The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp trimmed its holdings in The TJX Companies, Inc. (NYSE:TJXFree Report) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 983,692 shares of the apparel and home fashions retailer’s stock after selling 7,385 shares during the quarter. Fifth Third Bancorp’s holdings in TJX Companies were worth $92,280,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Fermata Advisors LLC lifted its stake in TJX Companies by 5.1% during the fourth quarter. Fermata Advisors LLC now owns 3,028 shares of the apparel and home fashions retailer’s stock valued at $284,000 after buying an additional 146 shares in the last quarter. PFG Advisors purchased a new stake in TJX Companies during the fourth quarter valued at about $213,000. Hengehold Capital Management LLC purchased a new stake in TJX Companies during the fourth quarter valued at about $210,000. Quent Capital LLC lifted its stake in TJX Companies by 7.0% during the fourth quarter. Quent Capital LLC now owns 3,134 shares of the apparel and home fashions retailer’s stock valued at $294,000 after buying an additional 204 shares in the last quarter. Finally, Mendota Financial Group LLC purchased a new stake in TJX Companies during the fourth quarter valued at about $160,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Up 0.3 %

Shares of TJX Companies stock traded up $0.34 on Friday, hitting $101.42. 4,778,175 shares of the company traded hands, compared to its average volume of 5,568,161. The company has a 50-day moving average price of $97.86 and a 200 day moving average price of $93.06. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 0.39. The TJX Companies, Inc. has a 12-month low of $75.65 and a 12-month high of $102.84. The company has a market cap of $114.97 billion, a PE ratio of 26.27, a PEG ratio of 2.61 and a beta of 0.86.

TJX Companies (NYSE:TJXGet Free Report) last posted its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $16.20 billion. During the same period in the previous year, the company posted $0.89 EPS. TJX Companies’s revenue was up 13.0% on a year-over-year basis. Sell-side analysts predict that The TJX Companies, Inc. will post 4.06 earnings per share for the current year.

TJX Companies announced that its board has initiated a stock repurchase plan on Wednesday, February 28th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the apparel and home fashions retailer to reacquire up to 2.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Activity

In related news, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $98.98, for a total value of $1,979,600.00. Following the completion of the sale, the chief executive officer now owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $98.98, for a total value of $1,979,600.00. Following the completion of the sale, the chief executive officer now owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction on 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 sale, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

Check Out Our Latest Report on TJX

About TJX Companies

(Free Report)

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.

See Also

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

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