Franklin Street Advisors Inc. NC Decreases Holdings in The TJX Companies, Inc. (NYSE:TJX)

Franklin Street Advisors Inc. NC lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 12.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 289,249 shares of the apparel and home fashions retailer’s stock after selling 41,072 shares during the quarter. TJX Companies comprises about 2.2% of Franklin Street Advisors Inc. NC’s holdings, making the stock its 13th biggest holding. Franklin Street Advisors Inc. NC’s holdings in TJX Companies were worth $27,134,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of TJX. Moneta Group Investment Advisors LLC grew its position 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 worth $1,575,168,000 after acquiring an additional 19,766,602 shares during the last quarter. Morgan Stanley grew its stake in TJX Companies by 88.1% in 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 acquiring an additional 12,468,119 shares during the last quarter. Norges Bank acquired a new stake in shares of TJX Companies during the fourth quarter valued at $891,631,000. Ontario Teachers Pension Plan Board acquired a new position in shares of TJX Companies in the first quarter valued at approximately $408,331,000. Finally, FMR LLC raised its holdings in TJX Companies by 13.1% in the 3rd 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 acquiring an additional 6,036,764 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Up 0.3 %

Shares of NYSE TJX opened at $101.42 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $114.97 billion, a PE ratio of 26.27, a price-to-earnings-growth ratio of 2.60 and a beta of 0.86. The firm’s 50-day moving average is $97.61 and its 200-day moving average is $92.94. The TJX Companies, Inc. has a 1 year low of $75.65 and a 1 year high of $102.84.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS 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 company had revenue of $16.41 billion during the quarter, compared to analysts’ expectations of $16.20 billion. During the same quarter in the previous year, the company posted $0.89 EPS. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. Equities analysts expect that The TJX Companies, Inc. will post 4.06 EPS for the current year.

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

Insider Activity

In related news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 515,801 shares in the company, valued at $51,053,982.98. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was 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 approximately $51,053,982.98. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Louise Greenlees sold 2,694 shares of the 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 directly owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

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.