NBT Bank N A NY Trims Stock Position in The TJX Companies, Inc. (NYSE:TJX)

NBT Bank N A NY cut its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 67,090 shares of the apparel and home fashions retailer’s stock after selling 1,126 shares during the quarter. NBT Bank N A NY’s holdings in TJX Companies were worth $8,105,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Simplicity Wealth LLC purchased a new position in shares of TJX Companies during the fourth quarter worth approximately $222,000. Sound View Wealth Advisors Group LLC boosted its stake in shares of TJX Companies by 23.5% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 17,509 shares of the apparel and home fashions retailer’s stock valued at $2,115,000 after purchasing an additional 3,327 shares in the last quarter. Argentarii LLC bought a new position in shares of TJX Companies during the fourth quarter valued at approximately $412,000. Coordinated Financial Services Inc. bought a new position in shares of TJX Companies during the fourth quarter valued at approximately $293,000. Finally, Personal CFO Solutions LLC boosted its stake in shares of TJX Companies by 2.6% during the fourth quarter. Personal CFO Solutions LLC now owns 4,888 shares of the apparel and home fashions retailer’s stock valued at $591,000 after purchasing an additional 126 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Trading Down 1.2 %

NYSE TJX opened at $119.18 on Monday. The company has a fifty day simple moving average of $122.77 and a two-hundred day simple moving average of $120.37. The stock 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 TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. The business had revenue of $16.35 billion during 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%. On average, analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 23,428 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 484,189 shares of the company’s stock, valued at $59,569,772.67. This trade represents a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on TJX shares. StockNews.com downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Morgan Stanley increased their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Wells Fargo & Company increased their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Telsey Advisory Group reiterated an “outperform” rating and set a $145.00 price objective on shares of TJX Companies in a research note on Thursday, February 27th. Finally, Evercore ISI increased their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $135.06.

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.