FineMark National Bank & Trust Sells 3,313 Shares of The TJX Companies, Inc. (NYSE:TJX)

FineMark National Bank & Trust reduced its holdings in The TJX Companies, Inc. (NYSE:TJX) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 203,651 shares of the apparel and home fashions retailer’s stock after selling 3,313 shares during the quarter. TJX Companies comprises 0.9% of FineMark National Bank & Trust’s investment portfolio, making the stock its 24th largest position. FineMark National Bank & Trust’s holdings in TJX Companies were worth $24,603,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in TJX. Bogart Wealth LLC bought a new stake in TJX Companies in the fourth quarter valued at $25,000. Trivant Custom Portfolio Group LLC bought a new stake in shares of TJX Companies during the 4th quarter valued at about $26,000. Truvestments Capital LLC purchased a new position in shares of TJX Companies during the third quarter valued at about $29,000. Legacy Investment Solutions LLC bought a new position in TJX Companies in the third quarter worth about $30,000. Finally, SOA Wealth Advisors LLC. purchased a new stake in TJX Companies in the fourth quarter worth about $30,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TJX. Barclays increased their target price on TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Wells Fargo & Company increased their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Telsey Advisory Group restated an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a report on Thursday, February 27th. Robert W. Baird upped their target price on shares of TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Finally, StockNews.com cut shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $135.06.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 23,428 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the transaction, the chief executive officer now directly owns 484,189 shares in the company, valued at $59,569,772.67. This trade represents a 4.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 value of $988,240.00. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

TJX Companies Stock Up 3.0 %

TJX Companies stock opened at $119.64 on Tuesday. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. The stock has a fifty day simple moving average of $121.68 and a two-hundred day simple moving average of $120.16. 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 firm has a market cap of $134.49 billion, a price-to-earnings ratio of 28.15, a PEG ratio of 2.75 and a beta of 0.96.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating 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 company had revenue of $16.35 billion for the quarter, compared to analysts’ expectations of $16.24 billion. Equities analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

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.