Northstar Advisory Group LLC Purchases 10,961 Shares of The TJX Companies, Inc. (NYSE:TJX)

Northstar Advisory Group LLC raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 66.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,514 shares of the apparel and home fashions retailer’s stock after buying an additional 10,961 shares during the period. TJX Companies comprises approximately 1.5% of Northstar Advisory Group LLC’s investment portfolio, making the stock its 20th biggest position. Northstar Advisory Group LLC’s holdings in TJX Companies were worth $2,581,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Moneta Group Investment Advisors LLC increased its stake in shares of TJX Companies by 90,089.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,788,543 shares of the apparel and home fashions retailer’s stock valued at $1,575,168,000 after buying an additional 19,766,602 shares during the period. Morgan Stanley increased its position in 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 valued at $2,118,935,000 after purchasing an additional 12,468,119 shares during the period. Norges Bank bought a new stake in shares of TJX Companies in the 4th quarter valued at about $891,631,000. Ontario Teachers Pension Plan Board purchased a new stake in shares of TJX Companies in the 1st quarter worth approximately $408,331,000. Finally, FMR LLC boosted its stake in shares of TJX Companies by 13.1% during the third quarter. FMR LLC now owns 52,008,484 shares of the apparel and home fashions retailer’s stock valued at $4,622,514,000 after purchasing an additional 6,036,764 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on TJX shares. BMO Capital Markets upped their target price on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Telsey Advisory Group reiterated an “outperform” rating and issued a $105.00 target price on shares of TJX Companies in a research note on Wednesday, February 28th. UBS Group raised their price target on shares of TJX Companies from $95.00 to $104.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Finally, Redburn Atlantic cut shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 target price for the company. in a research report on Monday, February 5th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $102.19.

Insiders Place Their Bets

In other news, EVP Louise Greenlees sold 2,694 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president now directly owns 50,273 shares in the company, valued at $4,968,480.59. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, EVP Louise Greenlees sold 2,694 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $98.83, for a total transaction of $266,248.02. Following the sale, the executive vice president now owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ernie Herrman sold 20,000 shares of the 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 in the company, valued at approximately $51,053,982.98. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

TJX Companies Trading Up 0.3 %

TJX opened at $101.43 on Thursday. The TJX Companies, Inc. has a 1-year low of $75.65 and a 1-year high of $102.84. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.21 and a quick ratio of 0.64. The firm has a market capitalization of $114.98 billion, a price-to-earnings ratio of 26.19, a price-to-earnings-growth ratio of 2.56 and a beta of 0.86. The company’s 50 day simple moving average is $97.47 and its two-hundred day simple moving average is $92.88.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $16.20 billion. During the same period last year, the business earned $0.89 earnings per share. TJX Companies’s revenue was up 13.0% compared to the same quarter last year. Analysts expect that The TJX Companies, Inc. will post 4.06 EPS for the current fiscal year.

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