BOK Financial Private Wealth Inc. Lowers Position in The TJX Companies, Inc. (NYSE:TJX)

BOK Financial Private Wealth Inc. cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 16.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 559 shares of the apparel and home fashions retailer’s stock after selling 113 shares during the quarter. BOK Financial Private Wealth Inc.’s holdings in TJX Companies were worth $68,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TJX. Bogart Wealth LLC purchased a new stake in shares of TJX Companies during the fourth quarter valued at approximately $25,000. Trivant Custom Portfolio Group LLC purchased a new stake in shares of TJX Companies during the fourth quarter valued at approximately $26,000. Capital Performance Advisors LLP purchased a new stake in shares of TJX Companies during the third quarter valued at approximately $29,000. Truvestments Capital LLC purchased a new stake in shares of TJX Companies during the third quarter valued at approximately $29,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of TJX Companies during the third quarter valued at approximately $30,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Down 1.2 %

TJX opened at $119.18 on Monday. The company has a market cap of $133.98 billion, a P/E ratio of 28.04, a P/E/G ratio of 2.75 and a beta of 0.96. The business’s 50-day moving average price is $122.77 and its 200-day moving average price is $120.37. 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 TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $16.24 billion. On average, equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of research analyst reports. Wells Fargo & Company increased their price target on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Morgan Stanley raised their target price on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Evercore ISI raised their price target on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. BMO Capital Markets raised their price target on TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $145.00 price target on shares of TJX Companies in a report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $135.06.

Insider Activity at TJX Companies

In related news, Director Alan M. Bennett sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 value of $2,882,346.84. Following the transaction, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

About TJX Companies

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.