Sachetta LLC Makes New Investment in The TJX Companies, Inc. (NYSE:TJX)

Sachetta LLC bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 410 shares of the apparel and home fashions retailer’s stock, valued at approximately $38,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Anchor Investment Management LLC acquired a new stake in TJX Companies in the fourth quarter valued at $28,000. BKM Wealth Management LLC acquired a new stake in TJX Companies in the fourth quarter valued at $30,000. Larson Financial Group LLC increased its holdings in TJX Companies by 76.0% in the third quarter. Larson Financial Group LLC now owns 389 shares of the apparel and home fashions retailer’s stock valued at $35,000 after purchasing an additional 168 shares during the period. BOK Financial Private Wealth Inc. acquired a new stake in TJX Companies in the fourth quarter valued at $40,000. Finally, Gradient Investments LLC increased its holdings in TJX Companies by 86.7% in the fourth quarter. Gradient Investments LLC now owns 478 shares of the apparel and home fashions retailer’s stock valued at $45,000 after purchasing an additional 222 shares during the period. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TJX. Deutsche Bank Aktiengesellschaft set a $114.00 price target on TJX Companies in a report on Tuesday. Robert W. Baird increased their price target on TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Thursday. UBS Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $104.00 to $132.00 in a research report on Thursday, May 2nd. Evercore ISI set a $113.00 price objective on shares of TJX Companies in a research report on Tuesday. Finally, Redburn Atlantic cut shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective on the stock. in a research report on Monday, February 5th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and an average target price of $108.67.

Insider Transactions at TJX Companies

In other news, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction on 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 owns 50,273 shares in the company, valued at approximately $4,968,480.59. The sale was disclosed in a filing 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 on 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 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 can be accessed through this link. Also, CEO Ernie Herrman sold 20,000 shares of TJX Companies 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 owns 515,801 shares in the company, valued at approximately $51,053,982.98. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

Shares of TJX opened at $101.12 on Thursday. The company has a market capitalization of $114.57 billion, a P/E ratio of 26.20, a price-to-earnings-growth ratio of 2.64 and a beta of 0.87. 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 firm has a 50 day moving average of $97.15 and a 200 day moving average of $94.97. The TJX Companies, Inc. has a twelve month low of $75.65 and a twelve month high of $104.98.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The business had revenue of $12.48 billion during the quarter, compared to the consensus estimate of $12.48 billion. During the same quarter in the previous year, the firm posted $0.76 EPS. The firm’s revenue was up 5.9% on a year-over-year basis. As a group, equities research analysts anticipate that The TJX Companies, Inc. will post 4.1 earnings per share for the current fiscal 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 given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.48%. 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 payout ratio is 38.86%.

TJX Companies announced that its Board of Directors has approved a stock repurchase program 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 reacquire up to 2.2% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

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.