Navalign LLC Has $1.14 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Navalign LLC decreased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,183 shares of the apparel and home fashions retailer’s stock after selling 200 shares during the quarter. Navalign LLC’s holdings in TJX Companies were worth $1,143,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TJX. Alhambra Investment Management LLC increased its holdings in shares of TJX Companies by 2.0% during the 4th quarter. Alhambra Investment Management LLC now owns 5,433 shares of the apparel and home fashions retailer’s stock worth $510,000 after acquiring an additional 108 shares during the last quarter. First Business Financial Services Inc. increased its holdings in shares of TJX Companies by 0.6% during the 3rd quarter. First Business Financial Services Inc. now owns 18,177 shares of the apparel and home fashions retailer’s stock worth $1,616,000 after acquiring an additional 113 shares during the last quarter. WNY Asset Management LLC grew its holdings in TJX Companies by 4.8% in the 3rd quarter. WNY Asset Management LLC now owns 2,511 shares of the apparel and home fashions retailer’s stock valued at $223,000 after buying an additional 115 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in TJX Companies by 0.5% in the 2nd quarter. Panagora Asset Management Inc. now owns 23,720 shares of the apparel and home fashions retailer’s stock valued at $2,011,000 after buying an additional 117 shares in the last quarter. Finally, Avior Wealth Management LLC grew its holdings in TJX Companies by 3.3% in the 3rd quarter. Avior Wealth Management LLC now owns 3,728 shares of the apparel and home fashions retailer’s stock valued at $331,000 after buying an additional 119 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Activity

In related news, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction on Friday, March 1st. The stock was sold at an average price of $98.83, for a total transaction of $266,248.02. Following the completion of the sale, the executive vice president now owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the completion of the sale, the chief executive officer now owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $98.83, for a total value of $266,248.02. Following the sale, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

TJX Companies Stock Performance

NYSE:TJX traded up $0.34 during trading hours on Thursday, reaching $101.42. The stock had a trading volume of 4,774,144 shares, compared to its average volume of 5,062,317. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.64 and a current ratio of 1.21. The stock has a 50 day simple moving average of $97.61 and a 200 day simple moving average of $92.94. The TJX Companies, Inc. has a 12-month low of $75.65 and a 12-month high of $102.84. The stock has a market cap of $114.97 billion, a P/E ratio of 26.27, a price-to-earnings-growth ratio of 2.56 and a beta of 0.86.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The business had revenue of $16.41 billion during the quarter, compared to the consensus estimate of $16.20 billion. During the same period last year, the business posted $0.89 earnings per share. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, research analysts forecast that The TJX Companies, Inc. will post 4.06 EPS for the current fiscal year.

TJX Companies announced that its board has authorized a share repurchase plan on Wednesday, February 28th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the apparel and home fashions retailer to buy up to 2.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $105.00 price objective on shares of TJX Companies in a report on Wednesday, February 28th. UBS Group upped their target price on TJX Companies from $95.00 to $104.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. BMO Capital Markets upped their target price on TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. Finally, Redburn Atlantic downgraded TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 target price for the company. in a research report on Monday, February 5th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and an average price target of $102.19.

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, and gourmet food departments; jewelry and accessories; and other merchandise.