Woodmont Investment Counsel LLC Cuts Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Woodmont Investment Counsel LLC reduced its stake in The TJX Companies, Inc. (NYSE:TJX) by 2.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 8,763 shares of the apparel and home fashions retailer’s stock after selling 207 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in TJX Companies were worth $1,059,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Howard Capital Management Group LLC boosted its holdings in TJX Companies by 42.9% during the third quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock worth $27,208,000 after purchasing an additional 69,489 shares during the last quarter. LPL Financial LLC lifted its position in shares of TJX Companies by 3.9% during the 3rd quarter. LPL Financial LLC now owns 875,211 shares of the apparel and home fashions retailer’s stock worth $102,872,000 after buying an additional 32,806 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in shares of TJX Companies by 22.9% in the 3rd quarter. Eagle Asset Management Inc. now owns 64,814 shares of the apparel and home fashions retailer’s stock worth $7,637,000 after buying an additional 12,059 shares during the last quarter. Meridian Wealth Management LLC bought a new position in shares of TJX Companies in the third quarter valued at approximately $888,000. Finally, Great Valley Advisor Group Inc. increased its position in shares of TJX Companies by 49.4% during the third quarter. Great Valley Advisor Group Inc. now owns 38,501 shares of the apparel and home fashions retailer’s stock valued at $4,525,000 after acquiring an additional 12,724 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TJX shares. UBS Group boosted their price objective on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Barclays increased their price target on shares of TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. Robert W. Baird raised their price objective on shares of TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Wells Fargo & Company boosted their target price on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Finally, StockNews.com lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and an average target price of $135.06.

Insider Transactions at TJX Companies

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 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. 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 available through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the firm’s 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. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Down 0.1 %

Shares of NYSE TJX opened at $116.09 on Monday. 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 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 TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The business has a 50-day simple moving average of $121.69 and a two-hundred day simple moving average of $120.15.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 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 company had revenue of $16.35 billion during the quarter, compared to analysts’ expectations of $16.24 billion. Research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies 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.