Level Four Advisory Services LLC Reduces Stake in The TJX Companies, Inc. (NYSE:TJX)

Level Four Advisory Services LLC lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,374 shares of the apparel and home fashions retailer’s stock after selling 1,257 shares during the quarter. Level Four Advisory Services LLC’s holdings in TJX Companies were worth $2,223,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TJX. Golden State Equity Partners bought a new stake in shares of TJX Companies during the 1st quarter valued at about $214,000. Macquarie Group Ltd. lifted its holdings in shares of TJX Companies by 2.5% during the 1st quarter. Macquarie Group Ltd. now owns 6,872,586 shares of the apparel and home fashions retailer’s stock worth $538,535,000 after acquiring an additional 165,713 shares during the last quarter. Fortis Group Advisors LLC purchased a new position in TJX Companies in the first quarter worth $278,000. Sheets Smith Wealth Management raised its position in TJX Companies by 4.7% during the first quarter. Sheets Smith Wealth Management now owns 85,421 shares of the apparel and home fashions retailer’s stock valued at $6,694,000 after purchasing an additional 3,800 shares in the last quarter. Finally, ProShare Advisors LLC boosted its holdings in shares of TJX Companies by 15.0% in the 1st quarter. ProShare Advisors LLC now owns 193,773 shares of the apparel and home fashions retailer’s stock worth $15,184,000 after purchasing an additional 25,313 shares in the last quarter. 89.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at TJX Companies

In related news, EVP Kenneth Canestrari sold 4,197 shares of TJX Companies stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $90.00, for a total transaction of $377,730.00. Following the completion of the sale, the executive vice president now owns 115,223 shares in the company, valued at approximately $10,370,070. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Kenneth Canestrari sold 4,197 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $90.00, for a total transaction of $377,730.00. Following the sale, the executive vice president now owns 115,223 shares of the company’s stock, valued at $10,370,070. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Carol Meyrowitz sold 64,817 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $91.13, for a total transaction of $5,906,773.21. Following the sale, the chairman now directly owns 135,050 shares of the company’s stock, valued at approximately $12,307,106.50. The disclosure for this sale can be found here. Insiders sold a total of 114,014 shares of company stock worth $10,291,303 in the last quarter. 0.13% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Telsey Advisory Group boosted their price objective on shares of TJX Companies from $95.00 to $100.00 in a report on Thursday, August 17th. Robert W. Baird increased their price target on shares of TJX Companies from $90.00 to $96.00 and gave the company an “outperform” rating in a research report on Thursday, August 17th. Piper Sandler assumed coverage on TJX Companies in a research report on Thursday, June 29th. They set an “overweight” rating and a $110.00 price target for the company. Wells Fargo & Company boosted their price objective on shares of TJX Companies from $88.00 to $92.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, UBS Group upped their target price on TJX Companies from $88.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, August 17th. Three investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $95.42.

TJX Companies Price Performance

TJX stock opened at $92.92 on Thursday. The company has a fifty day simple moving average of $87.64 and a two-hundred day simple moving average of $81.52. The TJX Companies, Inc. has a 52 week low of $59.78 and a 52 week high of $93.00. The company has a quick ratio of 0.56, a current ratio of 1.20 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $106.31 billion, a P/E ratio of 27.25, a price-to-earnings-growth ratio of 2.21 and a beta of 0.89.

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