Dorsey & Whitney Trust CO LLC Increases Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Dorsey & Whitney Trust CO LLC lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,103 shares of the apparel and home fashions retailer’s stock after acquiring an additional 177 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in TJX Companies were worth $1,100,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TJX. Raymond James Financial Inc. acquired a new stake in TJX Companies during the 4th quarter valued at approximately $570,342,000. DJE Kapital AG acquired a new stake in TJX Companies during the 4th quarter valued at approximately $140,068,000. Provident Trust Co. grew its stake in TJX Companies by 71.3% during the 4th quarter. Provident Trust Co. now owns 2,723,149 shares of the apparel and home fashions retailer’s stock valued at $328,984,000 after purchasing an additional 1,133,486 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in TJX Companies by 161.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,786,652 shares of the apparel and home fashions retailer’s stock valued at $210,003,000 after purchasing an additional 1,102,912 shares in the last quarter. Finally, Capital Wealth Planning LLC grew its position in shares of TJX Companies by 39.1% in the 4th quarter. Capital Wealth Planning LLC now owns 3,658,245 shares of the apparel and home fashions retailer’s stock worth $441,953,000 after acquiring an additional 1,027,456 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at TJX Companies

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

TJX Companies Stock Down 1.2 %

TJX opened at $119.18 on Monday. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The stock’s fifty day moving average is $122.77 and its 200-day moving average is $120.37. The company has a market capitalization of $133.98 billion, a PE ratio of 28.04, a P/E/G ratio of 2.75 and a beta of 0.96.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. The company had revenue of $16.35 billion for 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%. On average, equities analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $145.00 target price on shares of TJX Companies in a research report on Thursday, February 27th. BMO Capital Markets lifted their target price on TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Evercore ISI lifted their target price on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Robert W. Baird lifted their target price on TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Finally, StockNews.com lowered TJX Companies from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $135.06.

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.