Marino Stram & Associates LLC Sells 136 Shares of The TJX Companies, Inc. (NYSE:TJX)

Marino Stram & Associates LLC trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,240 shares of the apparel and home fashions retailer’s stock after selling 136 shares during the quarter. Marino Stram & Associates LLC’s holdings in TJX Companies were worth $210,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Alhambra Investment Management LLC boosted its position in TJX Companies by 2.0% during the 4th quarter. Alhambra Investment Management LLC now owns 5,433 shares of the apparel and home fashions retailer’s stock worth $510,000 after acquiring an additional 108 shares during the last quarter. BSW Wealth Partners boosted its position in TJX Companies by 2.0% during the 4th quarter. BSW Wealth Partners now owns 5,623 shares of the apparel and home fashions retailer’s stock worth $528,000 after acquiring an additional 109 shares during the last quarter. Insight Advisors LLC PA boosted its position in TJX Companies by 3.1% during the 4th quarter. Insight Advisors LLC PA now owns 3,757 shares of the apparel and home fashions retailer’s stock worth $352,000 after acquiring an additional 112 shares during the last quarter. First Business Financial Services Inc. boosted its position in TJX Companies by 0.6% during the 3rd quarter. First Business Financial Services Inc. now owns 18,177 shares of the apparel and home fashions retailer’s stock worth $1,616,000 after acquiring an additional 113 shares during the last quarter. Finally, WNY Asset Management LLC boosted its position in TJX Companies by 4.8% during the 3rd quarter. WNY Asset Management LLC now owns 2,511 shares of the apparel and home fashions retailer’s stock worth $223,000 after acquiring an additional 115 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Up 0.4 %

Shares of NYSE TJX opened at $93.39 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.64 and a current ratio of 1.21. The TJX Companies, Inc. has a 52 week low of $75.65 and a 52 week high of $102.84. The stock has a market capitalization of $105.81 billion, a P/E ratio of 24.19, a PEG ratio of 2.39 and a beta of 0.86. The stock’s fifty day moving average is $97.89 and its 200 day moving average is $93.60.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The company had revenue of $16.41 billion for the quarter, compared to analysts’ expectations of $16.20 billion. During the same quarter last year, the business earned $0.89 earnings per share. TJX Companies’s revenue was up 13.0% on a year-over-year basis. Sell-side analysts forecast that The TJX Companies, Inc. will post 4.07 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Wednesday, May 15th. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s payout ratio is currently 34.46%.

TJX Companies declared that its board has approved a share buyback program on Wednesday, February 28th that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the apparel and home fashions retailer to purchase up to 2.2% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

TJX has been the subject of several recent analyst reports. BMO Capital Markets increased their price objective on TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. UBS Group increased their price objective on TJX Companies from $95.00 to $104.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Redburn Atlantic downgraded TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective for the company. in a report on Monday, February 5th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $105.00 price objective on shares of TJX Companies in a report on Wednesday, February 28th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.19.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of TJX Companies 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 transaction, the chief executive officer now owns 515,801 shares in the company, valued at $51,053,982.98. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $98.98, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $98.83, for a total value of $266,248.02. Following the sale, the executive vice president now directly owns 50,273 shares in the company, valued at $4,968,480.59. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

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.