Intrust Bank NA Has $3 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Intrust Bank NA lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 24,804 shares of the apparel and home fashions retailer’s stock after buying an additional 237 shares during the quarter. Intrust Bank NA’s holdings in TJX Companies were worth $2,997,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 23,428 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the completion of the transaction, the chief executive officer now directly owns 484,189 shares in the company, valued at $59,569,772.67. This trade represents a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. 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. Telsey Advisory Group reiterated an “outperform” rating and issued a $145.00 price objective on shares of TJX Companies in a research note on Thursday, February 27th. Robert W. Baird increased their target price on shares of TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Guggenheim lifted their price target on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Barclays increased their price target on TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $135.06.

TJX Companies Stock Performance

TJX Companies stock opened at $118.06 on Friday. The business has a 50 day moving average of $121.61 and a 200-day moving average of $120.20. 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 TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The company has a market capitalization 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.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) 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 firm had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. On average, equities research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

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.