Cornercap Investment Counsel Inc. Has $880,000 Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Cornercap Investment Counsel Inc. lessened its holdings in The TJX Companies, Inc. (NYSE:TJX) by 3.4% during the fourth quarter, HoldingsChannel reports. The firm owned 7,285 shares of the apparel and home fashions retailer’s stock after selling 254 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in TJX Companies were worth $880,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of TJX. Bogart Wealth LLC acquired a new stake in shares of TJX Companies in the 4th quarter valued at approximately $25,000. Trivant Custom Portfolio Group LLC bought a new position in TJX Companies during the 4th quarter worth approximately $26,000. Legacy Investment Solutions LLC acquired a new position in TJX Companies in the third quarter valued at $30,000. Truvestments Capital LLC acquired a new position in shares of TJX Companies in the 3rd quarter valued at about $29,000. Finally, SOA Wealth Advisors LLC. bought a new stake in shares of TJX Companies during the 4th quarter valued at about $30,000. Institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TJX. UBS Group lifted their target price on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Wells Fargo & Company boosted their price objective on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Robert W. Baird increased their target price on TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Guggenheim raised their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $135.06.

TJX Companies Stock Down 2.1 %

TJX stock opened at $118.06 on Friday. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The stock has a market cap of $132.72 billion, a P/E ratio of 27.78, a P/E/G ratio of 2.75 and a beta of 0.96. The stock’s fifty day simple moving average is $121.61 and its two-hundred day simple moving average is $120.20. 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 posted its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. Analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Insider Activity

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

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.