Cornercap Investment Counsel Inc. Has $880,000 Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Cornercap Investment Counsel Inc. decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 3.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,285 shares of the apparel and home fashions retailer’s stock after selling 254 shares during the period. Cornercap Investment Counsel Inc.’s holdings in TJX Companies were worth $880,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Intrust Bank NA increased its holdings in shares of TJX Companies by 1.0% in the fourth quarter. Intrust Bank NA now owns 24,804 shares of the apparel and home fashions retailer’s stock worth $2,997,000 after acquiring an additional 237 shares in the last quarter. Maridea Wealth Management LLC bought a new stake in TJX Companies during the 4th quarter worth approximately $333,000. Brown Brothers Harriman & Co. raised its holdings in TJX Companies by 7.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 21,644 shares of the apparel and home fashions retailer’s stock worth $2,615,000 after buying an additional 1,534 shares during the period. DnB Asset Management AS lifted its stake in TJX Companies by 15.8% in the fourth quarter. DnB Asset Management AS now owns 237,176 shares of the apparel and home fashions retailer’s stock valued at $28,653,000 after buying an additional 32,395 shares in the last quarter. Finally, Level Four Advisory Services LLC boosted its holdings in shares of TJX Companies by 8.2% in the fourth quarter. Level Four Advisory Services LLC now owns 76,978 shares of the apparel and home fashions retailer’s stock valued at $9,300,000 after buying an additional 5,830 shares during the period. Institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total value of $2,882,346.84. Following the completion of the sale, the chief executive officer now directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was 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. Insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE TJX opened at $118.06 on Friday. The firm has a market cap of $132.72 billion, a P/E ratio of 27.78, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The business’s 50 day moving average is $121.61 and its 200-day moving average is $120.20. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00.

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

Analyst Ratings Changes

TJX has been the topic of a number of research analyst reports. Jefferies Financial Group raised their price objective on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. BMO Capital Markets raised their price objective on TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Thursday. Guggenheim increased their price target on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Barclays lifted their price objective on shares of TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and an average price target of $135.06.

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.