Symphony Financial Ltd. Co. Has $352,000 Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Symphony Financial Ltd. Co. boosted its position in The TJX Companies, Inc. (NYSE:TJX) by 47.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,672 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,179 shares during the period. Symphony Financial Ltd. Co.’s holdings in TJX Companies were worth $352,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of TJX. ICA Group Wealth Management LLC acquired a new stake in TJX Companies in the 4th quarter valued at about $27,000. Anchor Investment Management LLC acquired a new stake in TJX Companies during the fourth quarter worth approximately $28,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in TJX Companies during the third quarter worth approximately $29,000. BKM Wealth Management LLC acquired a new stake in TJX Companies during the fourth quarter worth approximately $30,000. Finally, Cornerstone Planning Group LLC acquired a new stake in TJX Companies during the second quarter worth approximately $33,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the completion of the sale, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $98.98, for a total value of $1,979,600.00. Following the completion of the sale, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Louise Greenlees sold 2,694 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $98.83, for a total transaction of $266,248.02. Following the completion of the sale, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TJX has been the subject of several research reports. UBS Group raised their price objective on shares of TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Redburn Atlantic downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective for the company. in a research report on Monday, February 5th. BMO Capital Markets raised their price objective on shares of TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $105.00 target price on shares of TJX Companies in a report on Wednesday, February 28th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.19.

TJX Companies Stock Up 0.3 %

TJX traded up $0.34 during midday trading on Friday, hitting $101.42. The company had a trading volume of 4,778,175 shares, compared to its average volume of 5,857,665. The TJX Companies, Inc. has a 52 week low of $75.65 and a 52 week high of $102.84. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $114.97 billion, a price-to-earnings ratio of 26.27, a PEG ratio of 2.60 and a beta of 0.86. The stock’s 50 day moving average price is $97.74 and its 200 day moving average price is $93.00.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.10. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The firm had revenue of $16.41 billion during the quarter, compared to the consensus estimate of $16.20 billion. During the same period in the previous year, the firm posted $0.89 earnings per share. The business’s revenue was up 13.0% compared to the same quarter last year. On average, research analysts anticipate that The TJX Companies, Inc. will post 4.06 earnings per share for the current fiscal year.

TJX Companies declared that its board has authorized a share buyback plan on Wednesday, February 28th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the apparel and home fashions retailer to repurchase up to 2.2% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

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