Millstone Evans Group LLC Takes Position in The TJX Companies, Inc. (NYSE:TJX)

Millstone Evans Group LLC bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 251 shares of the apparel and home fashions retailer’s stock, valued at approximately $30,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Howard Capital Management Group LLC raised its holdings in TJX Companies by 42.9% during the third quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock worth $27,208,000 after acquiring an additional 69,489 shares in the last quarter. Eagle Asset Management Inc. increased its position in shares of TJX Companies by 22.9% during the 3rd quarter. Eagle Asset Management Inc. now owns 64,814 shares of the apparel and home fashions retailer’s stock worth $7,637,000 after purchasing an additional 12,059 shares during the last quarter. Algert Global LLC raised its stake in shares of TJX Companies by 842.0% during the 3rd quarter. Algert Global LLC now owns 43,409 shares of the apparel and home fashions retailer’s stock worth $5,102,000 after purchasing an additional 38,801 shares in the last quarter. Centaurus Financial Inc. acquired a new stake in shares of TJX Companies in the 3rd quarter valued at approximately $101,000. Finally, Westfield Capital Management Co. LP grew its stake in shares of TJX Companies by 1.7% in the third quarter. Westfield Capital Management Co. LP now owns 70,408 shares of the apparel and home fashions retailer’s stock valued at $8,276,000 after buying an additional 1,209 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on TJX. Telsey Advisory Group reaffirmed an “outperform” rating and set a $145.00 price target on shares of TJX Companies in a research report on Thursday, February 27th. 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. UBS Group boosted their price target on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. BMO Capital Markets raised their price objective on TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Finally, Morgan Stanley boosted their target price on TJX Companies from $130.00 to $135.00 and gave the stock 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $135.06.

TJX Companies Trading Up 3.0 %

TJX stock 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 company has a market capitalization of $134.49 billion, a PE ratio of 28.15, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The company’s 50-day simple moving average is $121.68 and its 200 day simple moving average is $120.16. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

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 (EPS) for the quarter, topping 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 firm had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 23,428 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 484,189 shares of the company’s stock, valued at $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction dated 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. Corporate insiders own 0.13% of the company’s stock.

About TJX Companies

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.