Amica Mutual Insurance Co. Decreases Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Amica Mutual Insurance Co. trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 21.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,834 shares of the apparel and home fashions retailer's stock after selling 5,009 shares during the period. Amica Mutual Insurance Co.'s holdings in TJX Companies were worth $2,155,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in shares of TJX Companies in the fourth quarter worth about $570,342,000. DJE Kapital AG bought a new stake in TJX Companies during the fourth quarter valued at $140,068,000. Provident Trust Co. grew its holdings in shares of TJX Companies by 71.3% during the fourth quarter. Provident Trust Co. now owns 2,723,149 shares of the apparel and home fashions retailer's stock worth $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% in 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 worth $210,003,000 after buying an additional 1,102,912 shares in the last quarter. Finally, Capital Wealth Planning LLC increased its stake in TJX Companies by 39.1% in the fourth quarter. Capital Wealth Planning LLC now owns 3,658,245 shares of the apparel and home fashions retailer's stock valued at $441,953,000 after acquiring an additional 1,027,456 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

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 sale, the chief executive officer now directly owns 484,189 shares of the company's stock, valued at approximately $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 SEC, which can be accessed through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction that occurred 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. 0.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on TJX shares. Telsey Advisory Group restated an "outperform" rating and issued a $145.00 target price on shares of TJX Companies in a research report on Thursday, February 27th. Barclays boosted their price objective on shares of TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Wells Fargo & Company lifted their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Friday, January 10th. UBS Group raised their price objective on TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Finally, Guggenheim increased their target price on TJX Companies from $135.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, TJX Companies presently has a consensus rating of "Moderate Buy" and a consensus target price of $135.06.

TJX Companies Stock Performance

NYSE TJX traded down $2.51 on Friday, reaching $118.06. 3,742,276 shares of the stock were exchanged, compared to its average volume of 5,199,483. 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 TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The firm has a market capitalization of $132.72 billion, a PE ratio of 27.78, a PEG ratio of 2.75 and a beta of 0.96. The company's 50-day simple moving average is $121.61 and its two-hundred day simple moving average is $120.22.

TJX Companies (NYSE:TJX - Get Free Report) last announced 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. The firm had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. Analysts expect that The TJX Companies, Inc. will post 4.18 EPS 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.