Portland Global Advisors LLC Acquires Shares of 1,716 The TJX Companies, Inc. (NYSE:TJX)

Portland Global Advisors LLC acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 1,716 shares of the apparel and home fashions retailer’s stock, valued at approximately $207,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bogart Wealth LLC purchased a new stake in TJX Companies during the 4th quarter worth about $25,000. Trivant Custom Portfolio Group LLC acquired a new stake in shares of TJX Companies during the 4th quarter worth about $26,000. Legacy Investment Solutions LLC purchased a new stake in TJX Companies during the third quarter worth approximately $30,000. SOA Wealth Advisors LLC. acquired a new position in TJX Companies in the fourth quarter valued at approximately $30,000. Finally, Millstone Evans Group LLC purchased a new position in TJX Companies in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Buying and Selling

In other news, Director Alan M. Bennett sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ernie Herrman sold 23,428 shares of the company’s 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 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 position. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Down 2.1 %

TJX opened at $118.06 on Friday. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. 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 business’s fifty day moving average is $121.61 and its two-hundred day moving average is $120.22. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. The firm had revenue of $16.35 billion for the quarter, compared to analysts’ expectations of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. Analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on TJX shares. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Thursday. Robert W. Baird boosted their price objective on TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Morgan Stanley raised their target price on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Wells Fargo & Company increased their price target on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Finally, Guggenheim increased their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and an average target price of $135.06.

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.