Advance Capital Management Inc. Takes Position in The TJX Companies, Inc. (NYSE:TJX)

Advance Capital Management Inc. purchased a new stake in The TJX Companies, Inc. (NYSE:TJX) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,170 shares of the apparel and home fashions retailer’s stock, valued at approximately $269,000.

Other large investors have also made changes to their positions in the company. J.W. Cole Advisors Inc. grew its position in shares of TJX Companies by 2.6% in the first quarter. J.W. Cole Advisors Inc. now owns 6,809 shares of the apparel and home fashions retailer’s stock valued at $534,000 after purchasing an additional 172 shares in the last quarter. Advisors Asset Management Inc. grew its position in TJX Companies by 15.1% in the first quarter. Advisors Asset Management Inc. now owns 123,265 shares of the apparel and home fashions retailer’s stock worth $9,659,000 after acquiring an additional 16,162 shares during the period. Integrated Advisors Network LLC grew its position in TJX Companies by 3.7% in the first quarter. Integrated Advisors Network LLC now owns 5,656 shares of the apparel and home fashions retailer’s stock worth $443,000 after acquiring an additional 204 shares during the period. Martingale Asset Management L P purchased a new position in TJX Companies in the first quarter worth approximately $223,000. Finally, Alpha Financial Partners LLC purchased a new position in TJX Companies in the fourth quarter worth approximately $415,000. 89.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TJX. Jefferies Financial Group increased their price objective on TJX Companies from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, August 17th. Citigroup increased their price objective on TJX Companies from $90.00 to $103.00 and gave the stock a “buy” rating in a research report on Thursday, August 17th. Barclays increased their price objective on TJX Companies from $95.00 to $101.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 15th. StockNews.com assumed coverage on TJX Companies in a research note on Thursday, August 17th. They set a “buy” rating on the stock. Finally, Bank of America upped their price target on TJX Companies from $94.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, August 17th. Three research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, TJX Companies has an average rating of “Moderate Buy” and a consensus price target of $95.42.

Insider Activity at TJX Companies

In related news, Chairman Carol Meyrowitz sold 64,817 shares of the stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $91.13, for a total value of $5,906,773.21. Following the transaction, the chairman now owns 135,050 shares of the company’s stock, valued at $12,307,106.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other TJX Companies news, CEO Ernie Herrman sold 45,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $89.04, for a total transaction of $4,006,800.00. Following the transaction, the chief executive officer now owns 642,098 shares of the company’s stock, valued at $57,172,405.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Carol Meyrowitz sold 64,817 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $91.13, for a total value of $5,906,773.21. Following the transaction, the chairman now directly owns 135,050 shares in the company, valued at approximately $12,307,106.50. The disclosure for this sale can be found here. Insiders have sold 114,014 shares of company stock valued at $10,291,303 over the last quarter. 0.13% of the stock is owned by insiders.

TJX Companies Stock Up 0.8 %

Shares of NYSE TJX opened at $92.92 on Thursday. The stock has a market cap of $106.31 billion, a P/E ratio of 27.25, a PEG ratio of 2.21 and a beta of 0.89. The company has a current ratio of 1.20, a quick ratio of 0.56 and a debt-to-equity ratio of 0.43. The TJX Companies, Inc. has a 12-month low of $59.78 and a 12-month high of $93.00. The business’s fifty day simple moving average is $87.64 and its 200-day simple moving average is $81.52.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 16th. The apparel and home fashions retailer reported $0.85 EPS for the quarter, beating the consensus estimate of $0.77 by $0.08. The firm had revenue of $12.76 billion for the quarter, compared to analyst estimates of $12.45 billion. TJX Companies had a return on equity of 62.61% and a net margin of 7.77%. TJX Companies’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.69 earnings per share. As a group, equities analysts predict that The TJX Companies, Inc. will post 3.71 EPS for the current fiscal year.

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, kids, and gourmet food departments; jewelry and accessories; and other merchandise.