Gilliland Jeter Wealth Management LLC Acquires New Position in The TJX Companies, Inc. (NYSE:TJX)

Gilliland Jeter Wealth Management LLC acquired a new stake in The TJX Companies, Inc. (NYSE:TJX) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,130 shares of the apparel and home fashions retailer’s stock, valued at approximately $950,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Anchor Investment Management LLC acquired a new position in TJX Companies during the fourth quarter worth about $28,000. BKM Wealth Management LLC acquired a new position in TJX Companies during the fourth quarter worth about $30,000. Larson Financial Group LLC raised its position in TJX Companies by 76.0% during the third quarter. Larson Financial Group LLC now owns 389 shares of the apparel and home fashions retailer’s stock worth $35,000 after acquiring an additional 168 shares during the last quarter. BOK Financial Private Wealth Inc. acquired a new position in TJX Companies during the fourth quarter worth about $40,000. Finally, Gradient Investments LLC raised its position in TJX Companies by 86.7% during the fourth quarter. Gradient Investments LLC now owns 478 shares of the apparel and home fashions retailer’s stock worth $45,000 after acquiring an additional 222 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. BMO Capital Markets lifted their price target on shares of TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. UBS Group lifted their price target on shares of TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. The Goldman Sachs Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $100.00 to $110.00 in a report on Thursday. Telsey Advisory Group reiterated an “outperform” rating and set a $105.00 price target on shares of TJX Companies in a report on Wednesday, February 28th. Finally, Redburn Atlantic downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target for the company. in a report on Monday, February 5th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $102.65.

TJX Companies Trading Down 0.1 %

TJX traded down $0.06 during trading on Friday, hitting $96.36. 3,748,411 shares of the company’s stock were exchanged, compared to its average volume of 4,860,047. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 0.39. The TJX Companies, Inc. has a 1 year low of $75.65 and a 1 year high of $102.84. The stock has a 50 day moving average price of $97.33 and a 200 day moving average price of $93.90. The firm has a market cap of $109.17 billion, a P/E ratio of 24.96, a price-to-earnings-growth ratio of 2.48 and a beta of 0.86.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.10. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The company had revenue of $16.41 billion during the quarter, compared to the consensus estimate of $16.20 billion. During the same period in the previous year, the firm earned $0.89 earnings per share. TJX Companies’s revenue for the quarter was up 13.0% on a year-over-year basis. As a group, 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 paid a dividend of $0.375 per share. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 annualized dividend and a yield of 1.56%. The ex-dividend date is Wednesday, May 15th. TJX Companies’s payout ratio is currently 34.46%.

TJX Companies announced that its board has initiated a stock repurchase plan 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 plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 515,801 shares in the company, valued at $51,053,982.98. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Louise Greenlees sold 2,694 shares of the business’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 transaction, 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. 0.13% of the stock is owned by insiders.

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.