The TJX Companies, Inc. (NYSE:TJX) Stock Position Decreased by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. reduced its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 909,966 shares of the apparel and home fashions retailer's stock after selling 4,801 shares during the period. TJX Companies makes up about 1.1% of Johnson Investment Counsel Inc.'s investment portfolio, making the stock its 22nd biggest holding. Johnson Investment Counsel Inc. owned approximately 0.08% of TJX Companies worth $109,933,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Bogart Wealth LLC purchased a new stake in shares of TJX Companies during the fourth quarter worth about $25,000. Trivant Custom Portfolio Group LLC purchased a new position in shares of TJX Companies during the 4th quarter valued at approximately $26,000. Capital Performance Advisors LLP acquired a new stake in shares of TJX Companies during the third quarter worth approximately $29,000. Truvestments Capital LLC bought a new stake in shares of TJX Companies in the third quarter worth $29,000. Finally, Legacy Investment Solutions LLC acquired a new stake in TJX Companies in the third quarter valued at $30,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

Shares of NYSE TJX traded down $1.11 during midday trading on Tuesday, hitting $116.50. 4,352,566 shares of the company's stock were exchanged, compared to its average volume of 4,864,986. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. The firm has a market cap of $130.96 billion, a P/E ratio of 27.42, a PEG ratio of 2.75 and a beta of 0.96. The stock's 50 day moving average price is $122.70 and its 200-day moving average price is $120.35. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

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TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly 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 during 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%. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. UBS Group boosted their target price on shares of TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Barclays increased their target price on TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Evercore ISI boosted their price target on TJX Companies from $138.00 to $142.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. Wells Fargo & Company raised their price objective 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. Finally, Jefferies Financial Group boosted their target price on shares of TJX Companies from $140.00 to $145.00 and gave the company 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 issued a buy rating to the company's stock. According to MarketBeat.com, TJX Companies has an average rating of "Moderate Buy" and an average price target of $135.06.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 484,189 shares in the company, 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 legal filing with the SEC, which is accessible through this link. Also, Director Alan M. Bennett sold 8,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were 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. 0.13% of the stock is currently owned by insiders.

TJX Companies Company 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.