Simplicity Wealth LLC Makes New $222,000 Investment in The TJX Companies, Inc. (NYSE:TJX)

Simplicity Wealth LLC purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,840 shares of the apparel and home fashions retailer’s stock, valued at approximately $222,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sound View Wealth Advisors Group LLC grew its holdings in TJX Companies by 23.5% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 17,509 shares of the apparel and home fashions retailer’s stock worth $2,115,000 after acquiring an additional 3,327 shares in the last quarter. Argentarii LLC acquired a new position in TJX Companies during the 4th quarter worth approximately $412,000. Coordinated Financial Services Inc. acquired a new position in shares of TJX Companies in the 4th quarter valued at $293,000. Personal CFO Solutions LLC boosted its holdings in shares of TJX Companies by 2.6% in the 4th quarter. Personal CFO Solutions LLC now owns 4,888 shares of the apparel and home fashions retailer’s stock valued at $591,000 after buying an additional 126 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC boosted its holdings in shares of TJX Companies by 2.0% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 9,103 shares of the apparel and home fashions retailer’s stock valued at $1,100,000 after buying an additional 177 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Down 1.3 %

Shares of TJX Companies stock opened at $116.13 on Wednesday. The company has a market cap of $130.55 billion, a P/E ratio of 27.33, a PEG ratio of 2.75 and a beta of 0.96. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The firm has a fifty day moving average of $122.61 and a two-hundred day moving average of $120.33.

TJX Companies (NYSE:TJX) last announced 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. The company had revenue of $16.35 billion during 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%. On average, analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TJX shares. Barclays upped their target price on shares of TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. StockNews.com cut shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. UBS Group upped their target price 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. BMO Capital Markets upped their target price 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, Guggenheim upped their target price on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Three equities research 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 company currently has a consensus rating of “Moderate Buy” and an average target price of $135.06.

Insiders Place Their Bets

In other news, Director Alan M. Bennett sold 8,000 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ernie Herrman sold 23,428 shares of the 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 transaction, 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 position. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

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.