Strategic Financial Services Inc. Acquires 388 Shares of The TJX Companies, Inc. (NYSE:TJX)

Strategic Financial Services Inc. lifted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 2.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 13,583 shares of the apparel and home fashions retailer’s stock after buying an additional 388 shares during the quarter. Strategic Financial Services Inc.’s holdings in TJX Companies were worth $1,641,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Congress Asset Management Co. grew its position in shares of TJX Companies by 1.1% in the 4th quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer’s stock valued at $148,456,000 after purchasing an additional 13,036 shares during the period. Atlas Legacy Advisors LLC bought a new stake in TJX Companies in the 4th quarter valued at approximately $433,000. BLB&B Advisors LLC lifted its stake in TJX Companies by 2.8% in the 4th quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer’s stock valued at $9,795,000 after acquiring an additional 2,201 shares in the last quarter. Empowered Funds LLC lifted its stake in TJX Companies by 12.1% in the 4th quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer’s stock valued at $4,130,000 after acquiring an additional 3,691 shares in the last quarter. Finally, Boyd Watterson Asset Management LLC OH bought a new stake in TJX Companies in the 4th quarter valued at approximately $604,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Up 2.4 %

TJX opened at $117.98 on Thursday. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The stock’s fifty day simple moving average is $121.88 and its 200 day simple moving average is $120.15. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The stock has a market cap of $132.63 billion, a PE ratio of 27.76, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share 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 business had revenue of $16.35 billion for the quarter, compared to analysts’ expectations of $16.24 billion. As a group, research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the company’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 transaction, the chief executive officer now directly owns 484,189 shares of the company’s stock, valued at $59,569,772.67. This represents a 4.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the company’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. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on TJX shares. TD Cowen boosted their target price on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Deutsche Bank Aktiengesellschaft boosted their target price on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Wells Fargo & Company boosted their target price on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Robert W. Baird boosted their target price on TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Finally, StockNews.com cut TJX Companies from a “buy” rating to a “hold” rating in a research note 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. Based on data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and a consensus target price of $135.06.

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.