Harvest Fund Management Co. Ltd Sells 3,868 Shares of The TJX Companies, Inc. (NYSE:TJX)

Harvest Fund Management Co. Ltd cut its position in The TJX Companies, Inc. (NYSE:TJX) by 62.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,326 shares of the apparel and home fashions retailer’s stock after selling 3,868 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in TJX Companies were worth $218,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in TJX. Tandem Investment Advisors Inc. boosted its position in TJX Companies by 1.8% during the 4th quarter. Tandem Investment Advisors Inc. now owns 5,846 shares of the apparel and home fashions retailer’s stock worth $548,000 after buying an additional 106 shares during the period. Alhambra Investment Management LLC raised its stake in shares of TJX Companies by 2.0% during the fourth quarter. Alhambra Investment Management LLC now owns 5,433 shares of the apparel and home fashions retailer’s stock valued at $510,000 after acquiring an additional 108 shares during the last quarter. BSW Wealth Partners lifted its holdings in shares of TJX Companies by 2.0% during the fourth quarter. BSW Wealth Partners now owns 5,623 shares of the apparel and home fashions retailer’s stock worth $528,000 after purchasing an additional 109 shares during the period. Insight Advisors LLC PA grew its stake in shares of TJX Companies by 3.1% in the fourth quarter. Insight Advisors LLC PA now owns 3,757 shares of the apparel and home fashions retailer’s stock worth $352,000 after purchasing an additional 112 shares during the last quarter. Finally, First Business Financial Services Inc. increased its holdings in TJX Companies by 0.6% in the third quarter. First Business Financial Services Inc. now owns 18,177 shares of the apparel and home fashions retailer’s stock valued at $1,616,000 after purchasing an additional 113 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Price Performance

TJX stock opened at $96.26 on Thursday. The TJX Companies, Inc. has a 1 year low of $75.65 and a 1 year high of $102.84. The stock has a market capitalization of $109.06 billion, a PE ratio of 24.68, a price-to-earnings-growth ratio of 2.43 and a beta of 0.86. The company’s 50-day moving average is $97.39 and its 200-day moving average is $93.80. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.21 and a quick ratio of 0.64.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating 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 firm had revenue of $16.41 billion during the quarter, compared to analysts’ expectations of $16.20 billion. During the same quarter last year, the firm posted $0.89 earnings per share. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. Equities research analysts expect that The TJX Companies, Inc. will post 4.07 EPS for the current fiscal year.

TJX Companies Increases Dividend

The firm 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 is an increase from TJX Companies’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, May 15th. This represents a $1.50 annualized dividend and a yield of 1.56%. TJX Companies’s dividend payout ratio is presently 34.46%.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on TJX shares. Redburn Atlantic downgraded TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 target price on the stock. in a report on Monday, February 5th. BMO Capital Markets lifted 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 increased their target price on shares of TJX Companies from $95.00 to $104.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. The Goldman Sachs Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and raised their price target for the stock from $100.00 to $110.00 in a report on Thursday. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued 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 fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $102.65.

Insider Buying and Selling at TJX Companies

In related news, EVP Louise Greenlees sold 2,694 shares of the company’s 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 owns 50,273 shares in the company, valued at approximately $4,968,480.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction that occurred 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 transaction, the executive vice president now 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 SEC, which can be accessed through this link. Also, CEO Ernie Herrman sold 20,000 shares of the 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 completion of the sale, the chief executive officer now directly 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 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.