OmniStar Financial Group Inc. Buys New Shares in The TJX Companies, Inc. (NYSE:TJX)

OmniStar Financial Group Inc. bought a new stake in The TJX Companies, Inc. (NYSE:TJX) in the 4th quarter, Holdings Channel.com reports. The fund bought 2,602 shares of the apparel and home fashions retailer’s stock, valued at approximately $244,000.

Several other institutional investors have also recently added to or reduced their stakes in TJX. Fairfield Bush & CO. acquired a new stake in TJX Companies during the first quarter worth about $68,000. United Bank boosted its position in shares of TJX Companies by 9.2% in the first quarter. United Bank now owns 15,197 shares of the apparel and home fashions retailer’s stock worth $921,000 after buying an additional 1,284 shares during the period. AMI Investment Management Inc. purchased a new stake in shares of TJX Companies in the first quarter worth about $2,780,000. Cetera Investment Advisers boosted its position in shares of TJX Companies by 69.0% in the first quarter. Cetera Investment Advisers now owns 38,304 shares of the apparel and home fashions retailer’s stock worth $2,320,000 after buying an additional 15,644 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its position in shares of TJX Companies by 10.0% in the first quarter. Sequoia Financial Advisors LLC now owns 4,396 shares of the apparel and home fashions retailer’s stock worth $266,000 after buying an additional 398 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction that occurred on 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Louise Greenlees sold 2,694 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $98.83, for a total value of $266,248.02. Following the sale, the executive vice president now directly owns 50,273 shares in the company, valued at approximately $4,968,480.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 515,801 shares in the company, valued at $51,053,982.98. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Up 1.2 %

NYSE TJX traded up $1.14 on Tuesday, hitting $99.32. 5,256,935 shares of the stock traded hands, compared to its average volume of 5,060,365. The stock has a 50-day moving average of $97.40 and a 200 day moving average of $92.82. The TJX Companies, Inc. has a twelve month low of $74.77 and a twelve month high of $102.84. The company has a market capitalization of $112.59 billion, a P/E ratio of 25.73, a price-to-earnings-growth ratio of 2.56 and a beta of 0.86. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 0.39.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. The business had revenue of $16.41 billion for the quarter, compared to analysts’ expectations of $16.20 billion. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.89 EPS. As a group, analysts expect that The TJX Companies, Inc. will post 4.06 earnings per share for the current fiscal year.

TJX Companies announced that its board has approved a stock repurchase plan on Wednesday, February 28th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the apparel and home fashions retailer to repurchase up to 2.2% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

TJX has been the subject of several analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $105.00 target price on shares of TJX Companies in a research report on Wednesday, February 28th. Redburn Atlantic downgraded TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target for the company. in a report on Monday, February 5th. UBS Group increased their price target on TJX Companies from $95.00 to $104.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Finally, BMO Capital Markets increased their price target on TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $102.19.

TJX Companies Company 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.