Homestead Advisers Corp Increases Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Homestead Advisers Corp lifted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 3.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 565,000 shares of the apparel and home fashions retailer’s stock after acquiring an additional 21,200 shares during the quarter. TJX Companies makes up approximately 1.6% of Homestead Advisers Corp’s investment portfolio, making the stock its 29th biggest position. Homestead Advisers Corp’s holdings in TJX Companies were worth $68,258,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in TJX Companies in the fourth quarter worth about $570,342,000. DJE Kapital AG bought a new stake in shares of TJX Companies in the 4th quarter worth approximately $140,068,000. Provident Trust Co. grew its stake in shares of TJX Companies by 71.3% in the 4th quarter. Provident Trust Co. now owns 2,723,149 shares of the apparel and home fashions retailer’s stock worth $328,984,000 after buying an additional 1,133,486 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in TJX Companies by 161.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,786,652 shares of the apparel and home fashions retailer’s stock valued at $210,003,000 after buying an additional 1,102,912 shares in the last quarter. Finally, Capital Wealth Planning LLC boosted its holdings in TJX Companies by 39.1% in the fourth quarter. Capital Wealth Planning LLC now owns 3,658,245 shares of the apparel and home fashions retailer’s stock worth $441,953,000 after acquiring an additional 1,027,456 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer now owns 484,189 shares of the company’s stock, valued at $59,569,772.67. The trade was a 4.62 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

TJX Companies Trading Down 0.2 %

Shares of TJX stock opened at $119.66 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The company has a market cap of $134.51 billion, a price-to-earnings ratio of 28.15, a PEG ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The firm has a fifty day moving average price of $121.71 and a 200-day moving average price of $120.19.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $16.24 billion. As a group, equities analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TJX shares. Guggenheim lifted their price target on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Morgan Stanley increased their price target on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. BMO Capital Markets boosted 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. StockNews.com downgraded TJX Companies from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Finally, Barclays boosted their price target on TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.06.

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.