FineMark National Bank & Trust Sells 3,313 Shares of The TJX Companies, Inc. (NYSE:TJX)

FineMark National Bank & Trust lowered its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203,651 shares of the apparel and home fashions retailer's stock after selling 3,313 shares during the period. TJX Companies accounts for 0.9% of FineMark National Bank & Trust's holdings, making the stock its 24th largest holding. FineMark National Bank & Trust's holdings in TJX Companies were worth $24,603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bogart Wealth LLC acquired a new position in shares of TJX Companies in the fourth quarter valued at approximately $25,000. Trivant Custom Portfolio Group LLC bought a new position in shares of TJX Companies during the fourth quarter valued at $26,000. Truvestments Capital LLC acquired a new position in shares of TJX Companies during the third quarter worth $29,000. Legacy Investment Solutions LLC acquired a new stake in TJX Companies in the third quarter valued at $30,000. Finally, SOA Wealth Advisors LLC. bought a new position in TJX Companies during the 4th quarter worth $30,000. Institutional investors own 91.09% of the company's stock.

Insider Activity

In related news, CEO Ernie Herrman sold 23,428 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total transaction 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 trade represents a 4.62 % decrease in their ownership of the stock. The transaction 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 company's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms recently commented on TJX. Robert W. Baird lifted their price objective on TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Barclays upped their price objective on shares of TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. StockNews.com raised shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Thursday. Jefferies Financial Group upped their price target on shares of TJX Companies from $140.00 to $145.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Finally, UBS Group lifted their price objective on TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, TJX Companies presently has a consensus rating of "Moderate Buy" and an average price target of $135.06.

TJX Companies Stock Down 2.7 %

TJX stock traded down $3.28 during midday trading on Friday, reaching $117.29. 1,643,513 shares of the company's stock traded hands, compared to its average volume of 4,802,562. 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 firm's fifty day moving average price is $121.69 and its 200-day moving average price is $120.19. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The company has a market cap of $131.85 billion, a price-to-earnings ratio of 27.59, a P/E/G ratio of 2.75 and a beta of 0.96.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share 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 net margin of 8.63% and a return on equity of 61.82%. As a group, sell-side analysts forecast 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.