Trueblood Wealth Management LLC Invests $303,000 in The TJX Companies, Inc. (NYSE:TJX)

Trueblood Wealth Management LLC bought a new stake in The TJX Companies, Inc. (NYSE:TJX) during the fourth quarter, Holdings Channel reports. The institutional investor bought 3,229 shares of the apparel and home fashions retailer’s stock, valued at approximately $303,000.

A number of other institutional investors and hedge funds have also made changes to their positions in TJX. ICA Group Wealth Management LLC purchased a new position in TJX Companies in the fourth quarter valued at about $27,000. Anchor Investment Management LLC bought a new position in TJX Companies during the fourth quarter valued at approximately $28,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in TJX Companies in the 3rd quarter valued at approximately $29,000. BKM Wealth Management LLC bought a new stake in TJX Companies in the fourth quarter valued at about $30,000. Finally, Cornerstone Planning Group LLC acquired a new position in shares of TJX Companies during the second quarter worth approximately $33,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the completion of the sale, the executive vice president now directly owns 50,273 shares in the company, valued at $4,968,480.59. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $98.98, for a total value of $1,979,600.00. Following the completion of the sale, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Louise Greenlees sold 2,694 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $98.83, for a total value of $266,248.02. Following the sale, the executive vice president now owns 50,273 shares in the company, valued at approximately $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TJX. BMO Capital Markets increased their price objective on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. UBS Group upped their price target on shares of TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Redburn Atlantic downgraded TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective for the company. in a research report on Monday, February 5th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $105.00 price objective on shares of TJX Companies in a report on Wednesday, February 28th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $102.19.

TJX Companies Stock Up 0.3 %

Shares of NYSE:TJX traded up $0.34 during trading hours on Thursday, reaching $101.42. The stock had a trading volume of 4,778,117 shares, compared to its average volume of 5,062,316. The stock has a market capitalization of $114.97 billion, a price-to-earnings ratio of 26.30, a P/E/G ratio of 2.56 and a beta of 0.86. The firm’s 50 day moving average is $97.61 and its 200-day moving average is $92.94. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.64 and a current ratio of 1.21. The TJX Companies, Inc. has a 1 year low of $75.65 and a 1 year high of $102.84.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.10. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The company had revenue of $16.41 billion for the quarter, compared to analyst estimates of $16.20 billion. During the same period in the previous year, the business posted $0.89 earnings per share. TJX Companies’s quarterly revenue was up 13.0% on a year-over-year basis. Research analysts predict that The TJX Companies, Inc. will post 4.06 earnings per share for the current fiscal year.

TJX Companies declared that its board has approved a stock buyback plan on Wednesday, February 28th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the apparel and home fashions retailer to purchase up to 2.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors believes its shares are undervalued.

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.