Chemical Bank trimmed its position in TJX Companies Inc (NYSE:TJX) by 8.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 11,954 shares of the apparel and home fashions retailer’s stock after selling 1,161 shares during the quarter. Chemical Bank’s holdings in TJX Companies were worth $914,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Zions Bancorporation lifted its holdings in shares of TJX Companies by 185.9% during the 3rd quarter. Zions Bancorporation now owns 1,358 shares of the apparel and home fashions retailer’s stock worth $100,000 after acquiring an additional 883 shares during the last quarter. Farmers National Bank bought a new stake in shares of TJX Companies during the 4th quarter worth $106,000. Icon Wealth Partners LLC bought a new stake in shares of TJX Companies during the 4th quarter worth $109,000. Truewealth LLC bought a new stake in shares of TJX Companies during the 4th quarter worth $119,000. Finally, Assetmark Inc. lifted its holdings in shares of TJX Companies by 50.3% during the 4th quarter. Assetmark Inc. now owns 1,983 shares of the apparel and home fashions retailer’s stock worth $152,000 after acquiring an additional 664 shares during the last quarter. 90.93% of the stock is owned by hedge funds and other institutional investors.
In other TJX Companies news, Chairman Carol Meyrowitz sold 43,020 shares of the business’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $83.77, for a total value of $3,603,785.40. Following the transaction, the chairman now owns 294,098 shares in the company, valued at $24,636,589.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ernie Herrman sold 12,835 shares of the business’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $82.26, for a total transaction of $1,055,807.10. Following the completion of the transaction, the chief executive officer now owns 431,986 shares in the company, valued at approximately $35,535,168.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,855 shares of company stock worth $6,502,443. 0.23% of the stock is owned by corporate insiders.
TJX Companies stock opened at $79.88 on Friday. The company has a market cap of $51,216.51, a price-to-earnings ratio of 19.77, a P/E/G ratio of 1.61 and a beta of 0.68. TJX Companies Inc has a 52-week low of $66.44 and a 52-week high of $84.79. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.66 and a quick ratio of 0.84.
TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.10. The company had revenue of $10.96 billion for the quarter, compared to analysts’ expectations of $10.75 billion. TJX Companies had a net margin of 7.27% and a return on equity of 55.23%. The firm’s revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 EPS. analysts forecast that TJX Companies Inc will post 4.86 earnings per share for the current year.
TJX Companies declared that its board has initiated a share repurchase plan on Wednesday, February 28th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the apparel and home fashions retailer to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
TJX Companies Company Profile
The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.
Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TJX Companies Inc (NYSE:TJX).
Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.