Trust Investment Advisors Decreases Holdings in The TJX Companies, Inc. (NYSE:TJX)

Trust Investment Advisors cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 14.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,562 shares of the apparel and home fashions retailer's stock after selling 3,118 shares during the period. TJX Companies accounts for 1.4% of Trust Investment Advisors' portfolio, making the stock its 12th biggest position. Trust Investment Advisors' holdings in TJX Companies were worth $2,242,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in TJX. Howard Capital Management Group LLC increased its position in shares of TJX Companies by 42.9% during the third quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer's stock valued at $27,208,000 after buying an additional 69,489 shares during the period. Centaurus Financial Inc. bought a new stake in TJX Companies during the 3rd quarter valued at approximately $101,000. Brown Brothers Harriman & Co. grew its holdings in shares of TJX Companies by 20.4% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 20,110 shares of the apparel and home fashions retailer's stock worth $2,364,000 after acquiring an additional 3,411 shares during the period. Truvestments Capital LLC bought a new position in shares of TJX Companies in the 3rd quarter worth approximately $29,000. Finally, Private Trust Co. NA lifted its stake in shares of TJX Companies by 3.9% in the 3rd quarter. Private Trust Co. NA now owns 14,652 shares of the apparel and home fashions retailer's stock valued at $1,722,000 after purchasing an additional 553 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other TJX Companies 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 transaction of $2,882,346.84. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of TJX Companies 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 company insiders.

Wall Street Analysts Forecast Growth

TJX has been the topic of a number of recent research reports. Robert W. Baird upped their target price on shares of TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. StockNews.com upgraded TJX Companies from a "hold" rating to a "buy" rating in a research note on Thursday. Guggenheim raised their price target on TJX Companies from $135.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Barclays upped their price target on shares of TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Finally, BMO Capital Markets raised their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $135.06.

TJX Companies Stock Performance

Shares of NYSE:TJX traded down $2.51 during midday trading on Friday, hitting $118.06. The company had a trading volume of 3,742,276 shares, compared to its average volume of 5,199,483. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The company has a market cap of $132.72 billion, a price-to-earnings ratio of 27.78, a PEG ratio of 2.75 and a beta of 0.96. The company has a fifty day moving average of $121.61 and a two-hundred day moving average of $120.22.

TJX Companies (NYSE:TJX - Get Free Report) 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, topping analysts' consensus estimates of $1.16 by $0.07. The business had revenue of $16.35 billion during 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%. On average, equities research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

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.