Choate Investment Advisors Raises Stake in The TJX Companies, Inc. (NYSE:TJX)

Choate Investment Advisors lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 12.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 229,007 shares of the apparel and home fashions retailer’s stock after buying an additional 26,213 shares during the period. TJX Companies accounts for approximately 0.7% of Choate Investment Advisors’ portfolio, making the stock its 23rd largest holding. Choate Investment Advisors’ holdings in TJX Companies were worth $27,672,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of TJX. Diversified Enterprises LLC grew its position in shares of TJX Companies by 10.1% in the fourth quarter. Diversified Enterprises LLC now owns 2,802 shares of the apparel and home fashions retailer’s stock valued at $339,000 after purchasing an additional 258 shares during the period. Natixis Advisors LLC boosted its stake in TJX Companies by 2.1% in the 4th quarter. Natixis Advisors LLC now owns 1,303,876 shares of the apparel and home fashions retailer’s stock worth $157,521,000 after buying an additional 27,409 shares during the last quarter. Clearstead Trust LLC grew its holdings in TJX Companies by 1.5% in the 4th quarter. Clearstead Trust LLC now owns 19,753 shares of the apparel and home fashions retailer’s stock valued at $2,386,000 after buying an additional 294 shares during the period. Zevin Asset Management LLC increased its stake in shares of TJX Companies by 8.5% during the 4th quarter. Zevin Asset Management LLC now owns 200,864 shares of the apparel and home fashions retailer’s stock valued at $24,266,000 after acquiring an additional 15,746 shares during the last quarter. Finally, Buckley Wealth Management LLC lifted its holdings in shares of TJX Companies by 1.4% during the 4th quarter. Buckley Wealth Management LLC now owns 19,811 shares of the apparel and home fashions retailer’s stock worth $2,393,000 after acquiring an additional 264 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of TJX Companies 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 completion of the sale, the chief executive officer now owns 484,189 shares in the company, valued at $59,569,772.67. The trade was a 4.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the company’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 disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

TJX Companies Price Performance

NYSE:TJX opened at $113.27 on Friday. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The company has a market capitalization of $127.34 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 2.75 and a beta of 0.96. The company has a 50-day moving average of $122.18 and a 200-day moving average of $120.20.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.07. The firm had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. As a group, equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Morgan Stanley boosted 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. Barclays upped their price objective on shares of TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. BMO Capital Markets raised their price objective on TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Wells Fargo & Company increased their target price on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective 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. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently 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.