Berkshire Bank Sells 218 Shares of The TJX Companies, Inc. (NYSE:TJX)

Berkshire Bank trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX) by 0.5% in the 2nd quarter, Holdings Channel reports. The fund owned 45,096 shares of the apparel and home fashions retailer’s stock after selling 218 shares during the quarter. TJX Companies comprises 1.1% of Berkshire Bank’s portfolio, making the stock its 22nd biggest holding. Berkshire Bank’s holdings in TJX Companies were worth $3,824,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. ZRC Wealth Management LLC bought a new position in TJX Companies in the second quarter worth $25,000. Tucker Asset Management LLC bought a new position in TJX Companies in the first quarter worth $25,000. Householder Group Estate & Retirement Specialist LLC bought a new position in TJX Companies in the first quarter worth $25,000. ICA Group Wealth Management LLC bought a new position in TJX Companies in the fourth quarter worth $27,000. Finally, Lakewood Asset Management LLC bought a new position in TJX Companies in the fourth quarter worth $28,000. 89.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Piper Sandler assumed coverage on TJX Companies in a research report on Thursday, June 29th. They issued an “overweight” rating and a $110.00 target price for the company. Morgan Stanley boosted their target price on shares of TJX Companies from $93.00 to $99.00 and gave the company an “overweight” rating in a research note on Thursday, August 17th. Robert W. Baird boosted their target price on shares of TJX Companies from $90.00 to $96.00 and gave the company an “outperform” rating in a research note on Thursday, August 17th. Loop Capital boosted their target price on shares of TJX Companies from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, September 6th. Finally, Jefferies Financial Group boosted their target price on shares of TJX Companies from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, August 17th. Three investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $95.42.

Insider Transactions at TJX Companies

In other news, Chairman Carol Meyrowitz sold 64,817 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $91.13, for a total transaction of $5,906,773.21. Following the completion of the transaction, the chairman now directly owns 135,050 shares in the company, valued at approximately $12,307,106.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Chairman Carol Meyrowitz sold 64,817 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $91.13, for a total transaction of $5,906,773.21. Following the completion of the transaction, the chairman now directly owns 135,050 shares in the company, valued at approximately $12,307,106.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ernie Herrman sold 45,000 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $89.04, for a total value of $4,006,800.00. Following the transaction, the chief executive officer now owns 642,098 shares of the company’s stock, valued at $57,172,405.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 114,014 shares of company stock worth $10,291,303. 0.13% of the stock is currently owned by company insiders.

TJX Companies Stock Performance

Shares of NYSE:TJX opened at $91.90 on Tuesday. The stock has a market capitalization of $105.14 billion, a P/E ratio of 26.95, a P/E/G ratio of 2.24 and a beta of 0.89. The TJX Companies, Inc. has a 1-year low of $59.78 and a 1-year high of $93.78. The company has a current ratio of 1.20, a quick ratio of 0.56 and a debt-to-equity ratio of 0.43. The business has a 50-day moving average price of $88.20 and a two-hundred day moving average price of $81.86.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, August 16th. The apparel and home fashions retailer reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.08. The firm had revenue of $12.76 billion during the quarter, compared to analysts’ expectations of $12.45 billion. TJX Companies had a return on equity of 62.61% and a net margin of 7.77%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.69 EPS. Equities analysts predict that The TJX Companies, Inc. will post 3.71 earnings per share for the current year.

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