FDx Advisors Inc. increased its stake in TJX Companies Inc (NYSE:TJX) by 23.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,210 shares of the apparel and home fashions retailer’s stock after purchasing an additional 11,222 shares during the period. FDx Advisors Inc.’s holdings in TJX Companies were worth $4,451,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TJX. Zions Bancorporation raised its position in TJX Companies by 185.9% in the 3rd quarter. Zions Bancorporation now owns 1,358 shares of the apparel and home fashions retailer’s stock worth $100,000 after purchasing an additional 883 shares during the last quarter. IFC Holdings Incorporated FL bought a new position in TJX Companies in the 3rd quarter worth approximately $203,000. Noesis Capital Mangement Corp bought a new position in TJX Companies in the 3rd quarter worth approximately $203,000. Franklin Street Advisors Inc. NC bought a new position in TJX Companies in the 4th quarter worth approximately $203,000. Finally, Keel Point LLC raised its position in TJX Companies by 4.1% in the 2nd quarter. Keel Point LLC now owns 2,963 shares of the apparel and home fashions retailer’s stock worth $214,000 after purchasing an additional 117 shares during the last quarter. Hedge funds and other institutional investors own 91.07% of the company’s stock.

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Several research firms recently weighed in on TJX. Loop Capital began coverage on shares of TJX Companies in a research report on Thursday, March 8th. They issued a “hold” rating and a $84.00 price objective for the company. Cowen set a $92.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a report on Thursday, March 1st. Deutsche Bank lifted their target price on shares of TJX Companies from $86.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Monday, March 5th. Finally, BMO Capital Markets set a $94.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a report on Thursday, March 1st. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $87.30.

TJX Companies Inc (TJX) opened at $81.34 on Friday. TJX Companies Inc has a fifty-two week low of $66.44 and a fifty-two week high of $84.79. The stock has a market cap of $51,430.00, a price-to-earnings ratio of 18.83, a PEG ratio of 1.64 and a beta of 0.67. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.66 and a quick ratio of 0.84.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.10. TJX Companies had a net margin of 7.27% and a return on equity of 55.23%. The company had revenue of $10.96 billion during the quarter, compared to analyst estimates of $10.75 billion. During the same quarter in the previous year, the business earned $1.03 EPS. The firm’s revenue was up 15.8% on a year-over-year basis. sell-side analysts expect that TJX Companies Inc will post 4.86 earnings per share for the current fiscal year.

TJX Companies declared that its Board of Directors has authorized a share buyback program on Wednesday, February 28th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the apparel and home fashions retailer to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

In related news, Chairman Carol Meyrowitz sold 43,020 shares of the company’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $83.77, for a total value of $3,603,785.40. Following the completion of the transaction, the chairman now directly owns 294,098 shares of the company’s stock, valued at approximately $24,636,589.46. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Amy B. Lane sold 1,000 shares of the company’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $82.81, for a total transaction of $82,810.00. Following the completion of the transaction, the director now directly owns 15,998 shares of the company’s stock, valued at $1,324,794.38. The disclosure for this sale can be found here. Insiders sold a total of 77,855 shares of company stock valued at $6,502,443 in the last three months. 0.23% of the stock is owned by company insiders.

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TJX Companies Company Profile

The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.

Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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