Washington Trust Advisors Inc. Has $65,000 Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Washington Trust Advisors Inc. reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 24.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 692 shares of the apparel and home fashions retailer’s stock after selling 221 shares during the quarter. Washington Trust Advisors Inc.’s holdings in TJX Companies were worth $65,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TJX. Fairfield Bush & CO. bought a new position in shares of TJX Companies during the 1st quarter valued at about $68,000. United Bank raised its stake in shares of TJX Companies by 9.2% during the 1st quarter. United Bank now owns 15,197 shares of the apparel and home fashions retailer’s stock worth $921,000 after purchasing an additional 1,284 shares in the last quarter. AMI Investment Management Inc. bought a new stake in shares of TJX Companies during the 1st quarter worth approximately $2,780,000. Cetera Investment Advisers raised its stake in shares of TJX Companies by 69.0% during the 1st quarter. Cetera Investment Advisers now owns 38,304 shares of the apparel and home fashions retailer’s stock worth $2,320,000 after purchasing an additional 15,644 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in shares of TJX Companies by 10.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 4,396 shares of the apparel and home fashions retailer’s stock worth $266,000 after purchasing an additional 398 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Trading Up 0.2 %

NYSE TJX traded up $0.18 during trading hours on Thursday, hitting $101.26. 1,896,325 shares of the company’s stock were exchanged, compared to its average volume of 5,013,564. The stock has a 50-day simple moving average of $97.47 and a 200 day simple moving average of $92.88. The TJX Companies, Inc. has a 1-year low of $75.65 and a 1-year high of $102.84. The firm has a market cap of $114.79 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 2.56 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.

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

TJX Companies declared that its Board of Directors has approved a stock repurchase plan on Wednesday, February 28th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the apparel and home fashions retailer to repurchase up to 2.2% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TJX. UBS Group boosted their target price on TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Redburn Atlantic lowered TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective on the stock. in a report on Monday, February 5th. Telsey Advisory Group reissued an “outperform” rating and set a $105.00 target price on shares of TJX Companies in a report on Wednesday, February 28th. Finally, BMO Capital Markets increased their target price on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $102.19.

Insider Buying and Selling at TJX Companies

In other news, EVP Louise Greenlees sold 2,694 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $98.83, for a total value of $266,248.02. Following the transaction, the executive vice president now owns 50,273 shares in the company, valued at $4,968,480.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction on Friday, March 1st. The stock was sold at an average price of $98.83, for a total transaction of $266,248.02. Following the sale, the executive vice president now directly owns 50,273 shares in the company, valued at approximately $4,968,480.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the completion of the sale, the chief executive officer now directly owns 515,801 shares in the company, 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.