Capital Analysts LLC Purchases 145 Shares of The TJX Companies, Inc. (NYSE:TJX)

Capital Analysts LLC increased its position in The TJX Companies, Inc. (NYSE:TJX) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,939 shares of the apparel and home fashions retailer’s stock after purchasing an additional 145 shares during the quarter. Capital Analysts LLC’s holdings in TJX Companies were worth $558,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Keel Point LLC lifted its holdings in shares of TJX Companies by 2.9% during the fourth quarter. Keel Point LLC now owns 4,231 shares of the apparel and home fashions retailer’s stock valued at $397,000 after acquiring an additional 121 shares during the period. Bison Wealth LLC increased its stake in shares of TJX Companies by 2.5% in the fourth quarter. Bison Wealth LLC now owns 10,435 shares of the apparel and home fashions retailer’s stock valued at $979,000 after buying an additional 257 shares in the last quarter. Dakota Wealth Management increased its stake in shares of TJX Companies by 115.5% in the fourth quarter. Dakota Wealth Management now owns 53,371 shares of the apparel and home fashions retailer’s stock valued at $5,007,000 after buying an additional 28,610 shares in the last quarter. Cullen Investment Group LTD. acquired a new stake in shares of TJX Companies in the fourth quarter valued at $1,700,000. Finally, BOK Financial Private Wealth Inc. acquired a new stake in shares of TJX Companies in the fourth quarter valued at $40,000. 91.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TJX shares. BMO Capital Markets raised their target price on TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. Telsey Advisory Group restated an “outperform” rating and issued a $105.00 target price on shares of TJX Companies in a research note on Wednesday, February 28th. Redburn Atlantic lowered TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective for the company. in a research report on Monday, February 5th. Finally, UBS Group lifted their price objective on TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $102.19.

TJX Companies Trading Down 0.3 %

NYSE TJX opened at $93.10 on Thursday. The stock has a market capitalization of $105.48 billion, a price-to-earnings ratio of 24.12, a PEG ratio of 2.40 and a beta of 0.86. The stock’s 50 day moving average price is $97.80 and its two-hundred day moving average price is $93.59. 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.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating the consensus estimate of $1.12 by $0.10. The firm had revenue of $16.41 billion for the quarter, compared to analysts’ expectations of $16.20 billion. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.89 EPS. As a group, analysts anticipate 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. Investors of record on Thursday, May 16th will be issued a dividend of $0.375 per share. The ex-dividend date is Wednesday, May 15th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.61%. TJX Companies’s payout ratio is presently 38.86%.

TJX Companies announced that its board has authorized a share repurchase plan 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 repurchase up to 2.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction on 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 directly owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Louise Greenlees sold 2,694 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $98.83, for a total transaction of $266,248.02. Following the completion of the sale, the executive vice president now directly owns 50,273 shares in the company, valued at approximately $4,968,480.59. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction on 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 owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

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.