The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by Cwm LLC

Cwm LLC boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 25.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 88,379 shares of the apparel and home fashions retailer’s stock after buying an additional 17,865 shares during the quarter. Cwm LLC’s holdings in TJX Companies were worth $8,291,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC increased its position in TJX Companies by 6.2% during the 3rd quarter. International Assets Investment Management LLC now owns 10,446 shares of the apparel and home fashions retailer’s stock worth $920,000 after purchasing an additional 613 shares in the last quarter. IFP Advisors Inc raised its position in shares of TJX Companies by 11.8% in the third quarter. IFP Advisors Inc now owns 5,153 shares of the apparel and home fashions retailer’s stock valued at $458,000 after buying an additional 542 shares during the last quarter. RFG Advisory LLC lifted its stake in shares of TJX Companies by 60.2% during the third quarter. RFG Advisory LLC now owns 5,902 shares of the apparel and home fashions retailer’s stock valued at $525,000 after buying an additional 2,218 shares during the period. Douglas Lane & Associates LLC acquired a new stake in TJX Companies during the third quarter worth approximately $220,000. Finally, Avior Wealth Management LLC grew its stake in TJX Companies by 3.3% in the 3rd quarter. Avior Wealth Management LLC now owns 3,728 shares of the apparel and home fashions retailer’s stock worth $331,000 after acquiring an additional 119 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $98.98, for a total value 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 approximately $51,053,982.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $51,053,982.98. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Louise Greenlees sold 2,694 shares of TJX Companies 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 completion of the transaction, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on TJX shares. BMO Capital Markets increased their price target on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. UBS Group increased their target price on TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Telsey Advisory Group reissued an “outperform” rating and issued a $105.00 price target on shares of TJX Companies in a research note 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 objective for the company. in a research note on Monday, February 5th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $102.19.

TJX Companies Stock Up 0.8 %

Shares of NYSE:TJX opened at $94.08 on Tuesday. The firm has a market cap of $106.59 billion, a PE ratio of 24.37, a price-to-earnings-growth ratio of 2.40 and a beta of 0.86. The company has a fifty day simple moving average of $97.50 and a 200 day simple moving average of $93.74. 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 12-month low of $75.65 and a 12-month high of $102.84.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.10. The company had revenue of $16.41 billion during the quarter, compared to the consensus estimate of $16.20 billion. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The company’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.89 EPS. On average, equities research analysts anticipate that The TJX Companies, Inc. will post 4.07 EPS for the current fiscal year.

TJX Companies announced that its Board of Directors has initiated 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 shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

TJX Companies Increases Dividend

The company 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. The ex-dividend date is Wednesday, May 15th. This represents a $1.50 annualized dividend and a yield of 1.59%. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s dividend payout ratio is presently 34.46%.

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.