Twin Capital Management Inc. Trims Stake in The TJX Companies, Inc. (NYSE:TJX)

Twin Capital Management Inc. reduced its stake in The TJX Companies, Inc. (NYSE:TJX) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,204 shares of the apparel and home fashions retailer’s stock after selling 592 shares during the quarter. Twin Capital Management Inc.’s holdings in TJX Companies were worth $1,614,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in TJX. Fairfield Bush & CO. bought a new stake in shares of TJX Companies in the 1st quarter worth approximately $68,000. United Bank boosted its position in shares of TJX Companies by 9.2% in the 1st quarter. United Bank now owns 15,197 shares of the apparel and home fashions retailer’s stock worth $921,000 after purchasing an additional 1,284 shares in the last quarter. AMI Investment Management Inc. bought a new stake in shares of TJX Companies in the 1st quarter worth approximately $2,780,000. Cetera Investment Advisers lifted its position in TJX Companies by 69.0% in the 1st quarter. Cetera Investment Advisers now owns 38,304 shares of the apparel and home fashions retailer’s stock valued at $2,320,000 after acquiring an additional 15,644 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in TJX Companies by 10.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 4,396 shares of the apparel and home fashions retailer’s stock valued at $266,000 after acquiring an additional 398 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

TJX Companies Trading Down 0.5 %

Shares of TJX stock opened at $92.66 on Friday. The TJX Companies, Inc. has a 52-week low of $75.65 and a 52-week high of $102.84. 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 firm has a market capitalization of $104.98 billion, a PE ratio of 24.01, a PEG ratio of 2.40 and a beta of 0.86. The stock has a fifty day simple moving average of $97.69 and a two-hundred day simple moving average of $93.59.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share (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 business had revenue of $16.41 billion during the quarter, compared to analyst estimates of $16.20 billion. During the same quarter in the prior year, the business posted $0.89 EPS. TJX Companies’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, analysts predict that The TJX Companies, Inc. will post 4.07 EPS for the current fiscal year.

TJX Companies declared that its Board of Directors has approved a share buyback plan on Wednesday, February 28th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the apparel and home fashions retailer to buy up to 2.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Wednesday, May 15th. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s dividend payout ratio is 34.46%.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the completion of the transaction, the executive vice president now owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the completion of the transaction, the chief executive officer now owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Louise Greenlees sold 2,694 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the transaction, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

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