Private Harbour Investment Management & Counsel LLC Sells 1,445 Shares of The TJX Companies, Inc. (NYSE:TJX)

Private Harbour Investment Management & Counsel LLC decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,456 shares of the apparel and home fashions retailer’s stock after selling 1,445 shares during the period. TJX Companies accounts for about 3.2% of Private Harbour Investment Management & Counsel LLC’s investment portfolio, making the stock its 11th largest position. Private Harbour Investment Management & Counsel LLC’s holdings in TJX Companies were worth $2,955,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of TJX Companies by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer’s stock worth $11,998,201,000 after acquiring an additional 578,948 shares during the period. State Street Corp boosted its stake in TJX Companies by 1.0% in the 3rd quarter. State Street Corp now owns 47,556,435 shares of the apparel and home fashions retailer’s stock worth $5,589,783,000 after purchasing an additional 469,287 shares during the period. Geode Capital Management LLC grew its holdings in TJX Companies by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 23,857,584 shares of the apparel and home fashions retailer’s stock valued at $2,795,121,000 after buying an additional 363,707 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of TJX Companies by 7.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,182,564 shares of the apparel and home fashions retailer’s stock valued at $1,079,319,000 after buying an additional 643,833 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of TJX Companies by 9.9% in the third quarter. Franklin Resources Inc. now owns 7,271,499 shares of the apparel and home fashions retailer’s stock worth $837,951,000 after buying an additional 657,529 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TJX. StockNews.com downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. BMO Capital Markets lifted their target price on TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Telsey Advisory Group restated an “outperform” rating and set a $145.00 price target on shares of TJX Companies in a report on Thursday, February 27th. UBS Group upped their price objective on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, Jefferies Financial Group raised their target price on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and a consensus price target of $135.06.

TJX Companies Stock Performance

TJX stock opened at $120.05 on Wednesday. The firm has a market cap of $134.96 billion, a price-to-earnings ratio of 28.25, a PEG ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The business’s fifty day simple moving average is $121.69 and its two-hundred day simple moving average is $120.20.

TJX Companies (NYSE:TJX) last announced 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. The company had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. Analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Insider Buying and Selling

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 transaction of $2,882,346.84. Following the completion of the sale, the chief executive officer now owns 484,189 shares of the company’s stock, 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 insiders.

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.