Emerald Advisers LLC Reduces Holdings in The TJX Companies, Inc. (NYSE:TJX)

Emerald Advisers LLC decreased its holdings in The TJX Companies, Inc. (NYSE:TJX) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,833 shares of the apparel and home fashions retailer’s stock after selling 255 shares during the quarter. Emerald Advisers LLC’s holdings in TJX Companies were worth $1,430,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in TJX. Raymond James Financial Inc. purchased a new position in shares of TJX Companies in the fourth quarter worth approximately $570,342,000. DJE Kapital AG bought a new stake in TJX Companies during the 4th quarter worth approximately $140,068,000. Provident Trust Co. raised its stake in TJX Companies by 71.3% during the 4th quarter. Provident Trust Co. now owns 2,723,149 shares of the apparel and home fashions retailer’s stock worth $328,984,000 after acquiring an additional 1,133,486 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its stake in TJX Companies by 161.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,786,652 shares of the apparel and home fashions retailer’s stock worth $210,003,000 after acquiring an additional 1,102,912 shares during the period. Finally, Capital Wealth Planning LLC raised its stake in TJX Companies by 39.1% during the 4th quarter. Capital Wealth Planning LLC now owns 3,658,245 shares of the apparel and home fashions retailer’s stock worth $441,953,000 after acquiring an additional 1,027,456 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Down 0.1 %

Shares of TJX opened at $116.09 on Monday. The company’s fifty day moving average is $121.69 and its 200 day moving average is $120.15. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The stock has a market capitalization of $130.51 billion, a PE ratio of 27.32, a P/E/G ratio of 2.75 and a beta of 0.96. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

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 for the quarter, topping the consensus estimate 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 analysts’ expectations of $16.24 billion. Sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TJX has been the topic of a number of recent analyst reports. Wells Fargo & Company raised 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 note on Friday, January 10th. Guggenheim raised their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. UBS Group raised their target price on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. StockNews.com cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Finally, Robert W. Baird raised their target price on shares of TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and an average target price of $135.06.

Insider Buying and Selling

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the transaction, the chief executive officer now directly owns 484,189 shares of the company’s stock, valued at $59,569,772.67. The trade was a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

TJX Companies 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.