Choate Investment Advisors Has $27.67 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Choate Investment Advisors grew its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 12.9% in the 4th quarter, HoldingsChannel reports. The fund owned 229,007 shares of the apparel and home fashions retailer’s stock after buying an additional 26,213 shares during the period. TJX Companies makes up about 0.7% of Choate Investment Advisors’ holdings, making the stock its 23rd biggest holding. Choate Investment Advisors’ holdings in TJX Companies were worth $27,672,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Bogart Wealth LLC purchased a new stake in shares of TJX Companies during the 4th quarter valued at $25,000. Trivant Custom Portfolio Group LLC purchased a new position in TJX Companies during the fourth quarter worth about $26,000. Legacy Investment Solutions LLC bought a new stake in shares of TJX Companies during the 3rd quarter worth $30,000. Truvestments Capital LLC bought a new position in shares of TJX Companies during the 3rd quarter valued at about $29,000. Finally, SOA Wealth Advisors LLC. purchased a new position in shares of TJX Companies during the fourth quarter worth approximately $30,000. Institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

TJX has been the topic of several analyst reports. Evercore ISI lifted their target price on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. TD Cowen increased their price target on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. UBS Group lifted their price target on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Barclays lifted their target price on TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Finally, Jefferies Financial Group lifted their target price on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $135.06.

TJX Companies Stock Performance

Shares of TJX stock opened at $113.27 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The firm has a market cap of $127.34 billion, a P/E ratio of 26.65, a P/E/G ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The firm’s 50 day moving average price is $122.18 and its 200-day moving average price is $120.20.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $16.35 billion for the quarter, compared to analysts’ expectations of $16.24 billion. As a group, equities research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Insider Activity

In related news, Director Alan M. Bennett sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the transaction, the chief executive officer now directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

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.