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

FineMark National Bank & Trust trimmed its stake in The TJX Companies, Inc. (NYSE:TJX) by 1.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203,651 shares of the apparel and home fashions retailer’s stock after selling 3,313 shares during the period. TJX Companies accounts for approximately 0.9% of FineMark National Bank & Trust’s holdings, 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.

A number of other institutional investors also recently bought and sold shares of the stock. Howard Capital Management Group LLC lifted its holdings in TJX Companies by 42.9% during the third quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock valued at $27,208,000 after purchasing an additional 69,489 shares in the last quarter. Eagle Asset Management Inc. raised its position in shares of TJX Companies by 22.9% during the 3rd quarter. Eagle Asset Management Inc. now owns 64,814 shares of the apparel and home fashions retailer’s stock valued at $7,637,000 after purchasing an additional 12,059 shares during the period. Algert Global LLC lifted its stake in shares of TJX Companies by 842.0% during the 3rd quarter. Algert Global LLC now owns 43,409 shares of the apparel and home fashions retailer’s stock valued at $5,102,000 after buying an additional 38,801 shares in the last quarter. Centaurus Financial Inc. purchased a new position in shares of TJX Companies during the 3rd quarter valued at $101,000. Finally, Westfield Capital Management Co. LP boosted its holdings in TJX Companies by 1.7% in the 3rd quarter. Westfield Capital Management Co. LP now owns 70,408 shares of the apparel and home fashions retailer’s stock worth $8,276,000 after buying an additional 1,209 shares during the period. 91.09% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ernie Herrman sold 23,428 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total value of $2,882,346.84. Following the completion of 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 disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. UBS Group boosted their price objective on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. StockNews.com cut TJX Companies from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Robert W. Baird increased their price objective on shares of TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Telsey Advisory Group reissued an “outperform” rating and issued a $145.00 target price on shares of TJX Companies in a report on Thursday, February 27th. Finally, Barclays raised their target price on shares of TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.06.

TJX Companies Price Performance

NYSE:TJX opened at $119.64 on Tuesday. The firm has a market capitalization of $134.49 billion, a price-to-earnings ratio of 28.15, a PEG 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 has a 50 day simple moving average of $121.68 and a 200-day simple moving average of $120.16. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $16.24 billion. Equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

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.