J.Safra Asset Management Corp Raises Stake in The TJX Companies, Inc. (NYSE:TJX)

J.Safra Asset Management Corp grew its holdings in The TJX Companies, Inc. (NYSE:TJX) by 9.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,196 shares of the apparel and home fashions retailer’s stock after buying an additional 108 shares during the period. J.Safra Asset Management Corp’s holdings in TJX Companies were worth $112,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Syon Capital LLC raised its position in TJX Companies by 6.0% during the 4th quarter. Syon Capital LLC now owns 6,920 shares of the apparel and home fashions retailer’s stock worth $649,000 after buying an additional 391 shares during the last quarter. Roffman Miller Associates Inc. PA raised its holdings in TJX Companies by 2.9% during the fourth quarter. Roffman Miller Associates Inc. PA now owns 164,114 shares of the apparel and home fashions retailer’s stock worth $15,396,000 after purchasing an additional 4,647 shares in the last quarter. Pittenger & Anderson Inc. lifted its position in TJX Companies by 2.9% in the fourth quarter. Pittenger & Anderson Inc. now owns 179,146 shares of the apparel and home fashions retailer’s stock valued at $16,806,000 after purchasing an additional 5,094 shares during the period. Bank of New Hampshire boosted its holdings in TJX Companies by 10.9% in the 4th quarter. Bank of New Hampshire now owns 53,608 shares of the apparel and home fashions retailer’s stock valued at $5,029,000 after purchasing an additional 5,248 shares in the last quarter. Finally, Bailard Inc. increased its position in TJX Companies by 0.6% during the 4th quarter. Bailard Inc. now owns 214,222 shares of the apparel and home fashions retailer’s stock worth $20,096,000 after purchasing an additional 1,377 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insiders Place Their Bets

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 completion of the sale, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ernie Herrman sold 20,000 shares of the business’s 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 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 insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TJX shares. The Goldman Sachs Group raised TJX Companies from a “neutral” rating to a “buy” rating and raised their price target for the company from $100.00 to $110.00 in a report on Thursday. UBS Group raised their price objective 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. Redburn Atlantic lowered 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 report on Monday, February 5th. Telsey Advisory Group restated an “outperform” rating and issued a $105.00 price target on shares of TJX Companies in a report on Wednesday, February 28th. Finally, BMO Capital Markets lifted their price objective on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $102.65.

TJX Companies Trading Up 1.2 %

NYSE TJX traded up $1.14 during mid-day trading on Thursday, reaching $96.42. 6,248,675 shares of the stock were exchanged, compared to its average volume of 5,075,015. The business’s fifty day simple moving average is $97.36 and its 200 day simple moving average is $93.82. 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 $109.24 billion, a PE ratio of 24.98, a PEG ratio of 2.43 and a beta of 0.86. The TJX Companies, Inc. has a 1-year low of $75.65 and a 1-year high of $102.84.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.10. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The business had revenue of $16.41 billion during the quarter, compared to the consensus estimate of $16.20 billion. During the same quarter in the previous year, the business earned $0.89 earnings per share. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, research 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 of Directors has authorized a share repurchase program on Wednesday, February 28th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the apparel and home fashions retailer to repurchase up to 2.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be given a dividend of $0.375 per share. This is a positive change from TJX Companies’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.50 annualized dividend and a yield of 1.56%. TJX Companies’s dividend payout ratio is 34.46%.

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.