Private Harbour Investment Management & Counsel LLC Sells 1,445 Shares of The TJX Companies, Inc. (NYSE:TJX)

Private Harbour Investment Management & Counsel LLC reduced its position in The TJX Companies, Inc. (NYSE:TJX) by 5.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 24,456 shares of the apparel and home fashions retailer’s stock after selling 1,445 shares during the quarter. TJX Companies comprises 3.2% of Private Harbour Investment Management & Counsel LLC’s investment portfolio, making the stock its 11th largest holding. Private Harbour Investment Management & Counsel LLC’s holdings in TJX Companies were worth $2,955,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Momentous Wealth Management Inc. purchased a new position in TJX Companies in the fourth quarter worth $215,000. Meiji Yasuda Asset Management Co Ltd. grew its stake in TJX Companies by 1.7% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 87,879 shares of the apparel and home fashions retailer’s stock worth $10,617,000 after buying an additional 1,476 shares during the last quarter. Zions Bancorporation N.A. increased its position in TJX Companies by 43.2% during the 4th quarter. Zions Bancorporation N.A. now owns 21,951 shares of the apparel and home fashions retailer’s stock valued at $2,652,000 after buying an additional 6,624 shares in the last quarter. Ashton Thomas Securities LLC raised its stake in TJX Companies by 2.5% in the fourth quarter. Ashton Thomas Securities LLC now owns 7,705 shares of the apparel and home fashions retailer’s stock valued at $932,000 after buying an additional 188 shares during the last quarter. Finally, TD Asset Management Inc. boosted its holdings in TJX Companies by 3.8% in the fourth quarter. TD Asset Management Inc. now owns 4,837,972 shares of the apparel and home fashions retailer’s stock worth $584,475,000 after acquiring an additional 177,473 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were 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.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $120.05 on Wednesday. The firm has a market cap of $134.96 billion, a PE ratio of 28.25, a P/E/G ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average price of $121.69 and a 200 day moving average price of $120.20.

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 the consensus estimate of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. Sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on TJX shares. Barclays increased 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. Jefferies Financial Group lifted their price objective on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Morgan Stanley upped their target price on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Robert W. Baird lifted their price target on TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $145.00 price objective on shares of TJX Companies in a report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, TJX Companies presently 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.