Davis R M Inc. Cuts Holdings in The TJX Companies, Inc. (NYSE:TJX)

Davis R M Inc. lowered its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 684,365 shares of the apparel and home fashions retailer's stock after selling 9,395 shares during the quarter. TJX Companies makes up 1.6% of Davis R M Inc.'s holdings, making the stock its 16th largest position. Davis R M Inc. owned about 0.06% of TJX Companies worth $82,678,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Congress Asset Management Co. raised its holdings in shares of TJX Companies by 1.1% during the fourth 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 acquiring an additional 13,036 shares during the last quarter. Atlas Legacy Advisors LLC acquired a new position in shares of TJX Companies during the fourth quarter valued at approximately $433,000. BLB&B Advisors LLC increased its holdings in shares of TJX Companies by 2.8% in the fourth 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 purchasing an additional 2,201 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of TJX Companies by 12.1% in the fourth quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer's stock valued at $4,130,000 after purchasing an additional 3,691 shares during the last quarter. Finally, Boyd Watterson Asset Management LLC OH acquired a new stake in shares of TJX Companies in the fourth quarter valued at approximately $604,000. Hedge funds and other institutional investors own 91.09% of the company's stock.

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Insider Buying and Selling

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction on Wednesday, March 5th. The shares were 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 owns 484,189 shares in the company, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their position. 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 issued reports on TJX shares. Wells Fargo & Company raised their target price on TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Friday, January 10th. Jefferies Financial Group raised their target price on TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Barclays raised their target price on TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Deutsche Bank Aktiengesellschaft raised their target price on TJX Companies from $130.00 to $131.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Finally, Guggenheim raised their target price on TJX Companies from $135.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, TJX Companies has an average rating of "Moderate Buy" and a consensus price target of $135.06.

TJX Companies Stock Down 1.3 %

TJX Companies stock traded down $1.48 during midday trading on Tuesday, reaching $116.13. The company's stock had a trading volume of 6,518,035 shares, compared to its average volume of 4,875,339. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. 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 $130.55 billion, a P/E ratio of 27.33, a P/E/G ratio of 2.75 and a beta of 0.96. The business has a 50-day simple moving average of $122.61 and a 200-day simple moving average of $120.33.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $16.35 billion for the quarter, compared to analysts' expectations of $16.24 billion. On average, research analysts expect 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.