The TJX Companies, Inc. (NYSE:TJX) Shares Sold by SouthState Corp

SouthState Corp trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 192,965 shares of the apparel and home fashions retailer’s stock after selling 1,526 shares during the period. TJX Companies makes up 1.5% of SouthState Corp’s portfolio, making the stock its 14th biggest position. SouthState Corp’s holdings in TJX Companies were worth $23,312,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Bogart Wealth LLC acquired a new position in TJX Companies during the 4th quarter worth $25,000. Trivant Custom Portfolio Group LLC acquired a new position in TJX Companies during the 4th quarter worth $26,000. Truvestments Capital LLC acquired a new position in TJX Companies during the 3rd quarter worth $29,000. Legacy Investment Solutions LLC acquired a new position in TJX Companies during the 3rd quarter worth $30,000. Finally, SOA Wealth Advisors LLC. acquired a new position in TJX Companies during the 4th quarter worth $30,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 23,428 shares of the business’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 sale, the chief executive officer now directly owns 484,189 shares in the company, valued at $59,569,772.67. The trade was a 4.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alan M. Bennett sold 8,000 shares of the business’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 transaction of $988,240.00. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Up 0.4 %

TJX stock opened at $113.27 on Monday. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The company has a market capitalization of $127.34 billion, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The firm’s 50-day moving average is $122.18 and its two-hundred day moving average is $120.20. 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 released its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 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 company had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. On average, analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on TJX. Telsey Advisory Group reissued an “outperform” rating and set a $145.00 price objective on shares of TJX Companies in a report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Morgan Stanley lifted their price target on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Guggenheim lifted their price target on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Barclays lifted their price target on shares of TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $135.06.

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.