Washington Trust Bank Reduces Holdings in The TJX Companies, Inc. (NYSE:TJX)

Washington Trust Bank trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 140,828 shares of the apparel and home fashions retailer's stock after selling 6,255 shares during the quarter. TJX Companies comprises about 1.6% of Washington Trust Bank's holdings, making the stock its 17th largest position. Washington Trust Bank's holdings in TJX Companies were worth $17,013,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its stake in TJX Companies by 1.7% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer's stock worth $603,000 after purchasing an additional 84 shares during the last quarter. Nwam LLC boosted its stake in shares of TJX Companies by 2.0% in the 4th quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer's stock valued at $524,000 after purchasing an additional 84 shares in the last quarter. Hartford Funds Management Co LLC boosted its stake in shares of TJX Companies by 0.5% during the third quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer's stock valued at $2,107,000 after purchasing an additional 86 shares during the period. One Charles Private Wealth Services LLC increased its position in shares of TJX Companies by 5.0% in the fourth quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer's stock valued at $218,000 after acquiring an additional 86 shares during the period. Finally, Hamilton Capital LLC raised its stake in shares of TJX Companies by 3.9% during the third quarter. Hamilton Capital LLC now owns 2,413 shares of the apparel and home fashions retailer's stock valued at $273,000 after acquiring an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Guggenheim boosted 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. StockNews.com downgraded TJX Companies from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. BMO Capital Markets lifted their price target on shares of TJX Companies from $133.00 to $145.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. UBS Group raised 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. Finally, Robert W. Baird increased their price target on shares of TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, TJX Companies currently has a consensus 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 stock was sold at an average price of $123.03, for a total transaction 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 approximately $59,569,772.67. This represents a 4.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of TJX Companies 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 disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

TJX Companies Stock Performance

NYSE TJX traded up $0.28 on Tuesday, hitting $119.88. 1,069,542 shares of the company traded hands, compared to its average volume of 4,851,537. The business's 50 day moving average price is $121.68 and its 200-day moving average price is $120.16. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $134.76 billion, a price-to-earnings ratio of 28.21, a P/E/G ratio of 2.75 and a beta of 0.96.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $16.35 billion for the quarter, compared to analysts' expectations of $16.24 billion. Equities analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current 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.