The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Patton Fund Management Inc.

Patton Fund Management Inc. decreased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,267 shares of the apparel and home fashions retailer’s stock after selling 1,087 shares during the period. Patton Fund Management Inc.’s holdings in TJX Companies were worth $1,718,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in TJX. Householder Group Estate & Retirement Specialist LLC purchased a new stake in TJX Companies during the first quarter valued at about $25,000. Tucker Asset Management LLC acquired a new stake in TJX Companies during the 1st quarter valued at $25,000. ZRC Wealth Management LLC purchased a new stake in shares of TJX Companies in the second quarter valued at $25,000. ICA Group Wealth Management LLC purchased a new position in shares of TJX Companies during the fourth quarter valued at $27,000. Finally, Freedom Wealth Alliance LLC acquired a new position in TJX Companies during the fourth quarter valued at $28,000. 89.28% of the stock is currently owned by institutional investors.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 45,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $89.04, for a total value of $4,006,800.00. Following the sale, the chief executive officer now owns 642,098 shares in the company, valued at $57,172,405.92. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Chairman Carol Meyrowitz sold 64,817 shares of the stock in a transaction dated 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 owns 135,050 shares in the company, valued at $12,307,106.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Ernie Herrman sold 45,000 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were 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 owns 642,098 shares in the company, valued at $57,172,405.92. The disclosure for this sale can be found here. Insiders sold a total of 114,014 shares of company stock worth $10,291,303 over the last three months. 0.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TJX has been the topic of several research analyst reports. Citigroup lifted their target price on TJX Companies from $90.00 to $103.00 and gave the company a “buy” rating in a research note on Thursday, August 17th. Morgan Stanley upped their price objective on shares of TJX Companies from $93.00 to $99.00 and gave the company an “overweight” rating in a research note on Thursday, August 17th. UBS Group lifted their target price 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. Wells Fargo & Company upped their price target on shares of TJX Companies from $88.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Monday, September 11th. Finally, Piper Sandler initiated coverage on TJX Companies in a research report on Thursday, June 29th. They set an “overweight” rating and a $110.00 price objective for the company. Three research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and an average price target of $95.42.

TJX Companies Stock Performance

Shares of NYSE TJX traded down $0.74 during trading hours on Tuesday, hitting $91.20. 405,895 shares of the stock were exchanged, compared to its average volume of 4,955,038. The TJX Companies, Inc. has a one year low of $59.78 and a one year high of $93.78. The company’s 50 day moving average is $88.20 and its 200 day moving average is $81.86. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.20 and a quick ratio of 0.56. The firm has a market capitalization of $104.34 billion, a P/E ratio of 26.95, a P/E/G ratio of 2.24 and a beta of 0.89.

TJX Companies (NYSE:TJX) last released its quarterly earnings results 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. The company had revenue of $12.76 billion during 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%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.69 earnings per share. On average, research analysts expect that The TJX Companies, Inc. will post 3.71 EPS for the current year.

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.