The TJX Companies, Inc. (NYSE:TJX) Shares Sold by BlackDiamond Wealth Management LLC

BlackDiamond Wealth Management LLC lowered its position in The TJX Companies, Inc. (NYSE:TJX) by 13.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,324 shares of the apparel and home fashions retailer’s stock after selling 813 shares during the period. BlackDiamond Wealth Management LLC’s holdings in TJX Companies were worth $643,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Flagship Wealth Advisors LLC purchased a new position in shares of TJX Companies during the 4th quarter worth approximately $491,000. Curio Wealth LLC purchased a new position in shares of TJX Companies during the 4th quarter worth approximately $909,000. Signaturefd LLC increased its stake in shares of TJX Companies by 1.7% during the 4th quarter. Signaturefd LLC now owns 25,431 shares of the apparel and home fashions retailer’s stock worth $3,072,000 after purchasing an additional 431 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of TJX Companies by 1.3% during the 4th quarter. Parallel Advisors LLC now owns 132,716 shares of the apparel and home fashions retailer’s stock worth $16,034,000 after purchasing an additional 1,723 shares in the last quarter. Finally, Cibc World Markets Corp increased its stake in shares of TJX Companies by 16.0% during the 4th quarter. Cibc World Markets Corp now owns 177,951 shares of the apparel and home fashions retailer’s stock worth $21,498,000 after purchasing an additional 24,561 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Robert W. Baird lifted their target price 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. UBS Group lifted their price target on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday, January 10th. Wells Fargo & Company lifted their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. BMO Capital Markets lifted 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. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $145.00 price target on shares of TJX Companies in a report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and an average target price of $135.06.

Insider Transactions 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 shares were sold at an average price of $123.53, for a total value of $988,240.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction of $2,882,346.84. Following the completion of the sale, the chief executive officer now directly owns 484,189 shares of the company’s stock, valued at $59,569,772.67. The trade was a 4.62 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX stock opened at $114.52 on Tuesday. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. 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 firm has a market capitalization of $128.73 billion, a P/E ratio of 26.94, a P/E/G ratio of 2.75 and a beta of 0.96. The company’s fifty day moving average price is $122.05 and its two-hundred day moving average price is $120.18.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 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. On average, research analysts anticipate 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.