WealthShield Partners LLC Buys 2,767 Shares of The TJX Companies, Inc. (NYSE:TJX)

WealthShield Partners LLC raised its stake in The TJX Companies, Inc. (NYSE:TJXFree Report) by 10.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,654 shares of the apparel and home fashions retailer’s stock after purchasing an additional 2,767 shares during the period. WealthShield Partners LLC’s holdings in TJX Companies were worth $2,782,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in TJX Companies by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 95,135,688 shares of the apparel and home fashions retailer’s stock valued at $8,455,660,000 after purchasing an additional 392,783 shares during the period. FMR LLC boosted its holdings in TJX Companies by 13.1% in the 3rd quarter. FMR LLC now owns 52,008,484 shares of the apparel and home fashions retailer’s stock valued at $4,622,514,000 after purchasing an additional 6,036,764 shares during the period. State Street Corp boosted its holdings in TJX Companies by 4.5% in the 2nd quarter. State Street Corp now owns 46,543,024 shares of the apparel and home fashions retailer’s stock valued at $3,946,383,000 after purchasing an additional 1,990,407 shares during the period. Morgan Stanley raised its stake in shares of TJX Companies by 88.1% in the 4th quarter. Morgan Stanley now owns 26,619,778 shares of the apparel and home fashions retailer’s stock valued at $2,118,935,000 after buying an additional 12,468,119 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of TJX Companies by 1.0% in the 1st quarter. Geode Capital Management LLC now owns 20,891,507 shares of the apparel and home fashions retailer’s stock valued at $1,632,900,000 after buying an additional 209,152 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

TJX Companies Price Performance

Shares of NYSE TJX traded down $1.94 during trading on Wednesday, reaching $97.53. The company had a trading volume of 2,349,466 shares, compared to its average volume of 4,983,754. The TJX Companies, Inc. has a 52 week low of $75.65 and a 52 week high of $102.84. The business’s 50 day moving average price is $98.04 and its 200-day moving average price is $93.16. The stock has a market cap of $110.56 billion, a PE ratio of 25.77, a PEG ratio of 2.57 and a beta of 0.86. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.64 and a current ratio of 1.21.

TJX Companies (NYSE:TJXGet Free Report) last posted its quarterly earnings data 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. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The firm had revenue of $16.41 billion during the quarter, compared to analysts’ expectations of $16.20 billion. During the same quarter in the previous year, the company posted $0.89 EPS. TJX Companies’s revenue was up 13.0% on a year-over-year basis. Analysts expect that The TJX Companies, Inc. will post 4.06 earnings per share for the current year.

TJX Companies announced that its board has approved a share buyback plan on Wednesday, February 28th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the apparel and home fashions retailer to buy up to 2.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are 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 issued a dividend of $0.375 per share. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 annualized dividend and a yield of 1.54%. TJX Companies’s dividend payout ratio is currently 34.46%.

Insiders Place Their Bets

In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the company’s stock in a transaction on Friday, March 1st. The stock was 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 of the company’s stock, valued at approximately $4,968,480.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the company’s 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 completion of the sale, the chief executive officer now owns 515,801 shares in the company, valued at approximately $51,053,982.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Louise Greenlees sold 2,694 shares of the company’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 sale, the executive vice president now owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. BMO Capital Markets increased their price objective on shares of TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. Telsey Advisory Group restated an “outperform” rating and issued a $105.00 price objective on shares of TJX Companies in a research note on Wednesday, February 28th. Redburn Atlantic cut 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. Finally, UBS Group increased their target price on shares of TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and an average price target of $102.19.

Check Out Our Latest Stock Report 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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