PFG Advisors Invests $213,000 in The TJX Companies, Inc. (NYSE:TJX)

PFG Advisors purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJXFree Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,272 shares of the apparel and home fashions retailer’s stock, valued at approximately $213,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. ICA Group Wealth Management LLC bought a new position in TJX Companies in the 4th quarter valued at approximately $27,000. Anchor Investment Management LLC bought a new position in TJX Companies in the 4th quarter valued at approximately $28,000. Householder Group Estate & Retirement Specialist LLC bought a new position in TJX Companies in the 3rd quarter valued at approximately $29,000. BKM Wealth Management LLC bought a new position in TJX Companies in the 4th quarter valued at approximately $30,000. Finally, Cornerstone Planning Group LLC bought a new position in TJX Companies in the 2nd quarter valued at approximately $33,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Down 2.2 %

TJX opened at $97.28 on Thursday. The TJX Companies, Inc. has a twelve month low of $75.65 and a twelve month high of $102.84. 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 company has a fifty day moving average of $98.08 and a 200-day moving average of $93.19. The stock has a market cap of $110.28 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 2.56 and a beta of 0.86.

TJX Companies (NYSE:TJXGet Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. The business had revenue of $16.41 billion during the quarter, compared to analysts’ expectations of $16.20 billion. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the company posted $0.89 earnings per share. On average, sell-side analysts predict that The TJX Companies, Inc. will post 4.06 EPS for the current year.

TJX Companies declared that its board has authorized a share repurchase plan on Wednesday, February 28th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the apparel and home fashions retailer to purchase up to 2.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

TJX Companies Increases Dividend

The business also recently declared 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 represents a $1.50 dividend on an annualized basis and a yield of 1.54%. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, May 15th. TJX Companies’s dividend payout ratio (DPR) is presently 34.46%.

Insiders Place Their Bets

In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the firm’s stock in a transaction on 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 $4,968,480.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the firm’s 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Louise Greenlees sold 2,694 shares of the firm’s 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 completion of 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. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TJX shares. Redburn Atlantic downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective for the company. in a research note on Monday, February 5th. BMO Capital Markets upped their price target on shares of TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. Telsey Advisory Group restated an “outperform” rating and issued a $105.00 price target on shares of TJX Companies in a research report on Wednesday, February 28th. Finally, UBS Group upped their price target 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. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $102.19.

View Our Latest Analysis on TJX

TJX Companies Profile

(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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