Clearstead Trust LLC Grows Stake in The TJX Companies, Inc. (NYSE:TJX)

Clearstead Trust LLC increased its stake in The TJX Companies, Inc. (NYSE:TJX) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,753 shares of the apparel and home fashions retailer’s stock after acquiring an additional 294 shares during the period. Clearstead Trust LLC’s holdings in TJX Companies were worth $2,386,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TJX. Bogart Wealth LLC purchased a new position in TJX Companies in the fourth quarter worth about $25,000. Trivant Custom Portfolio Group LLC purchased a new position in TJX Companies in the fourth quarter worth about $26,000. Truvestments Capital LLC purchased a new position in TJX Companies in the third quarter worth about $29,000. Legacy Investment Solutions LLC purchased a new position in TJX Companies in the third quarter worth about $30,000. Finally, SOA Wealth Advisors LLC. purchased a new position in shares of TJX Companies during the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

TJX has been the subject of several recent analyst reports. Morgan Stanley boosted their target price on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. UBS Group boosted their target price on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Wells Fargo & Company boosted their target price on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Telsey Advisory Group restated an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a research report on Thursday, February 27th. Finally, Guggenheim boosted their target price on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and an average target price of $135.06.

TJX Companies Stock Performance

Shares of NYSE:TJX opened at $113.27 on Friday. The company has a market capitalization of $127.34 billion, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. 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 50 day moving average of $122.18 and a 200 day moving average of $120.20.

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. 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, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 23,428 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 484,189 shares of the company’s stock, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

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.