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

Xponance Inc. boosted its position in The TJX Companies, Inc. (NYSE:TJX) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 266,331 shares of the apparel and home fashions retailer’s stock after purchasing an additional 2,996 shares during the period. Xponance Inc.’s holdings in TJX Companies were worth $24,985,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Anchor Investment Management LLC acquired a new stake in shares of TJX Companies during the 4th quarter valued at $28,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of TJX Companies during the 3rd quarter valued at $29,000. BKM Wealth Management LLC acquired a new stake in shares of TJX Companies during the 4th quarter valued at $30,000. ICA Group Wealth Management LLC acquired a new stake in shares of TJX Companies during the 4th quarter valued at $27,000. Finally, Cornerstone Planning Group LLC acquired a new stake in shares of TJX Companies during the 2nd quarter valued at $33,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Down 0.5 %

Shares of NYSE TJX traded down $0.47 during mid-day trading on Thursday, reaching $92.66. The company had a trading volume of 3,290,673 shares, compared to its average volume of 5,012,060. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.64 and a current ratio of 1.21. The stock has a market capitalization of $104.98 billion, a PE ratio of 24.12, a price-to-earnings-growth ratio of 2.40 and a beta of 0.86. The TJX Companies, Inc. has a twelve month low of $75.65 and a twelve month high of $102.84. The stock’s 50 day moving average is $97.80 and its 200-day moving average is $93.59.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping the consensus estimate of $1.12 by $0.10. The firm had revenue of $16.41 billion for 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 business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 earnings per share. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 4.07 earnings per share for the current fiscal year.

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

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.62%. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, May 15th. TJX Companies’s dividend payout ratio is presently 38.86%.

Insiders Place Their Bets

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 completion of the sale, the chief executive officer now directly owns 515,801 shares in the company, valued at $51,053,982.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other TJX Companies news, 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 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 can be accessed through this hyperlink. Also, 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 sale, the chief executive officer now owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

TJX has been the subject of a number of recent research reports. Telsey Advisory Group reiterated an “outperform” rating and set a $105.00 price objective on shares of TJX Companies in a research report on Wednesday, February 28th. Redburn Atlantic downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 target price on the stock. in a research note on Monday, February 5th. UBS Group boosted their target price on shares of TJX Companies from $95.00 to $104.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Finally, BMO Capital Markets boosted their target price 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. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $102.19.

TJX Companies 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.