AMI Investment Management Inc. Has $3.62 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

AMI Investment Management Inc. trimmed its position in The TJX Companies, Inc. (NYSE:TJX) by 6.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,575 shares of the apparel and home fashions retailer’s stock after selling 2,536 shares during the quarter. TJX Companies makes up 1.5% of AMI Investment Management Inc.’s portfolio, making the stock its 21st biggest position. AMI Investment Management Inc.’s holdings in TJX Companies were worth $3,619,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Peak Financial Management Inc. bought a new position in TJX Companies during the fourth quarter worth about $227,000. Transform Wealth LLC boosted its holdings in TJX Companies by 6.9% during the fourth quarter. Transform Wealth LLC now owns 79,264 shares of the apparel and home fashions retailer’s stock worth $7,436,000 after buying an additional 5,110 shares during the last quarter. Ritholtz Wealth Management lifted its holdings in shares of TJX Companies by 5.1% during the 4th quarter. Ritholtz Wealth Management now owns 16,530 shares of the apparel and home fashions retailer’s stock valued at $1,551,000 after purchasing an additional 805 shares in the last quarter. Everett Harris & Co. CA lifted its holdings in shares of TJX Companies by 1.5% during the 4th quarter. Everett Harris & Co. CA now owns 1,139,066 shares of the apparel and home fashions retailer’s stock valued at $106,856,000 after purchasing an additional 16,853 shares in the last quarter. Finally, Trueblood Wealth Management LLC bought a new position in shares of TJX Companies during the 4th quarter valued at about $303,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TJX Companies

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

TJX Companies Stock Up 0.3 %

TJX stock opened at $101.42 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.21 and a quick ratio of 0.64. The stock has a market capitalization of $114.97 billion, a price-to-earnings ratio of 26.27, a PEG ratio of 2.60 and a beta of 0.86. The business’s fifty day moving average price is $97.61 and its two-hundred day moving average price is $92.94. The TJX Companies, Inc. has a fifty-two week low of $75.65 and a fifty-two week high of $102.84.

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 the consensus estimate of $1.12 by $0.10. The company had revenue of $16.41 billion for the quarter, compared to analyst estimates of $16.20 billion. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. TJX Companies’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.89 EPS. On average, equities analysts anticipate that The TJX Companies, Inc. will post 4.06 earnings per share for the current year.

TJX Companies declared that its Board of Directors has initiated a share buyback program on Wednesday, February 28th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the apparel and home fashions retailer to purchase up to 2.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

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