Financial Counselors Inc. Has $3.45 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Financial Counselors Inc. boosted its position in The TJX Companies, Inc. (NYSE:TJX) by 6.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,536 shares of the apparel and home fashions retailer’s stock after buying an additional 1,636 shares during the period. Financial Counselors Inc.’s holdings in TJX Companies were worth $3,447,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Penobscot Investment Management Company Inc. increased its holdings in shares of TJX Companies by 2.0% during the fourth quarter. Penobscot Investment Management Company Inc. now owns 103,742 shares of the apparel and home fashions retailer’s stock valued at $12,533,000 after acquiring an additional 2,028 shares in the last quarter. UNIVEST FINANCIAL Corp grew its position in TJX Companies by 3.2% in the 4th quarter. UNIVEST FINANCIAL Corp now owns 94,445 shares of the apparel and home fashions retailer’s stock valued at $11,410,000 after purchasing an additional 2,885 shares during the period. Momentous Wealth Management Inc. acquired a new stake in TJX Companies in the 4th quarter valued at $215,000. Meiji Yasuda Asset Management Co Ltd. increased its stake in TJX Companies by 1.7% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 87,879 shares of the apparel and home fashions retailer’s stock valued at $10,617,000 after purchasing an additional 1,476 shares in the last quarter. Finally, Zions Bancorporation N.A. raised its holdings in TJX Companies by 43.2% during the fourth quarter. Zions Bancorporation N.A. now owns 21,951 shares of the apparel and home fashions retailer’s stock worth $2,652,000 after buying an additional 6,624 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TJX Companies

In other news, 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 transaction, the chief executive officer now directly owns 484,189 shares of the company’s stock, valued at $59,569,772.67. This trade represents a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the business’s stock in a transaction on 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. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on TJX shares. Barclays lifted their price objective on shares of TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Telsey Advisory Group reiterated an “outperform” rating and set a $145.00 price target on shares of TJX Companies in a research note on Thursday, February 27th. BMO Capital Markets increased their price objective on TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Guggenheim lifted their target price on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Wells Fargo & Company increased their price target on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $135.06.

TJX Companies Trading Up 0.7 %

Shares of TJX stock opened at $120.55 on Friday. 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 50 day moving average of $121.69 and a 200-day moving average of $120.19. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. The firm has a market cap of $135.51 billion, a P/E ratio of 28.36, a PEG ratio of 2.75 and a beta of 0.96.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $16.35 billion for the quarter, compared to analysts’ expectations of $16.24 billion. Sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current 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.