180 Wealth Advisors LLC Has $3.05 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

180 Wealth Advisors LLC grew its stake in The TJX Companies, Inc. (NYSE:TJX) by 4.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,168 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,466 shares during the period. 180 Wealth Advisors LLC’s holdings in TJX Companies were worth $3,047,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC lifted its holdings in shares of TJX Companies by 90,089.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,788,543 shares of the apparel and home fashions retailer’s stock worth $1,575,168,000 after acquiring an additional 19,766,602 shares during the period. Morgan Stanley lifted its holdings in shares of TJX Companies by 88.1% during the 4th quarter. Morgan Stanley now owns 26,619,778 shares of the apparel and home fashions retailer’s stock worth $2,118,935,000 after acquiring an additional 12,468,119 shares during the period. Norges Bank bought a new position in shares of TJX Companies during the 4th quarter worth about $891,631,000. Ontario Teachers Pension Plan Board bought a new position in shares of TJX Companies during the 1st quarter worth about $408,331,000. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of TJX Companies by 146.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 8,469,970 shares of the apparel and home fashions retailer’s stock worth $672,944,000 after acquiring an additional 5,033,453 shares during the period. 89.28% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Performance

NYSE TJX traded up $0.27 on Monday, hitting $92.71. 470,262 shares of the stock were exchanged, compared to its average volume of 4,959,118. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.20 and a quick ratio of 0.56. The business’s fifty day moving average is $88.20 and its 200 day moving average is $81.86. The TJX Companies, Inc. has a 52 week low of $59.78 and a 52 week high of $93.78. The company has a market capitalization of $106.07 billion, a PE ratio of 27.11, a P/E/G ratio of 2.26 and a beta of 0.89.

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

Insiders Place Their Bets

In other TJX Companies news, EVP Kenneth Canestrari sold 4,197 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $90.00, for a total value of $377,730.00. Following the transaction, the executive vice president now directly owns 115,223 shares in the company, valued at $10,370,070. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Ernie Herrman sold 45,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $89.04, for a total value of $4,006,800.00. Following the transaction, the chief executive officer now directly owns 642,098 shares in the company, valued at $57,172,405.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kenneth Canestrari sold 4,197 shares of the company’s 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 transaction, the executive vice president now owns 115,223 shares in the company, valued at $10,370,070. The disclosure for this sale can be found here. Over the last three months, insiders have sold 114,014 shares of company stock valued at $10,291,303. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TJX. Robert W. Baird lifted their price target on shares of TJX Companies from $90.00 to $96.00 and gave the company an “outperform” rating in a report on Thursday, August 17th. Telsey Advisory Group lifted their price target on shares of TJX Companies from $95.00 to $100.00 in a report on Thursday, August 17th. Morgan Stanley lifted their price target on shares of TJX Companies from $93.00 to $99.00 and gave the company an “overweight” rating in a report on Thursday, August 17th. Loop Capital boosted their target price on shares of TJX Companies from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, September 6th. Finally, Bank of America boosted their target price on shares of TJX Companies from $94.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, August 17th. Three analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.42.

TJX Companies 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.