Umpqua Bank Increases Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Umpqua Bank raised its position in The TJX Companies, Inc. (NYSE:TJX) by 9.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,617 shares of the apparel and home fashions retailer’s stock after purchasing an additional 218 shares during the period. Umpqua Bank’s holdings in TJX Companies were worth $312,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TJX. Bogart Wealth LLC purchased a new position in TJX Companies in the 4th quarter valued at $25,000. Trivant Custom Portfolio Group LLC purchased a new position in TJX Companies in the 4th quarter valued at $26,000. Truvestments Capital LLC purchased a new position in TJX Companies in the 3rd quarter valued at $29,000. Legacy Investment Solutions LLC acquired a new stake in shares of TJX Companies in the 3rd quarter worth $30,000. Finally, SOA Wealth Advisors LLC. acquired a new stake in shares of TJX Companies in the 4th quarter worth $30,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on TJX. UBS Group raised their target price on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. BMO Capital Markets raised their target price on TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $145.00 target price on shares of TJX Companies in a research note on Thursday, February 27th. Guggenheim raised their target price on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Jefferies Financial Group raised their target price on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $135.06.

Insider Activity

In other news, CEO Ernie Herrman sold 23,428 shares of TJX Companies 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 completion of the transaction, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction dated Thursday, February 27th. The shares were 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.

TJX Companies Stock Performance

NYSE TJX opened at $116.09 on Friday. The company has a market cap of $130.51 billion, a P/E ratio of 27.32, a P/E/G ratio of 2.75 and a beta of 0.96. 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 stock has a 50-day moving average of $121.69 and a two-hundred day moving average of $120.12. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data 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. The business had revenue of $16.35 billion during the quarter, compared to analysts’ expectations of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. As a group, analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS 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.