Weik Capital Management Has $13.44 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Weik Capital Management cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 111,235 shares of the apparel and home fashions retailer’s stock after selling 1,439 shares during the quarter. TJX Companies accounts for 5.5% of Weik Capital Management’s holdings, making the stock its 5th largest position. Weik Capital Management’s holdings in TJX Companies were worth $13,438,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Bogart Wealth LLC bought a new position in shares of TJX Companies in the fourth quarter worth $25,000. Trivant Custom Portfolio Group LLC bought a new position in TJX Companies in the 4th quarter valued at about $26,000. Truvestments Capital LLC bought a new position in TJX Companies in the 3rd quarter valued at about $29,000. Legacy Investment Solutions LLC acquired a new position in shares of TJX Companies in the 3rd quarter valued at approximately $30,000. Finally, SOA Wealth Advisors LLC. bought a new stake in shares of TJX Companies during the 4th quarter worth approximately $30,000. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Performance

NYSE:TJX opened at $120.55 on Friday. 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 TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The company has a 50 day simple moving average of $121.69 and a two-hundred day simple moving average of $120.19. The company has a market capitalization of $135.51 billion, a PE ratio of 28.36, a P/E/G ratio of 2.75 and a beta of 0.96.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share 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 the consensus estimate of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. Research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 23,428 shares of the business’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 sale, 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on TJX. Telsey Advisory Group restated an “outperform” rating and set a $145.00 price objective on shares of TJX Companies in a research report on Thursday, February 27th. Morgan Stanley boosted their price target on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Wells Fargo & Company raised their price objective 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. BMO Capital Markets increased their target price 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. Finally, Robert W. Baird lifted their price target on shares of TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.