Harrington Investments INC Trims Holdings in The TJX Companies, Inc. (NYSE:TJX)

Harrington Investments INC reduced its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,081 shares of the apparel and home fashions retailer’s stock after selling 290 shares during the quarter. TJX Companies comprises about 2.2% of Harrington Investments INC’s portfolio, making the stock its 13th biggest position. Harrington Investments INC’s holdings in TJX Companies were worth $3,997,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. State Street Corp boosted its holdings in shares of TJX Companies by 1.0% in the 3rd quarter. State Street Corp now owns 47,556,435 shares of the apparel and home fashions retailer’s stock valued at $5,589,783,000 after buying an additional 469,287 shares in the last quarter. Geode Capital Management LLC increased its holdings in TJX Companies by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 23,857,584 shares of the apparel and home fashions retailer’s stock worth $2,795,121,000 after buying an additional 363,707 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of TJX Companies by 7.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,182,564 shares of the apparel and home fashions retailer’s stock worth $1,079,319,000 after purchasing an additional 643,833 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of TJX Companies by 9.9% in the third quarter. Franklin Resources Inc. now owns 7,271,499 shares of the apparel and home fashions retailer’s stock worth $837,951,000 after buying an additional 657,529 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in shares of TJX Companies by 13.3% during the 4th quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer’s stock valued at $850,428,000 after purchasing an additional 827,103 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TJX shares. TD Cowen lifted their price target on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Barclays raised their target price on TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Deutsche Bank Aktiengesellschaft upped their price objective on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Guggenheim upped their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Morgan Stanley increased their price target on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.06.

TJX Companies Stock Up 0.4 %

TJX stock opened at $113.27 on Friday. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The stock has a market cap of $127.34 billion, a PE ratio of 26.65, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The firm’s 50-day simple moving average is $122.18 and its 200 day simple moving average is $120.20.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. The firm had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 484,189 shares of the company’s stock, 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 through this link. Also, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction dated Thursday, February 27th. The stock was 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. Corporate insiders own 0.13% of the company’s stock.

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.