Enterprise Bank & Trust Co Sells 610 Shares of The TJX Companies, Inc. (NYSE:TJX)

Enterprise Bank & Trust Co cut its holdings in The TJX Companies, Inc. (NYSE:TJXFree Report) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,118 shares of the apparel and home fashions retailer’s stock after selling 610 shares during the period. TJX Companies makes up 1.1% of Enterprise Bank & Trust Co’s investment portfolio, making the stock its 21st biggest holding. Enterprise Bank & Trust Co’s holdings in TJX Companies were worth $3,201,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Daymark Wealth Partners LLC raised its position in shares of TJX Companies by 142.4% during the fourth quarter. Daymark Wealth Partners LLC now owns 13,908 shares of the apparel and home fashions retailer’s stock valued at $1,305,000 after buying an additional 8,171 shares during the last quarter. Ayrshire Capital Management LLC raised its position in shares of TJX Companies by 2.7% during the fourth quarter. Ayrshire Capital Management LLC now owns 59,197 shares of the apparel and home fashions retailer’s stock valued at $5,553,000 after buying an additional 1,573 shares during the last quarter. Jackson Square Capital LLC raised its position in shares of TJX Companies by 77.7% during the fourth quarter. Jackson Square Capital LLC now owns 35,488 shares of the apparel and home fashions retailer’s stock valued at $3,329,000 after buying an additional 15,515 shares during the last quarter. Wedmont Private Capital raised its position in TJX Companies by 27.6% in the fourth quarter. Wedmont Private Capital now owns 11,359 shares of the apparel and home fashions retailer’s stock worth $1,054,000 after purchasing an additional 2,458 shares in the last quarter. Finally, Central Bank & Trust Co. raised its position in TJX Companies by 8.0% in the fourth quarter. Central Bank & Trust Co. now owns 19,566 shares of the apparel and home fashions retailer’s stock worth $1,835,000 after purchasing an additional 1,452 shares in the last quarter. 89.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Louise Greenlees sold 2,694 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the sale, the executive vice president now directly owns 50,273 shares in the company, valued at $4,968,480.59. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by company insiders.

TJX Companies Trading Down 1.1 %

TJX traded down $1.08 during mid-day trading on Friday, hitting $97.55. The stock had a trading volume of 7,609,857 shares, compared to its average volume of 5,455,291. The stock’s fifty day simple moving average is $96.90 and its 200-day simple moving average is $92.55. 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 $110.58 billion, a price-to-earnings ratio of 25.27, a price-to-earnings-growth ratio of 2.55 and a beta of 0.86. The TJX Companies, Inc. has a 1-year low of $73.57 and a 1-year high of $102.84.

TJX Companies (NYSE:TJXGet Free Report) last posted its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.10. The company had revenue of $16.41 billion for the quarter, compared to analyst estimates of $16.20 billion. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period last year, the business posted $0.89 earnings per share. As a group, research analysts forecast that The TJX Companies, Inc. will post 4.06 EPS for the current fiscal year.

TJX Companies announced that its Board of Directors has approved a share repurchase program on Wednesday, February 28th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the apparel and home fashions retailer to purchase up to 2.2% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TJX. Redburn Atlantic lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target for the company. in a research report on Monday, February 5th. Telsey Advisory Group reissued an “outperform” rating and issued a $105.00 price target on shares of TJX Companies in a research report on Wednesday, February 28th. 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 report on Thursday, February 29th. Finally, 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 report on Friday, March 1st. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $102.19.

View Our Latest Stock Analysis on TJX Companies

About TJX Companies

(Free Report)

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.

See Also

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

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