The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Magnetar Financial LLC

Magnetar Financial LLC trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX) by 22.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 23,666 shares of the apparel and home fashions retailer’s stock after selling 6,795 shares during the period. Magnetar Financial LLC’s holdings in TJX Companies were worth $2,859,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its holdings in TJX Companies by 1.7% in the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer’s stock valued at $603,000 after buying an additional 84 shares during the period. Nwam LLC raised its stake in shares of TJX Companies by 2.0% in the 4th quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer’s stock valued at $524,000 after acquiring an additional 84 shares during the period. Hartford Funds Management Co LLC lifted its holdings in shares of TJX Companies by 0.5% in the 3rd quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer’s stock worth $2,107,000 after acquiring an additional 86 shares during the last quarter. Hamilton Capital LLC lifted its holdings in shares of TJX Companies by 3.9% in the 3rd quarter. Hamilton Capital LLC now owns 2,413 shares of the apparel and home fashions retailer’s stock worth $273,000 after acquiring an additional 90 shares during the last quarter. Finally, Breakwater Capital Group boosted its position in shares of TJX Companies by 1.2% during the 4th quarter. Breakwater Capital Group now owns 7,696 shares of the apparel and home fashions retailer’s stock worth $930,000 after purchasing an additional 91 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Performance

NYSE:TJX opened at $116.12 on Friday. 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 $130.54 billion, a PE ratio of 27.32, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The business’s fifty day moving average price is $121.76 and its 200 day moving average price is $120.13.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.07. The business had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TJX has been the topic of a number of research analyst reports. Barclays boosted their target price on TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. UBS Group increased their target price on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Jefferies Financial Group lifted their target price on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Guggenheim boosted their price target on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, TD Cowen raised their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $135.06.

Insiders Place Their Bets

In related news, Director Alan M. Bennett sold 8,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the transaction, the chief executive officer now owns 484,189 shares in the company, 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 corporate insiders.

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.