Whittier Trust Co. of Nevada Inc. Increases Holdings in The TJX Companies, Inc. (NYSE:TJX)

Whittier Trust Co. of Nevada Inc. raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 251,440 shares of the apparel and home fashions retailer’s stock after buying an additional 10,805 shares during the quarter. TJX Companies comprises about 0.7% of Whittier Trust Co. of Nevada Inc.’s investment portfolio, making the stock its 25th biggest holding. Whittier Trust Co. of Nevada Inc.’s holdings in TJX Companies were worth $30,376,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in TJX. Bogart Wealth LLC purchased a new position in shares of TJX Companies in the fourth quarter worth $25,000. Trivant Custom Portfolio Group LLC bought a new stake in shares of TJX Companies in the fourth quarter worth $26,000. Truvestments Capital LLC bought a new stake in shares of TJX Companies in the third quarter worth $29,000. Legacy Investment Solutions LLC bought a new stake in shares of TJX Companies in the third quarter worth $30,000. Finally, SOA Wealth Advisors LLC. bought a new stake 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 Performance

NYSE TJX opened at $116.12 on Friday. The firm has a market cap of $130.54 billion, a price-to-earnings ratio of 27.32, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average price of $121.76 and a 200-day moving average price of $120.13. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00.

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 during the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. As a group, equities research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Barclays lifted their price objective on TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Jefferies Financial Group lifted their price objective on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. StockNews.com lowered TJX Companies from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Evercore ISI lifted their price objective on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Finally, TD Cowen lifted their price objective on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.06.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 23,428 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the business’s stock in a transaction dated 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. 0.13% of the stock is owned by company insiders.

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.