. (NYSE:TJX)

LPL Financial LLC lifted its position in The TJX Companies, Inc. (NYSE:TJX) by 15.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,009,386 shares of the apparel and home fashions retailer’s stock after acquiring an additional 134,175 shares during the quarter. LPL Financial LLC’s holdings in TJX Companies were worth $121,944,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Banco de Sabadell S.A raised its holdings in shares of TJX Companies by 1.3% in the 4th quarter. Banco de Sabadell S.A now owns 19,800 shares of the apparel and home fashions retailer’s stock valued at $2,392,000 after purchasing an additional 248 shares in the last quarter. Fox Run Management L.L.C. increased its holdings in TJX Companies by 117.9% during the fourth quarter. Fox Run Management L.L.C. now owns 10,441 shares of the apparel and home fashions retailer’s stock valued at $1,261,000 after buying an additional 5,650 shares during the period. KLP Kapitalforvaltning AS bought a new position in TJX Companies in the fourth quarter worth approximately $59,354,000. Knights of Columbus Asset Advisors LLC lifted its holdings in TJX Companies by 0.8% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 140,268 shares of the apparel and home fashions retailer’s stock worth $16,946,000 after buying an additional 1,122 shares during the period. Finally, Umpqua Bank boosted its position in TJX Companies by 9.1% during the 4th quarter. Umpqua Bank now owns 2,617 shares of the apparel and home fashions retailer’s stock valued at $312,000 after acquiring an additional 218 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. StockNews.com cut TJX Companies from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. BMO Capital Markets raised their price target on shares of TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Telsey Advisory Group reiterated an “outperform” rating and set a $145.00 price objective on shares of TJX Companies 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, Morgan Stanley increased their price objective on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.06.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 23,428 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the sale, the chief executive officer now owns 484,189 shares of the company’s stock, valued at $59,569,772.67. This trade represents a 4.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alan M. Bennett sold 8,000 shares of the business’s stock in a transaction 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 owned by insiders.

TJX Companies Price Performance

Shares of NYSE TJX opened at $119.64 on Tuesday. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The business’s 50 day moving average price is $121.68 and its 200 day moving average price is $120.16. 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 firm has a market cap of $134.49 billion, a P/E ratio of 28.15, a P/E/G ratio of 2.75 and a beta of 0.96.

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, beating the consensus estimate of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. On average, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current 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.