Trust Investment Advisors Sells 3,118 Shares of The TJX Companies, Inc. (NYSE:TJX)

Trust Investment Advisors reduced its position in The TJX Companies, Inc. (NYSE:TJX) by 14.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,562 shares of the apparel and home fashions retailer’s stock after selling 3,118 shares during the quarter. TJX Companies accounts for about 1.4% of Trust Investment Advisors’ holdings, making the stock its 12th largest holding. Trust Investment Advisors’ holdings in TJX Companies were worth $2,242,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Bogart Wealth LLC bought a new stake in shares of TJX Companies in the 4th quarter valued at about $25,000. Trivant Custom Portfolio Group LLC bought a new stake in TJX Companies in the fourth quarter valued at approximately $26,000. Legacy Investment Solutions LLC purchased a new stake in shares of TJX Companies during the third quarter valued at approximately $30,000. Truvestments Capital LLC bought a new position in shares of TJX Companies in the third quarter worth approximately $29,000. Finally, SOA Wealth Advisors LLC. purchased a new position in shares of TJX Companies in the fourth quarter worth $30,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Up 0.4 %

NYSE:TJX opened at $120.05 on Wednesday. The company’s 50 day moving average is $121.69 and its two-hundred day moving average is $120.20. The company has a market cap of $134.96 billion, a PE ratio of 28.25, a P/E/G ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. The firm had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. Analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TJX shares. Robert W. Baird boosted their target price on TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Guggenheim upped their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. StockNews.com cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. BMO Capital Markets raised their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Finally, Jefferies Financial Group increased their target price on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $135.06.

Insider Activity

In other news, CEO Ernie Herrman sold 23,428 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were 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 directly owns 484,189 shares of the company’s stock, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

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.