Avantax Planning Partners Inc. Has $1.61 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Avantax Planning Partners Inc. reduced its stake in The TJX Companies, Inc. (NYSE:TJXFree Report) by 4.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,207 shares of the apparel and home fashions retailer’s stock after selling 766 shares during the period. Avantax Planning Partners Inc.’s holdings in TJX Companies were worth $1,614,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Penobscot Investment Management Company Inc. raised its holdings in TJX Companies by 35.5% in the 3rd quarter. Penobscot Investment Management Company Inc. now owns 73,466 shares of the apparel and home fashions retailer’s stock valued at $6,530,000 after buying an additional 19,236 shares during the last quarter. Ferguson Wellman Capital Management Inc. raised its holdings in TJX Companies by 3.7% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 603,482 shares of the apparel and home fashions retailer’s stock worth $56,613,000 after purchasing an additional 21,767 shares during the last quarter. Savoir Faire Capital Management L.P. bought a new position in TJX Companies during the 3rd quarter worth approximately $3,197,000. Gateway Investment Advisers LLC raised its holdings in TJX Companies by 42.9% during the 4th quarter. Gateway Investment Advisers LLC now owns 19,108 shares of the apparel and home fashions retailer’s stock worth $1,793,000 after purchasing an additional 5,737 shares during the last quarter. Finally, Cape Cod Five Cents Savings Bank raised its holdings in TJX Companies by 109.1% during the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 148,954 shares of the apparel and home fashions retailer’s stock worth $13,239,000 after purchasing an additional 77,711 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Insider Activity at TJX Companies

In related 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 in the company, valued at $51,053,982.98. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the company’s 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 sale, 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 legal filing with the SEC, which is available through the SEC website. Also, 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 transaction of $266,248.02. Following the sale, 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 company insiders.

Analysts Set New Price Targets

TJX has been the subject of several analyst reports. BMO Capital Markets raised 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. The Goldman Sachs Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $100.00 to $110.00 in a research note on Thursday, April 25th. TD Cowen lifted their price objective on shares of TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Barclays lifted their price objective on shares of TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Robert W. Baird lifted their price objective on shares of TJX Companies from $110.00 to $113.00 and gave the company an “outperform” rating in a research note on Thursday. Two analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $110.05.

Read Our Latest Stock Report on TJX

TJX Companies Stock Up 1.7 %

Shares of NYSE TJX traded up $1.74 during trading on Friday, hitting $101.90. The stock had a trading volume of 3,480,721 shares, compared to its average volume of 5,221,426. The TJX Companies, Inc. has a 12 month low of $75.65 and a 12 month high of $104.98. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.23 and a quick ratio of 0.64. The company has a market capitalization of $115.45 billion, a PE ratio of 25.21, a PEG ratio of 2.72 and a beta of 0.87. The firm has a fifty day moving average of $97.18 and a two-hundred day moving average of $95.01.

TJX Companies (NYSE:TJXGet Free Report) last posted its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.06. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The firm had revenue of $12.48 billion during the quarter, compared to analyst estimates of $12.48 billion. During the same quarter in the prior year, the business posted $0.76 EPS. The business’s revenue was up 5.9% compared to the same quarter last year. As a group, equities research analysts forecast that The TJX Companies, Inc. will post 4.05 EPS for the current fiscal year.

TJX Companies announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 28th that permits the company to repurchase $2.50 billion in outstanding 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 usually an indication that the company’s management believes its stock is undervalued.

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.50 annualized dividend and a yield of 1.47%. This is a positive change from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s dividend payout ratio is presently 37.22%.

About TJX Companies

(Free Report)

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.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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