Johnson Investment Counsel Inc. Lowers Position in The TJX Companies, Inc. (NYSE:TJX)

Johnson Investment Counsel Inc. decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 909,966 shares of the apparel and home fashions retailer’s stock after selling 4,801 shares during the period. TJX Companies comprises about 1.1% of Johnson Investment Counsel Inc.’s holdings, making the stock its 22nd largest holding. Johnson Investment Counsel Inc. owned about 0.08% of TJX Companies worth $109,933,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TJX. Raymond James Financial Inc. bought a new stake in shares of TJX Companies during the 4th quarter valued at $570,342,000. DJE Kapital AG bought a new stake in TJX Companies during the fourth quarter worth about $140,068,000. Provident Trust Co. grew its holdings in TJX Companies by 71.3% in the fourth quarter. Provident Trust Co. now owns 2,723,149 shares of the apparel and home fashions retailer’s stock worth $328,984,000 after purchasing an additional 1,133,486 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of TJX Companies by 161.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,786,652 shares of the apparel and home fashions retailer’s stock valued at $210,003,000 after purchasing an additional 1,102,912 shares in the last quarter. Finally, Capital Wealth Planning LLC lifted its holdings in shares of TJX Companies by 39.1% during the fourth quarter. Capital Wealth Planning LLC now owns 3,658,245 shares of the apparel and home fashions retailer’s stock valued at $441,953,000 after purchasing an additional 1,027,456 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Down 1.2 %

Shares of TJX stock opened at $119.18 on Monday. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. The stock has a market cap of $133.98 billion, a P/E ratio of 28.04, a P/E/G ratio of 2.75 and a beta of 0.96. The company has a 50 day simple moving average of $122.77 and a two-hundred day simple moving average of $120.37.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS 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 firm had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. On average, research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Insider Activity

In other news, CEO Ernie Herrman sold 23,428 shares of the 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 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. This represents a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction dated 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.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Guggenheim upped their price target on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised their price target on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. TD Cowen upped their price target on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. UBS Group raised their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, Morgan Stanley upped their target price on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.06.

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.