1,716 Shares in The TJX Companies, Inc. (NYSE:TJX) Acquired by Portland Global Advisors LLC

Portland Global Advisors LLC purchased a new stake in The TJX Companies, Inc. (NYSE:TJX) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 1,716 shares of the apparel and home fashions retailer’s stock, valued at approximately $207,000.

Several other institutional investors also recently made changes to their positions in the stock. Bogart Wealth LLC acquired a new position in TJX Companies in the fourth quarter valued at $25,000. Trivant Custom Portfolio Group LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at about $26,000. Legacy Investment Solutions LLC purchased a new stake in shares of TJX Companies during the 3rd quarter worth about $30,000. SOA Wealth Advisors LLC. acquired a new stake in TJX Companies during the 4th quarter worth approximately $30,000. Finally, Millstone Evans Group LLC acquired a new stake in TJX Companies during the 4th quarter worth approximately $30,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Down 2.1 %

TJX stock opened at $118.06 on Friday. The stock has a market cap of $132.72 billion, a PE ratio of 27.78, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The firm’s 50-day simple moving average is $121.61 and its 200 day simple moving average is $120.22. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week 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.

TJX Companies (NYSE:TJX) last released its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Analysts Set New Price Targets

TJX has been the topic of a number of recent research reports. Morgan Stanley boosted their price objective on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Barclays upped their price target on TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Robert W. Baird increased their price objective on shares of TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Wells Fargo & Company boosted their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Finally, Guggenheim increased their price target on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $135.06.

Insiders Place Their Bets

In other news, 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 value of $2,882,346.84. Following the completion of the sale, the chief executive officer now directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alan M. Bennett sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by 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.