Saturna Capital Corp Acquires 145 Shares of The TJX Companies, Inc. (NYSE:TJX)

Saturna Capital Corp lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,231,020 shares of the apparel and home fashions retailer’s stock after buying an additional 145 shares during the period. TJX Companies accounts for about 2.0% of Saturna Capital Corp’s investment portfolio, making the stock its 17th biggest holding. Saturna Capital Corp’s holdings in TJX Companies were worth $148,720,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bogart Wealth LLC acquired a new position in TJX Companies during the 4th quarter worth approximately $25,000. Trivant Custom Portfolio Group LLC acquired a new position in TJX Companies during the 4th quarter valued at about $26,000. Capital Performance Advisors LLP bought a new stake in TJX Companies during the 3rd quarter worth approximately $29,000. Legacy Investment Solutions LLC bought a new position in shares of TJX Companies in the third quarter valued at approximately $30,000. Finally, Truvestments Capital LLC purchased a new position in shares of TJX Companies during the third quarter valued at approximately $29,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Trading Down 1.3 %

NYSE:TJX opened at $116.13 on Wednesday. The company has a market cap of $130.55 billion, a P/E ratio of 27.33, a P/E/G ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The stock’s fifty day moving average price is $122.61 and its two-hundred day moving average price is $120.33.

TJX Companies (NYSE:TJX) last announced 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. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. As a group, analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TJX shares. TD Cowen lifted their target price on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Guggenheim boosted their price objective on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Robert W. Baird lifted their target price on TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, BMO Capital Markets raised their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Three research 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, the company has a consensus rating of “Moderate Buy” and an average target price of $135.06.

Insiders Place Their Bets

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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the completion of the transaction, the chief executive officer now owns 484,189 shares in the company, valued at $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

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.