Austin Private Wealth LLC Buys Shares of 2,207 The TJX Companies, Inc. (NYSE:TJX)

Austin Private Wealth LLC purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,207 shares of the apparel and home fashions retailer’s stock, valued at approximately $207,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ICA Group Wealth Management LLC acquired a new stake in shares of TJX Companies in the 4th quarter valued at about $27,000. Anchor Investment Management LLC acquired a new stake in TJX Companies during the fourth quarter valued at approximately $28,000. Householder Group Estate & Retirement Specialist LLC bought a new position in TJX Companies during the 3rd quarter worth approximately $29,000. BKM Wealth Management LLC bought a new position in TJX Companies during the 4th quarter worth approximately $30,000. Finally, Cornerstone Planning Group LLC acquired a new position in shares of TJX Companies in the 2nd quarter worth approximately $33,000. Institutional investors own 91.09% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the completion of the sale, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the completion of the sale, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $98.83, for a total value of $266,248.02. Following the completion of the transaction, the executive vice president now directly owns 50,273 shares in the company, valued at approximately $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

TJX Companies Price Performance

Shares of NYSE:TJX traded up $0.34 during trading on Thursday, reaching $101.42. The company had a trading volume of 4,774,144 shares, compared to its average volume of 5,062,317. The firm’s fifty day moving average is $97.61 and its 200 day moving average is $92.94. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.64 and a current ratio of 1.21. The firm has a market capitalization of $114.97 billion, a PE ratio of 26.30, a price-to-earnings-growth ratio of 2.56 and a beta of 0.86. The TJX Companies, Inc. has a twelve month low of $75.65 and a twelve month high of $102.84.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.10. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The firm had revenue of $16.41 billion during the quarter, compared to analyst estimates of $16.20 billion. During the same period last year, the company posted $0.89 EPS. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.06 EPS for the current year.

TJX Companies declared that its board has authorized a stock repurchase program on Wednesday, February 28th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the apparel and home fashions retailer to repurchase up to 2.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TJX. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $105.00 price objective on shares of TJX Companies in a report on Wednesday, February 28th. Redburn Atlantic downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective for the company. in a research report on Monday, February 5th. UBS Group increased their price objective on shares of TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Finally, BMO Capital Markets upped their target price on TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $102.19.

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.