The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Flossbach Von Storch AG

Flossbach Von Storch AG cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 14.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 190,933 shares of the apparel and home fashions retailer’s stock after selling 32,126 shares during the period. Flossbach Von Storch AG’s holdings in TJX Companies were worth $17,911,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of TJX Companies by 76.4% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,696 shares of the apparel and home fashions retailer’s stock worth $253,000 after buying an additional 1,168 shares during the period. Tandem Investment Advisors Inc. raised its holdings in TJX Companies by 1.8% during the fourth quarter. Tandem Investment Advisors Inc. now owns 5,846 shares of the apparel and home fashions retailer’s stock worth $548,000 after purchasing an additional 106 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in TJX Companies by 9.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 119,994 shares of the apparel and home fashions retailer’s stock worth $11,256,000 after purchasing an additional 9,895 shares in the last quarter. Oakworth Capital Inc. raised its holdings in TJX Companies by 2.2% during the fourth quarter. Oakworth Capital Inc. now owns 11,115 shares of the apparel and home fashions retailer’s stock worth $1,043,000 after purchasing an additional 235 shares in the last quarter. Finally, Arbor Trust Wealth Advisors LLC raised its holdings in TJX Companies by 2.4% during the fourth quarter. Arbor Trust Wealth Advisors LLC now owns 22,541 shares of the apparel and home fashions retailer’s stock worth $2,115,000 after purchasing an additional 530 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

TJX Companies Stock Down 0.3 %

NYSE:TJX traded down $0.28 during trading hours on Wednesday, hitting $93.10. 4,765,975 shares of the stock traded hands, compared to its average volume of 5,048,109. The firm has a 50 day moving average price of $97.80 and a 200 day moving average price of $93.59. 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 fifty-two week low of $75.65 and a fifty-two week high of $102.84. The firm has a market cap of $105.48 billion, a price-to-earnings ratio of 24.12, a PEG ratio of 2.39 and a beta of 0.86.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating 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 company had revenue of $16.41 billion for the quarter, compared to the consensus estimate of $16.20 billion. During the same period in the previous year, the business earned $0.89 EPS. The company’s revenue was up 13.0% on a year-over-year basis. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.07 earnings per share for the current year.

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.375 per share. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Wednesday, May 15th. TJX Companies’s payout ratio is currently 34.46%.

TJX Companies declared that its board has authorized a share buyback program on Wednesday, February 28th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the apparel and home fashions retailer to buy up to 2.2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other news, CEO Ernie Herrman sold 20,000 shares of the business’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 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 filing with the SEC, which is available at this hyperlink. In related news, 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

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.