Washington Trust Bank Sells 6,255 Shares of The TJX Companies, Inc. (NYSE:TJX)

Washington Trust Bank cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 4.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 140,828 shares of the apparel and home fashions retailer’s stock after selling 6,255 shares during the period. TJX Companies makes up 1.6% of Washington Trust Bank’s investment portfolio, making the stock its 17th largest position. Washington Trust Bank’s holdings in TJX Companies were worth $17,013,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Bogart Wealth LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at approximately $25,000. Trivant Custom Portfolio Group LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at approximately $26,000. Truvestments Capital LLC acquired a new position in TJX Companies during the 3rd quarter worth approximately $29,000. Legacy Investment Solutions LLC acquired a new position in TJX Companies during the 3rd quarter worth approximately $30,000. Finally, SOA Wealth Advisors LLC. acquired a new position in TJX Companies during the 4th quarter worth approximately $30,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Down 0.1 %

TJX stock opened at $116.09 on Friday. 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 stock has a market capitalization of $130.51 billion, a price-to-earnings ratio of 27.32, a PEG ratio of 2.75 and a beta of 0.96. The business’s fifty day moving average price is $121.69 and its two-hundred day moving average price is $120.12. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00.

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 (EPS) for the quarter, topping the consensus estimate 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 analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Analyst Ratings Changes

TJX has been the subject of a number of recent research reports. Robert W. Baird upped their price target on TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Guggenheim upped their price target on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Jefferies Financial Group upped their price target on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Morgan Stanley upped their price objective on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company upped their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and an average price target of $135.06.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 23,428 shares of the firm’s stock in a transaction dated 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 directly owns 484,189 shares of the company’s stock, valued at $59,569,772.67. This trade represents a 4.62 % decrease in their ownership of the stock. 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 the stock in a transaction dated 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 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.