Norway Savings Bank Has $760,000 Stock Position in The TJX Companies, Inc. (NYSE:TJX)

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

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Alpha Financial Partners LLC increased its holdings in TJX Companies by 2.5% in the first quarter. Alpha Financial Partners LLC now owns 5,337 shares of the apparel and home fashions retailer’s stock worth $418,000 after purchasing an additional 129 shares in the last quarter. Tradition Wealth Management LLC increased its holdings in TJX Companies by 3.7% in the first quarter. Tradition Wealth Management LLC now owns 3,672 shares of the apparel and home fashions retailer’s stock worth $288,000 after purchasing an additional 132 shares in the last quarter. Drive Wealth Management LLC increased its holdings in TJX Companies by 4.0% in the first quarter. Drive Wealth Management LLC now owns 3,652 shares of the apparel and home fashions retailer’s stock worth $286,000 after purchasing an additional 140 shares in the last quarter. Journey Strategic Wealth LLC increased its holdings in TJX Companies by 4.0% in the first quarter. Journey Strategic Wealth LLC now owns 3,671 shares of the apparel and home fashions retailer’s stock worth $288,000 after purchasing an additional 140 shares in the last quarter. Finally, PGIM Custom Harvest LLC increased its holdings in TJX Companies by 4.9% in the first quarter. PGIM Custom Harvest LLC now owns 3,041 shares of the apparel and home fashions retailer’s stock worth $238,000 after purchasing an additional 142 shares in the last quarter. 89.28% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Performance

Shares of NYSE:TJX traded down $1.15 during midday trading on Friday, reaching $92.44. 7,606,897 shares of the company traded hands, compared to its average volume of 4,782,368. 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 TJX Companies, Inc. has a 12 month low of $59.78 and a 12 month high of $93.78. The firm has a market capitalization of $105.76 billion, a price-to-earnings ratio of 27.11, a price-to-earnings-growth ratio of 2.26 and a beta of 0.89. The firm’s fifty day moving average price is $88.20 and its two-hundred day moving average price is $81.82.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, August 16th. The apparel and home fashions retailer reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.08. TJX Companies had a return on equity of 62.61% and a net margin of 7.77%. The company had revenue of $12.76 billion for the quarter, compared to analyst estimates of $12.45 billion. During the same period in the previous year, the company posted $0.69 EPS. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities analysts expect that The TJX Companies, Inc. will post 3.71 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Jefferies Financial Group boosted their price objective on TJX Companies from $105.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, August 17th. Wells Fargo & Company boosted 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, September 11th. StockNews.com initiated coverage on TJX Companies in a research report on Thursday, August 17th. They set a “buy” rating on the stock. Telsey Advisory Group lifted their target price on TJX Companies from $95.00 to $100.00 in a research report on Thursday, August 17th. Finally, Loop Capital boosted their price objective on TJX Companies from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, September 6th. Three equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $95.42.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 45,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $89.04, for a total value of $4,006,800.00. Following the transaction, the chief executive officer now directly owns 642,098 shares in the company, valued at approximately $57,172,405.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other TJX Companies news, CEO Ernie Herrman sold 45,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $89.04, for a total value of $4,006,800.00. Following the transaction, the chief executive officer now directly owns 642,098 shares in the company, valued at approximately $57,172,405.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kenneth Canestrari sold 4,197 shares of the company’s stock in a transaction dated 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 $10,370,070. The disclosure for this sale can be found here. Insiders have sold 114,014 shares of company stock worth $10,291,303 in the last ninety days. 0.13% of the stock is currently owned by insiders.

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