CreativeOne Wealth LLC Boosts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

CreativeOne Wealth LLC lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 47.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,914 shares of the apparel and home fashions retailer’s stock after acquiring an additional 2,235 shares during the period. CreativeOne Wealth LLC’s holdings in TJX Companies were worth $648,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Bedel Financial Consulting Inc. grew its stake in shares of TJX Companies by 3.4% during the fourth quarter. Bedel Financial Consulting Inc. now owns 3,190 shares of the apparel and home fashions retailer’s stock worth $299,000 after acquiring an additional 104 shares during the last quarter. Tandem Investment Advisors Inc. grew its stake in shares of TJX Companies by 1.8% during the fourth quarter. Tandem Investment Advisors Inc. now owns 5,846 shares of the apparel and home fashions retailer’s stock worth $548,000 after acquiring an additional 106 shares during the last quarter. Alhambra Investment Management LLC grew 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 worth $510,000 after acquiring an additional 108 shares during the last quarter. J.Safra Asset Management Corp grew its stake in shares of TJX Companies by 9.9% during the fourth quarter. J.Safra Asset Management Corp now owns 1,196 shares of the apparel and home fashions retailer’s stock worth $112,000 after acquiring an additional 108 shares during the last quarter. Finally, 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. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Down 0.4 %

Shares of NYSE:TJX opened at $100.70 on Thursday. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 0.39. The business has a fifty day moving average of $97.15 and a two-hundred day moving average of $94.97. The stock has a market cap of $114.09 billion, a P/E ratio of 26.20, a PEG ratio of 2.64 and a beta of 0.87. The TJX Companies, Inc. has a 52-week low of $75.65 and a 52-week high of $104.98.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.06. The company had revenue of $12.48 billion during the quarter, compared to analysts’ expectations of $12.48 billion. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.76 EPS. On average, research analysts expect that The TJX Companies, Inc. will post 4.1 earnings per share for the current year.

TJX Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be issued a $0.375 dividend. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 annualized dividend and a yield of 1.49%. The ex-dividend date is Wednesday, May 15th. TJX Companies’s dividend payout ratio is presently 38.86%.

TJX Companies announced that its board has initiated a share 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 buy up to 2.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research firms recently commented on TJX. Telsey Advisory Group lifted their target price on TJX Companies from $112.00 to $115.00 and gave the stock an “outperform” rating in a report on Thursday. The Goldman Sachs Group raised TJX Companies from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $100.00 to $110.00 in a report on Thursday, April 25th. Evercore ISI set a $113.00 target price on TJX Companies in a report on Tuesday. BMO Capital Markets lifted their target price on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Finally, Robert W. Baird lifted their target price on TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $108.67.

Insider Buying and Selling at TJX Companies

In related news, EVP Louise Greenlees sold 2,694 shares of the stock in a transaction dated 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 approximately $4,968,480.59. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Ernie Herrman sold 20,000 shares of the 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 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 filing with the SEC, which is available through this hyperlink. 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 value 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 disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

About TJX Companies

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.