Norway Savings Bank Boosts Stake in The TJX Companies, Inc. (NYSE:TJX)

Norway Savings Bank grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,965 shares of the apparel and home fashions retailer’s stock after acquiring an additional 490 shares during the period. Norway Savings Bank’s holdings in TJX Companies were worth $760,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. grew its position in shares of TJX Companies by 3.3% during the 1st quarter. BlackRock Inc. now owns 79,610,111 shares of the apparel and home fashions retailer’s stock valued at $6,238,248,000 after acquiring an additional 2,579,986 shares during the period. FMR LLC boosted its holdings in TJX Companies by 11.0% in the 1st quarter. FMR LLC now owns 48,901,281 shares of the apparel and home fashions retailer’s stock worth $3,831,904,000 after buying an additional 4,862,540 shares during the period. Morgan Stanley boosted its holdings in TJX Companies by 88.1% in the 4th quarter. Morgan Stanley now owns 26,619,778 shares of the apparel and home fashions retailer’s stock worth $2,118,935,000 after buying an additional 12,468,119 shares during the period. Geode Capital Management LLC boosted its holdings in TJX Companies by 1.0% in the 1st quarter. Geode Capital Management LLC now owns 20,891,507 shares of the apparel and home fashions retailer’s stock worth $1,632,900,000 after buying an additional 209,152 shares during the period. Finally, Moneta Group Investment Advisors LLC boosted its holdings in TJX Companies by 90,089.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,788,543 shares of the apparel and home fashions retailer’s stock worth $1,575,168,000 after buying an additional 19,766,602 shares during the period. 89.28% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Ernie Herrman sold 45,000 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $89.04, for a total transaction of $4,006,800.00. Following the sale, the chief executive officer now owns 642,098 shares of the company’s stock, valued at $57,172,405.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other TJX Companies news, CEO Ernie Herrman sold 45,000 shares of TJX Companies stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $89.04, for a total value of $4,006,800.00. Following the completion of the transaction, the chief executive officer now directly owns 642,098 shares of the company’s stock, valued at $57,172,405.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Carol Meyrowitz sold 64,817 shares of TJX Companies stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $91.13, for a total transaction of $5,906,773.21. Following the completion of the transaction, 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. In the last 90 days, insiders have sold 114,014 shares of company stock valued at $10,291,303. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

TJX has been the subject of several analyst reports. StockNews.com initiated coverage on shares of TJX Companies in a report on Thursday, August 17th. They issued a “buy” rating for the company. JPMorgan Chase & Co. raised their price target on shares of TJX Companies from $104.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, August 17th. UBS Group raised their price target on shares of TJX Companies from $88.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, August 17th. Bank of America raised their price target on shares of TJX Companies from $94.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, August 17th. Finally, Telsey Advisory Group raised their price target on shares of TJX Companies from $95.00 to $100.00 in a report on Thursday, August 17th. Three analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and an average target price of $95.42.

TJX Companies Trading Down 1.2 %

TJX Companies stock traded down $1.15 during trading hours on Friday, reaching $92.44. The stock had a trading volume of 7,606,897 shares, compared to its average volume of 4,782,368. The stock has a market cap of $105.76 billion, a PE ratio of 27.11, a PEG ratio of 2.26 and a beta of 0.89. The TJX Companies, Inc. has a 52 week low of $59.78 and a 52 week high of $93.78. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.20 and a quick ratio of 0.56. The company has a fifty day simple moving average of $88.20 and a 200-day simple moving average of $81.82.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, August 16th. The apparel and home fashions retailer reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.08. The business had revenue of $12.76 billion for the quarter, compared to analyst estimates of $12.45 billion. TJX Companies had a net margin of 7.77% and a return on equity of 62.61%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 EPS. 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.