ICW Investment Advisors LLC Sells 510 Shares of The TJX Companies, Inc. (NYSE:TJX)

ICW Investment Advisors LLC reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 25,970 shares of the apparel and home fashions retailer’s stock after selling 510 shares during the period. TJX Companies makes up approximately 1.3% of ICW Investment Advisors LLC’s holdings, making the stock its 19th biggest holding. ICW Investment Advisors LLC’s holdings in TJX Companies were worth $3,137,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Bogart Wealth LLC bought a new position in TJX Companies during the fourth quarter worth $25,000. Trivant Custom Portfolio Group LLC bought a new position in TJX Companies in the fourth quarter valued at about $26,000. Truvestments Capital LLC bought a new position in TJX Companies in the third quarter valued at about $29,000. Legacy Investment Solutions LLC bought a new position in TJX Companies in the third quarter valued at about $30,000. Finally, SOA Wealth Advisors LLC. bought a new stake in shares of TJX Companies during the fourth quarter worth about $30,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Down 0.1 %

Shares of NYSE TJX opened at $116.09 on Monday. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $130.51 billion, a PE ratio of 27.32, a P/E/G ratio of 2.75 and a beta of 0.96. The firm has a fifty day moving average of $121.69 and a 200-day moving average of $120.15. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping 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 company had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. On average, analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Telsey Advisory Group reissued an “outperform” rating and issued a $145.00 price target on shares of TJX Companies in a research note on Thursday, February 27th. UBS Group increased their price target on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Wells Fargo & Company increased their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. StockNews.com cut TJX Companies from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Finally, Robert W. Baird raised their price target on TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and an average target price of $135.06.

Insider Activity at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the completion of the transaction, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.