Trust Investment Advisors Sells 2,588 Shares of The TJX Companies, Inc. (NYSE:TJX)

Trust Investment Advisors trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 11.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,592 shares of the apparel and home fashions retailer’s stock after selling 2,588 shares during the period. TJX Companies makes up about 1.5% of Trust Investment Advisors’ investment portfolio, making the stock its 13th largest holding. Trust Investment Advisors’ holdings in TJX Companies were worth $1,932,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Anchor Investment Management LLC purchased a new position in shares of TJX Companies in the 4th quarter worth $28,000. Householder Group Estate & Retirement Specialist LLC purchased a new position in TJX Companies in the third quarter worth about $29,000. BKM Wealth Management LLC purchased a new position in TJX Companies in the fourth quarter worth about $30,000. ICA Group Wealth Management LLC bought a new stake in shares of TJX Companies during the 4th quarter valued at about $27,000. Finally, Cornerstone Planning Group LLC purchased a new stake in shares of TJX Companies during the 2nd quarter valued at about $33,000. 91.09% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Louise Greenlees sold 2,694 shares of TJX Companies 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 completion of the transaction, the executive vice president now owns 50,273 shares in the company, valued at approximately $4,968,480.59. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related 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 transaction, 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 is accessible through the SEC website. Also, EVP Louise Greenlees sold 2,694 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was 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 of the company’s stock, valued at approximately $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

TJX Companies Price Performance

Shares of TJX traded down $0.47 during mid-day trading on Thursday, hitting $92.66. 3,290,774 shares of the stock were exchanged, compared to its average volume of 5,024,710. 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 company has a market cap 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 52-week low of $75.65 and a 52-week high of $102.84. The firm has a 50-day moving average of $97.80 and a two-hundred day moving average of $93.59.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the firm earned $0.89 earnings per share. TJX Companies’s revenue was up 13.0% on a year-over-year basis. On average, equities analysts predict that The TJX Companies, Inc. will post 4.07 earnings per share for the current year.

TJX Companies announced that its Board of Directors has authorized a stock repurchase program 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 programs are usually an indication that the company’s board believes its stock is undervalued.

TJX Companies Increases Dividend

The business 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. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Wednesday, May 15th. TJX Companies’s payout ratio is presently 38.86%.

Analysts Set New Price Targets

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

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.