Oakworth Capital Inc. Boosts Stake in TJX Companies Inc (TJX)

Oakworth Capital Inc. lifted its holdings in TJX Companies Inc (NYSE:TJX) by 100.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,554 shares of the apparel and home fashions retailer’s stock after buying an additional 7,277 shares during the period. Oakworth Capital Inc.’s holdings in TJX Companies were worth $652,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. Adirondack Trust Co. grew its holdings in shares of TJX Companies by 100.0% in the fourth quarter. Adirondack Trust Co. now owns 580 shares of the apparel and home fashions retailer’s stock valued at $26,000 after purchasing an additional 290 shares in the last quarter. Westside Investment Management Inc. grew its holdings in TJX Companies by 100.0% during the 4th quarter. Westside Investment Management Inc. now owns 600 shares of the apparel and home fashions retailer’s stock worth $27,000 after acquiring an additional 300 shares in the last quarter. Edge Wealth Management LLC grew its holdings in TJX Companies by 100.0% during the 4th quarter. Edge Wealth Management LLC now owns 650 shares of the apparel and home fashions retailer’s stock worth $29,000 after acquiring an additional 325 shares in the last quarter. Sterling Investment Advisors Ltd. grew its holdings in TJX Companies by 100.0% during the 4th quarter. Sterling Investment Advisors Ltd. now owns 660 shares of the apparel and home fashions retailer’s stock worth $29,000 after acquiring an additional 330 shares in the last quarter. Finally, Lenox Wealth Advisors LLC grew its holdings in TJX Companies by 100.0% during the 4th quarter. Lenox Wealth Advisors LLC now owns 734 shares of the apparel and home fashions retailer’s stock worth $33,000 after acquiring an additional 367 shares in the last quarter. 89.77% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Amy B. Lane sold 1,000 shares of the company’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $51.79, for a total value of $51,790.00. Following the completion of the sale, the director now owns 31,092 shares in the company, valued at approximately $1,610,254.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.20% of the stock is owned by corporate insiders.



Several research analysts have commented on the stock. Cfra upgraded shares of TJX Companies to a “buy” rating and set a $60.00 price target for the company in a report on Thursday, February 28th. Barclays set a $56.00 price target on shares of TJX Companies and gave the stock a “hold” rating in a report on Thursday, February 28th. Credit Suisse Group boosted their price target on shares of TJX Companies from $50.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, February 28th. Morgan Stanley boosted their price objective on shares of TJX Companies from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, February 28th. Finally, MKM Partners boosted their price objective on shares of TJX Companies from $58.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, February 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $55.06.

TJX stock opened at $52.34 on Monday. TJX Companies Inc has a 12 month low of $39.86 and a 12 month high of $56.64. The firm has a market capitalization of $64.54 billion, a P/E ratio of 24.81, a price-to-earnings-growth ratio of 1.84 and a beta of 0.66. The company has a quick ratio of 0.70, a current ratio of 1.53 and a debt-to-equity ratio of 0.44.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, February 27th. The apparel and home fashions retailer reported $0.68 EPS for the quarter, meeting the consensus estimate of $0.68. TJX Companies had a net margin of 7.85% and a return on equity of 57.42%. The firm had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.01 billion. During the same quarter in the prior year, the firm earned $1.30 EPS. TJX Companies’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, equities research analysts forecast that TJX Companies Inc will post 2.61 earnings per share for the current fiscal year.

TJX Companies announced that its board has approved a stock repurchase plan on Wednesday, February 27th that allows the company to repurchase $2.25 billion in shares. This repurchase authorization allows the apparel and home fashions retailer to reacquire up to 3.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

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TJX Companies Company Profile

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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