Tompkins Financial Corp Cuts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Tompkins Financial Corp cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,626 shares of the apparel and home fashions retailer’s stock after selling 3,794 shares during the period. TJX Companies comprises about 1.2% of Tompkins Financial Corp’s portfolio, making the stock its 26th biggest position. Tompkins Financial Corp’s holdings in TJX Companies were worth $7,345,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fairfield Bush & CO. purchased a new position in shares of TJX Companies in the 1st quarter valued at about $68,000. United Bank boosted its stake in shares of TJX Companies by 9.2% in the 1st quarter. United Bank now owns 15,197 shares of the apparel and home fashions retailer’s stock valued at $921,000 after buying an additional 1,284 shares during the period. AMI Investment Management Inc. purchased a new position in shares of TJX Companies in the 1st quarter valued at about $2,780,000. Cetera Investment Advisers raised its holdings in shares of TJX Companies by 69.0% in the 1st quarter. Cetera Investment Advisers now owns 38,304 shares of the apparel and home fashions retailer’s stock valued at $2,320,000 after purchasing an additional 15,644 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of TJX Companies by 10.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 4,396 shares of the apparel and home fashions retailer’s stock valued at $266,000 after purchasing an additional 398 shares in the last quarter. 89.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, EVP Kenneth Canestrari sold 4,197 shares of TJX Companies stock in a transaction that occurred 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 sale, the executive vice president now owns 115,223 shares of the company’s stock, valued at approximately $10,370,070. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other TJX Companies news, EVP Kenneth Canestrari sold 4,197 shares of the firm’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 sale, the executive vice president now owns 115,223 shares of the company’s stock, valued at $10,370,070. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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 completion of the sale, the chairman now directly owns 135,050 shares of the company’s stock, valued at approximately $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. 0.13% of the stock is owned by corporate insiders.

TJX Companies Stock Performance

TJX traded down $0.97 on Tuesday, hitting $90.97. 834,032 shares of the company traded hands, compared to its average volume of 4,956,843. The company has a 50 day moving average of $88.20 and a 200-day moving average of $81.86. 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 stock has a market capitalization of $104.08 billion, a PE ratio of 26.95, a PEG ratio of 2.24 and a beta of 0.89. The TJX Companies, Inc. has a 12-month low of $59.78 and a 12-month high of $93.78.

TJX Companies (NYSE:TJX) last announced 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 the consensus estimate of $0.77 by $0.08. The company had revenue of $12.76 billion for the quarter, compared to analysts’ expectations of $12.45 billion. TJX Companies had a net margin of 7.77% and a return on equity of 62.61%. TJX Companies’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.69 EPS. Sell-side analysts anticipate that The TJX Companies, Inc. will post 3.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TJX shares. Telsey Advisory Group raised their price objective on shares of TJX Companies from $95.00 to $100.00 in a report on Thursday, August 17th. Citigroup boosted their target price on TJX Companies from $90.00 to $103.00 and gave the stock a “buy” rating in a research note on Thursday, August 17th. UBS Group increased their price target on shares of TJX Companies from $88.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, August 17th. Morgan Stanley boosted their price objective on shares of TJX Companies from $93.00 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday, August 17th. Finally, Bank of America increased their target price on shares of TJX Companies from $94.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, August 17th. Three analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and an average target price of $95.42.

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.