Penobscot Investment Management Company Inc. Has $12.53 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Penobscot Investment Management Company Inc. grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.0% during the 4th quarter, Holdings Channel reports. The firm owned 103,742 shares of the apparel and home fashions retailer’s stock after buying an additional 2,028 shares during the period. TJX Companies comprises about 1.1% of Penobscot Investment Management Company Inc.’s investment portfolio, making the stock its 22nd biggest position. Penobscot Investment Management Company Inc.’s holdings in TJX Companies were worth $12,533,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Bogart Wealth LLC bought a new position in TJX Companies during the 4th quarter worth $25,000. Trivant Custom Portfolio Group LLC acquired a new stake in TJX Companies during the 4th quarter worth $26,000. Truvestments Capital LLC acquired a new stake in TJX Companies during the 3rd quarter valued at $29,000. Legacy Investment Solutions LLC acquired a new position in shares of TJX Companies during the third quarter valued at $30,000. Finally, SOA Wealth Advisors LLC. acquired a new position in TJX Companies in the fourth quarter worth approximately $30,000. Institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on TJX. Guggenheim increased their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Robert W. Baird boosted their price objective on shares of TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Telsey Advisory Group restated an “outperform” rating and issued a $145.00 price target on shares of TJX Companies in a research report on Thursday, February 27th. Wells Fargo & Company raised their price objective on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Finally, Jefferies Financial Group increased their price target on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $135.06.

TJX Companies Trading Up 0.4 %

Shares of TJX stock opened at $120.05 on Wednesday. The stock has a market capitalization of $134.96 billion, a price-to-earnings ratio of 28.25, a PEG ratio of 2.75 and a beta of 0.96. The company’s fifty day simple moving average is $121.69 and its two-hundred day simple moving average is $120.20. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping the consensus estimate of $1.16 by $0.07. The business had revenue of $16.35 billion during the quarter, compared to analysts’ expectations of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. As a group, analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 23,428 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the completion of the transaction, the chief executive officer now directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

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.