Nvest Financial LLC Boosts Stake in The TJX Companies, Inc. (NYSE:TJX)

Nvest Financial LLC grew its stake in The TJX Companies, Inc. (NYSE:TJXFree Report) by 26.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 18,069 shares of the apparel and home fashions retailer’s stock after purchasing an additional 3,814 shares during the period. TJX Companies makes up approximately 1.3% of Nvest Financial LLC’s holdings, making the stock its 25th biggest holding. Nvest Financial LLC’s holdings in TJX Companies were worth $1,695,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Alhambra Investment Management LLC grew its position in TJX Companies by 2.0% in the 4th quarter. Alhambra Investment Management LLC now owns 5,433 shares of the apparel and home fashions retailer’s stock worth $510,000 after purchasing an additional 108 shares during the last quarter. First Business Financial Services Inc. lifted its position in TJX Companies by 0.6% in the 3rd quarter. First Business Financial Services Inc. now owns 18,177 shares of the apparel and home fashions retailer’s stock worth $1,616,000 after buying an additional 113 shares in the last quarter. WNY Asset Management LLC raised its holdings in shares of TJX Companies by 4.8% during the 3rd quarter. WNY Asset Management LLC now owns 2,511 shares of the apparel and home fashions retailer’s stock valued at $223,000 after purchasing an additional 115 shares in the last quarter. Panagora Asset Management Inc. raised its holdings in shares of TJX Companies by 0.5% during the 2nd quarter. Panagora Asset Management Inc. now owns 23,720 shares of the apparel and home fashions retailer’s stock valued at $2,011,000 after purchasing an additional 117 shares in the last quarter. Finally, Avior Wealth Management LLC grew its stake in TJX Companies by 3.3% in the 3rd quarter. Avior Wealth Management LLC now owns 3,728 shares of the apparel and home fashions retailer’s stock valued at $331,000 after buying an additional 119 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Down 1.6 %

NYSE TJX traded down $1.58 on Monday, reaching $99.84. The company had a trading volume of 1,376,770 shares, compared to its average volume of 5,001,564. The firm has a market capitalization of $113.18 billion, a price-to-earnings ratio of 26.02, a price-to-earnings-growth ratio of 2.61 and a beta of 0.86. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.64 and a current ratio of 1.21. The TJX Companies, Inc. has a 1-year low of $75.65 and a 1-year high of $102.84. The company’s fifty day moving average is $97.86 and its 200-day moving average is $93.07.

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

TJX Companies announced that its board has initiated a stock buyback program on Wednesday, February 28th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the apparel and home fashions retailer to reacquire up to 2.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

TJX has been the topic of several research analyst reports. Redburn Atlantic lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target on the stock. in a research report on Monday, February 5th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $105.00 price objective on shares of TJX Companies in a 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 analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $102.19.

Check Out Our Latest Report on TJX Companies

Insider Activity

In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $98.83, for a total value of $266,248.02. Following the transaction, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 50,273 shares in the company, valued at approximately $4,968,480.59. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction, the chief executive officer now 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 owned by insiders.

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.

Further Reading

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

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