Sandy Spring Bank Decreases Stake in The TJX Companies, Inc. (NYSE:TJX)

Sandy Spring Bank reduced its stake in The TJX Companies, Inc. (NYSE:TJX) by 1.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 103,386 shares of the apparel and home fashions retailer’s stock after selling 1,932 shares during the quarter. Sandy Spring Bank’s holdings in TJX Companies were worth $12,490,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TJX. Generali Investments Management Co LLC acquired a new position in TJX Companies in the 4th quarter worth approximately $181,000. GM Advisory Group LLC increased its holdings in TJX Companies by 13.8% in the 4th quarter. GM Advisory Group LLC now owns 4,572 shares of the apparel and home fashions retailer’s stock worth $552,000 after buying an additional 554 shares during the period. Harvest Fund Management Co. Ltd increased its holdings in TJX Companies by 62.6% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 20,129 shares of the apparel and home fashions retailer’s stock worth $2,431,000 after buying an additional 7,753 shares during the period. Vinva Investment Management Ltd increased its holdings in TJX Companies by 10.1% in the 4th quarter. Vinva Investment Management Ltd now owns 57,553 shares of the apparel and home fashions retailer’s stock worth $6,969,000 after buying an additional 5,280 shares during the period. Finally, Bank of Marin acquired a new position in TJX Companies in the 4th quarter worth approximately $241,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TJX Companies

In other TJX Companies 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 owns 484,189 shares in the company, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the firm’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. 0.13% of the stock is currently owned by insiders.

TJX Companies Trading Up 2.4 %

Shares of NYSE:TJX opened at $117.98 on Thursday. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The firm has a market capitalization of $132.63 billion, a price-to-earnings ratio of 27.76, 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 current ratio of 1.19 and a quick ratio of 0.50. The business’s 50 day moving average price is $121.88 and its 200-day moving average price is $120.15.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. The company had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. On average, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. TD Cowen increased their price target on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Robert W. Baird increased their price target on shares of TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Guggenheim raised their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. StockNews.com cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and a consensus target price of $135.06.

About TJX Companies

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.