BRYN MAWR TRUST Co reduced its holdings in shares of TJX Companies Inc (NYSE:TJX) by 1.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 186,673 shares of the apparel and home fashions retailer’s stock after selling 2,183 shares during the quarter. BRYN MAWR TRUST Co’s holdings in TJX Companies were worth $14,273,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Beacon Financial Group purchased a new stake in TJX Companies in the 4th quarter worth approximately $1,777,000. Lenox Wealth Management Inc. lifted its stake in TJX Companies by 75.1% in the 3rd quarter. Lenox Wealth Management Inc. now owns 3,427 shares of the apparel and home fashions retailer’s stock worth $252,000 after purchasing an additional 1,470 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in TJX Companies in the 3rd quarter worth approximately $628,000. First Citizens Bank & Trust Co. lifted its stake in TJX Companies by 55.5% in the 4th quarter. First Citizens Bank & Trust Co. now owns 5,132 shares of the apparel and home fashions retailer’s stock worth $392,000 after purchasing an additional 1,832 shares in the last quarter. Finally, Hexavest Inc. lifted its stake in TJX Companies by 1.7% in the 4th quarter. Hexavest Inc. now owns 629,870 shares of the apparel and home fashions retailer’s stock worth $48,160,000 after purchasing an additional 10,632 shares in the last quarter. Institutional investors own 90.93% of the company’s stock.

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TJX Companies Inc (TJX) opened at $81.39 on Tuesday. The company has a market cap of $51,475.75, a price-to-earnings ratio of 20.15, a PEG ratio of 1.62 and a beta of 0.68. TJX Companies Inc has a twelve month low of $66.44 and a twelve month high of $84.79. The company has a quick ratio of 0.84, a current ratio of 1.66 and a debt-to-equity ratio of 0.43.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.37 EPS for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.10. TJX Companies had a net margin of 7.27% and a return on equity of 55.23%. The firm had revenue of $10.96 billion for the quarter, compared to analyst estimates of $10.75 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. equities research analysts expect that TJX Companies Inc will post 4.86 earnings per share for the current fiscal year.

TJX Companies declared that its board has approved a stock buyback plan on Wednesday, February 28th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the apparel and home fashions retailer to reacquire shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board believes its shares are undervalued.

In related news, CEO Ernie Herrman sold 10,000 shares of the stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $84.00, for a total transaction of $840,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Amy B. Lane sold 1,000 shares of the stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $82.81, for a total transaction of $82,810.00. Following the transaction, the director now directly owns 15,998 shares in the company, valued at approximately $1,324,794.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 77,855 shares of company stock worth $6,502,443. 0.23% of the stock is owned by insiders.

TJX has been the topic of several recent analyst reports. Wells Fargo cut shares of TJX Companies from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $76.00 to $72.00 in a research note on Wednesday, January 3rd. Guggenheim reiterated a “buy” rating and issued a $86.00 target price on shares of TJX Companies in a research note on Friday, December 15th. Zacks Investment Research upgraded shares of TJX Companies from a “hold” rating to a “strong-buy” rating and set a $88.00 target price on the stock in a research note on Friday, February 16th. Cowen set a $88.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a research note on Wednesday, December 13th. Finally, Buckingham Research reiterated a “buy” rating and issued a $95.00 target price (up from $90.00) on shares of TJX Companies in a research note on Thursday, March 1st. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $87.30.

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TJX Companies Profile

The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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