Everett Harris & Co. CA Purchases 16,853 Shares of The TJX Companies, Inc. (NYSE:TJX)

Everett Harris & Co. CA lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,139,066 shares of the apparel and home fashions retailer’s stock after buying an additional 16,853 shares during the quarter. TJX Companies comprises approximately 1.5% of Everett Harris & Co. CA’s investment portfolio, making the stock its 17th largest position. Everett Harris & Co. CA’s holdings in TJX Companies were worth $106,856,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TJX. ICA Group Wealth Management LLC bought a new position in shares of TJX Companies during the fourth quarter valued at $27,000. Anchor Investment Management LLC purchased a new position in TJX Companies in the 4th quarter worth about $28,000. Householder Group Estate & Retirement Specialist LLC bought a new position in TJX Companies during the 3rd quarter valued at about $29,000. BKM Wealth Management LLC purchased a new stake in shares of TJX Companies during the 4th quarter valued at about $30,000. Finally, Cornerstone Planning Group LLC purchased a new position in shares of TJX Companies during the second quarter valued at approximately $33,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Price Performance

TJX Companies stock traded up $1.78 during mid-day trading on Wednesday, hitting $101.08. The stock had a trading volume of 5,454,124 shares, compared to its average volume of 5,067,052. The firm has a market capitalization of $114.58 billion, a P/E ratio of 26.23, a P/E/G ratio of 2.53 and a beta of 0.86. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 0.39. The firm’s 50 day moving average is $97.47 and its 200 day moving average is $92.88. The TJX Companies, Inc. has a one year low of $75.40 and a one year high of $102.84.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating the consensus estimate of $1.12 by $0.10. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The business had revenue of $16.41 billion during the quarter, compared to the consensus estimate of $16.20 billion. During the same quarter in the prior year, the firm earned $0.89 EPS. The business’s revenue was up 13.0% on a year-over-year basis. On average, sell-side analysts forecast that The TJX Companies, Inc. will post 4.06 earnings per share for the current fiscal year.

TJX Companies announced that its Board of Directors has initiated a stock buyback program on Wednesday, February 28th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the apparel and home fashions retailer to reacquire up to 2.2% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts have commented on TJX shares. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $105.00 target price on shares of TJX Companies in a research report on Wednesday, February 28th. Redburn Atlantic cut TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective for the company. in a research report on Monday, February 5th. BMO Capital Markets raised their target price on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Finally, UBS Group upped their price target on shares of TJX Companies from $95.00 to $104.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and a consensus target price of $102.19.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the completion of the transaction, the executive vice president now owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Louise Greenlees sold 2,694 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $98.83, for a total value of $266,248.02. Following the completion of the transaction, the executive vice president now owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the completion of the transaction, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

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.