Canandaigua National Bank & Trust Co. Has $2.76 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Canandaigua National Bank & Trust Co. trimmed its stake in The TJX Companies, Inc. (NYSE:TJX) by 2.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,509 shares of the apparel and home fashions retailer’s stock after selling 964 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in TJX Companies were worth $2,756,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TJX. Tucker Asset Management LLC acquired a new position in TJX Companies in the 1st quarter valued at approximately $25,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of TJX Companies in the first quarter valued at $25,000. ICA Group Wealth Management LLC bought a new position in TJX Companies in the fourth quarter worth $27,000. Lakewood Asset Management LLC bought a new stake in TJX Companies in the 4th quarter valued at $28,000. Finally, Freedom Wealth Alliance LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at $28,000. Institutional investors own 89.28% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Kenneth Canestrari sold 4,197 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $90.00, for a total value of $377,730.00. Following the completion of the sale, the executive vice president now owns 115,223 shares in the company, valued at $10,370,070. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other TJX Companies news, EVP Kenneth Canestrari sold 4,197 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $90.00, for a total value of $377,730.00. Following the completion of the transaction, the executive vice president now owns 115,223 shares in the company, valued at approximately $10,370,070. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Carol Meyrowitz sold 64,817 shares of the firm’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $91.13, for a total value of $5,906,773.21. Following the sale, the chairman now directly owns 135,050 shares of the company’s stock, valued at $12,307,106.50. The disclosure for this sale can be found here. Insiders have sold 114,014 shares of company stock valued at $10,291,303 in the last three months. 0.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TJX has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of TJX Companies from $85.00 to $86.00 in a research note on Thursday, May 18th. BMO Capital Markets boosted their price target on TJX Companies from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, August 17th. Wells Fargo & Company lifted their price objective on TJX Companies from $88.00 to $92.00 and gave the company an “equal weight” rating in a report on Monday. Jefferies Financial Group upped their target price on shares of TJX Companies from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, August 17th. Finally, Citigroup lifted their price target on shares of TJX Companies from $90.00 to $103.00 and gave the company a “buy” rating in a report on Thursday, August 17th. Three analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $95.42.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $93.75 on Thursday. The TJX Companies, Inc. has a twelve month low of $59.78 and a twelve month high of $93.75. The stock’s 50 day moving average is $87.64 and its 200-day moving average is $81.52. The company has a quick ratio of 0.56, a current ratio of 1.20 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $107.26 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 2.21 and a beta of 0.89.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 16th. The apparel and home fashions retailer reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.08. TJX Companies had a net margin of 7.77% and a return on equity of 62.61%. The company had revenue of $12.76 billion for the quarter, compared to analyst estimates of $12.45 billion. During the same quarter in the prior year, the business posted $0.69 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. Sell-side analysts forecast that The TJX Companies, Inc. will post 3.71 EPS for the current fiscal year.

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, kids, and gourmet food departments; jewelry and accessories; and other merchandise.