The TJX Companies, Inc. (NYSE:TJX) Holdings Raised by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. boosted its stake in The TJX Companies, Inc. (NYSE:TJX) by 7.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,644 shares of the apparel and home fashions retailer’s stock after buying an additional 1,534 shares during the period. Brown Brothers Harriman & Co.’s holdings in TJX Companies were worth $2,615,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Bogart Wealth LLC acquired a new stake in TJX Companies in the fourth quarter worth approximately $25,000. Trivant Custom Portfolio Group LLC bought a new position in TJX Companies during the fourth quarter valued at about $26,000. Legacy Investment Solutions LLC bought a new stake in TJX Companies in the third quarter worth about $30,000. SOA Wealth Advisors LLC. acquired a new stake in TJX Companies in the 4th quarter valued at about $30,000. Finally, Millstone Evans Group LLC bought a new position in shares of TJX Companies during the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on TJX. BMO Capital Markets lifted their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research note on Thursday. Guggenheim increased their price target on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. UBS Group boosted their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Finally, Robert W. Baird upped their price objective on shares of TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $135.06.

TJX Companies Stock Down 2.1 %

TJX opened at $118.06 on Friday. The firm has a market cap of $132.72 billion, a P/E ratio of 27.78, a price-to-earnings-growth 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. The business has a 50 day moving average price of $121.61 and a 200 day moving average price of $120.22. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data 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. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $16.35 billion during the quarter, compared to analysts’ expectations of $16.24 billion. Research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Insider Activity

In other news, CEO Ernie Herrman sold 23,428 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total value of $2,882,346.84. Following the sale, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the company’s 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 disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

TJX Companies Company 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.