Runnymede Capital Advisors Inc. Invests $154,000 in The TJX Companies, Inc. (NYSE:TJX)

Runnymede Capital Advisors Inc. purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,277 shares of the apparel and home fashions retailer’s stock, valued at approximately $154,000.

Several other large investors have also modified their holdings of the stock. Mizuho Securities USA LLC raised its stake in shares of TJX Companies by 45.9% during the fourth quarter. Mizuho Securities USA LLC now owns 106,897 shares of the apparel and home fashions retailer’s stock worth $12,914,000 after purchasing an additional 33,613 shares during the last quarter. Sciencast Management LP grew its holdings in TJX Companies by 114.2% during the fourth quarter. Sciencast Management LP now owns 25,218 shares of the apparel and home fashions retailer’s stock worth $3,047,000 after acquiring an additional 13,443 shares during the period. Millstone Evans Group LLC acquired a new position in TJX Companies during the fourth quarter worth $30,000. 1620 Investment Advisors Inc. grew its holdings in TJX Companies by 1.8% during the fourth quarter. 1620 Investment Advisors Inc. now owns 18,882 shares of the apparel and home fashions retailer’s stock worth $2,281,000 after acquiring an additional 329 shares during the period. Finally, TD Private Client Wealth LLC grew its holdings in TJX Companies by 3.8% during the fourth quarter. TD Private Client Wealth LLC now owns 12,178 shares of the apparel and home fashions retailer’s stock worth $1,471,000 after acquiring an additional 442 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling

In related news, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the transaction, the chief executive officer now owns 484,189 shares in the company, valued at $59,569,772.67. This trade represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TJX. TD Cowen upped their price objective on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Guggenheim upped their price objective on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Jefferies Financial Group upped their price objective on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. StockNews.com lowered TJX Companies from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Finally, Morgan Stanley upped their target price on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and an average target price of $135.06.

TJX Companies Stock Down 0.1 %

Shares of NYSE:TJX opened at $116.09 on Friday. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The stock’s fifty day simple moving average is $121.69 and its 200-day simple moving average is $120.12. The company has a market capitalization of $130.51 billion, a P/E ratio of 27.32, a P/E/G ratio of 2.75 and a beta of 0.96.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. As a group, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

About TJX Companies

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.