S.A. Mason LLC Lowers Holdings in The TJX Companies, Inc. (NYSE:TJX)

S.A. Mason LLC lowered its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 17,472 shares of the apparel and home fashions retailer’s stock after selling 498 shares during the period. TJX Companies makes up about 1.1% of S.A. Mason LLC’s portfolio, making the stock its 17th biggest position. S.A. Mason LLC’s holdings in TJX Companies were worth $1,639,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in TJX. OmniStar Financial Group Inc. purchased a new stake in TJX Companies during the fourth quarter worth $244,000. PFG Investments LLC lifted its position in TJX Companies by 7.1% during the fourth quarter. PFG Investments LLC now owns 14,275 shares of the apparel and home fashions retailer’s stock valued at $1,339,000 after acquiring an additional 951 shares during the last quarter. Trust Co of the South acquired a new stake in TJX Companies in the fourth quarter valued at approximately $264,000. Bar Harbor Wealth Management grew its holdings in TJX Companies by 0.3% in the fourth quarter. Bar Harbor Wealth Management now owns 95,075 shares of the apparel and home fashions retailer’s stock worth $8,919,000 after purchasing an additional 284 shares during the last quarter. Finally, Alhambra Investment Management LLC increased its position in shares of TJX Companies by 2.0% during the fourth quarter. Alhambra Investment Management LLC now owns 5,433 shares of the apparel and home fashions retailer’s stock worth $510,000 after purchasing an additional 108 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TJX has been the topic of a number of recent research reports. UBS Group upped their target price on TJX Companies from $95.00 to $104.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. BMO Capital Markets raised their target price on shares of TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Redburn Atlantic lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target on the stock. in a report on Monday, February 5th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $105.00 price objective on shares of TJX Companies in a research note on Wednesday, February 28th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $102.19.

Insider Activity

In related news, EVP Louise Greenlees sold 2,694 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $98.83, for a total transaction of $266,248.02. Following the transaction, the executive vice president now owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction on Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the completion of the sale, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $98.98, for a total value of $1,979,600.00. Following the completion of the transaction, the chief executive officer now directly owns 515,801 shares in the company, valued at approximately $51,053,982.98. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

TJX Companies Trading Up 1.8 %

Shares of TJX stock opened at $101.08 on Thursday. The TJX Companies, Inc. has a 1-year low of $75.40 and a 1-year high of $102.84. The company has a market cap of $114.58 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 2.56 and a beta of 0.86. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.21 and a quick ratio of 0.64. The stock has a 50 day simple moving average of $97.47 and a 200-day simple moving average of $92.88.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.10. The company had revenue of $16.41 billion for the quarter, compared to the consensus estimate of $16.20 billion. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 earnings per share. On average, equities research analysts expect that The TJX Companies, Inc. will post 4.06 EPS for the current fiscal year.

TJX Companies declared that its Board of Directors has approved a stock buyback plan on Wednesday, February 28th that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the apparel and home fashions retailer to repurchase up to 2.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

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.