Gryphon Financial Partners LLC purchased a new position in shares of TJX Companies Inc (NYSE:TJX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 6,158 shares of the apparel and home fashions retailer’s stock, valued at approximately $546,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Adirondack Trust Co. increased its holdings in shares of TJX Companies by 100.0% during the 4th quarter. Adirondack Trust Co. now owns 580 shares of the apparel and home fashions retailer’s stock worth $26,000 after buying an additional 290 shares during the last quarter. Westside Investment Management Inc. increased its holdings in shares of TJX Companies by 100.0% during the 4th quarter. Westside Investment Management Inc. now owns 600 shares of the apparel and home fashions retailer’s stock worth $27,000 after buying an additional 300 shares during the last quarter. Edge Wealth Management LLC increased its holdings in shares of TJX Companies by 100.0% during the 4th quarter. Edge Wealth Management LLC now owns 650 shares of the apparel and home fashions retailer’s stock worth $29,000 after buying an additional 325 shares during the last quarter. Sterling Investment Advisors Ltd. increased its holdings in shares of TJX Companies by 100.0% during the 4th quarter. Sterling Investment Advisors Ltd. now owns 660 shares of the apparel and home fashions retailer’s stock worth $29,000 after buying an additional 330 shares during the last quarter. Finally, Lenox Wealth Advisors LLC increased its holdings in shares of TJX Companies by 100.0% during the 4th quarter. Lenox Wealth Advisors LLC now owns 734 shares of the apparel and home fashions retailer’s stock worth $33,000 after buying an additional 367 shares during the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Shares of TJX stock opened at $52.10 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.53 and a quick ratio of 0.70. TJX Companies Inc has a 52 week low of $39.86 and a 52 week high of $56.64. The company has a market capitalization of $64.23 billion, a price-to-earnings ratio of 24.69, a price-to-earnings-growth ratio of 1.83 and a beta of 0.66.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, February 27th. The apparel and home fashions retailer reported $0.68 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.68. TJX Companies had a net margin of 7.85% and a return on equity of 57.42%. The company had revenue of $11.13 billion during the quarter, compared to analysts’ expectations of $11.01 billion. During the same quarter last year, the company posted $1.30 EPS. The firm’s revenue was up 1.5% compared to the same quarter last year. As a group, equities analysts forecast that TJX Companies Inc will post 2.61 EPS for the current fiscal year.

TJX Companies declared that its Board of Directors has approved a stock buyback plan on Wednesday, February 27th that allows the company to repurchase $2.25 billion in shares. This repurchase authorization allows the apparel and home fashions retailer to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

In other TJX Companies news, Director Amy B. Lane sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $51.79, for a total value of $51,790.00. Following the completion of the transaction, the director now owns 31,092 shares of the company’s stock, valued at approximately $1,610,254.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.20% of the company’s stock.

A number of research firms recently weighed in on TJX. Zacks Investment Research raised shares of TJX Companies from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Friday, November 16th. Cowen set a $59.00 price objective on shares of TJX Companies and gave the stock a “buy” rating in a research report on Wednesday, November 21st. Citigroup lowered their price objective on shares of TJX Companies from $62.50 to $58.00 and set a “buy” rating for the company in a research report on Wednesday, November 21st. Nomura lowered their price objective on shares of TJX Companies from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, November 21st. Finally, Argus raised shares of TJX Companies from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Thursday, November 29th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $55.06.

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TJX Companies Profile

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, accent furniture, lamps, rugs, wall d├ęcor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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