UNIVEST FINANCIAL Corp Raises Stock Position in The TJX Companies, Inc. (NYSE:TJX)

UNIVEST FINANCIAL Corp boosted its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 94,445 shares of the apparel and home fashions retailer's stock after buying an additional 2,885 shares during the period. UNIVEST FINANCIAL Corp's holdings in TJX Companies were worth $11,410,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Bogart Wealth LLC acquired a new position in shares of TJX Companies in the 4th quarter worth approximately $25,000. Trivant Custom Portfolio Group LLC acquired a new position in TJX Companies during the 4th quarter worth $26,000. Truvestments Capital LLC purchased a new stake in TJX Companies during the 3rd quarter worth about $29,000. Legacy Investment Solutions LLC acquired a new stake in TJX Companies in the 3rd quarter valued at about $30,000. Finally, SOA Wealth Advisors LLC. purchased a new position in shares of TJX Companies in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 91.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on TJX shares. Telsey Advisory Group restated an "outperform" rating and set a $145.00 target price on shares of TJX Companies 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 report on Thursday. Wells Fargo & Company lifted their price objective 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. Barclays increased their target price on TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Finally, UBS Group lifted their price target on TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $135.06.

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TJX Companies Stock Performance

NYSE:TJX traded down $2.51 during trading hours on Friday, reaching $118.06. 3,742,276 shares of the company's stock were exchanged, compared to its average volume of 5,199,483. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year 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 firm has a market capitalization of $132.72 billion, a price-to-earnings ratio of 27.78, a P/E/G ratio of 2.75 and a beta of 0.96. The company has a 50-day moving average of $121.61 and a 200 day moving average of $120.22.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.07. The business had revenue of $16.35 billion during 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%. Research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 23,428 shares of the business'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 in the company, valued at $59,569,772.67. The trade was a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Alan M. Bennett sold 8,000 shares of the firm's stock in a transaction dated 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. Company insiders own 0.13% of the company's stock.

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.