Bank OZK Sells 1,572 Shares of The TJX Companies, Inc. (NYSE:TJX)

Bank OZK lessened its position in The TJX Companies, Inc. (NYSE:TJX) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,813 shares of the apparel and home fashions retailer’s stock after selling 1,572 shares during the quarter. TJX Companies comprises about 1.3% of Bank OZK’s investment portfolio, making the stock its 18th biggest position. Bank OZK’s holdings in TJX Companies were worth $2,703,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Penobscot Investment Management Company Inc. increased its holdings in shares of TJX Companies by 35.5% during the 3rd quarter. Penobscot Investment Management Company Inc. now owns 73,466 shares of the apparel and home fashions retailer’s stock worth $6,530,000 after purchasing an additional 19,236 shares during the period. Ferguson Wellman Capital Management Inc. raised its position in shares of TJX Companies by 3.7% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 603,482 shares of the apparel and home fashions retailer’s stock valued at $56,613,000 after buying an additional 21,767 shares during the last quarter. Savoir Faire Capital Management L.P. acquired a new position in shares of TJX Companies during the third quarter valued at about $3,197,000. Gateway Investment Advisers LLC raised its position in shares of TJX Companies by 42.9% during the fourth quarter. Gateway Investment Advisers LLC now owns 19,108 shares of the apparel and home fashions retailer’s stock valued at $1,793,000 after buying an additional 5,737 shares during the last quarter. Finally, Cape Cod Five Cents Savings Bank raised its position in shares of TJX Companies by 109.1% during the third quarter. Cape Cod Five Cents Savings Bank now owns 148,954 shares of the apparel and home fashions retailer’s stock valued at $13,239,000 after buying an additional 77,711 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Insider Activity

In other news, EVP Louise Greenlees sold 2,694 shares of the 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 sale, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Louise Greenlees sold 2,694 shares of the 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 sale, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 515,801 shares in the company, valued at $51,053,982.98. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on TJX. Telsey Advisory Group reaffirmed an “outperform” rating and set a $105.00 price objective on shares of TJX Companies in a research report on Wednesday, February 28th. BMO Capital Markets upped their price objective on shares of TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. The Goldman Sachs Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and upped their target price for the company from $100.00 to $110.00 in a research note on Thursday. Redburn Atlantic cut 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. Finally, UBS Group upped 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. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.65.

TJX Companies Price Performance

TJX Companies stock traded down $0.06 during trading hours on Friday, hitting $96.36. 3,748,411 shares of the stock were exchanged, compared to its average volume of 4,860,047. 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 $109.17 billion, a P/E ratio of 24.96, a P/E/G ratio of 2.48 and a beta of 0.86. The TJX Companies, Inc. has a 12 month low of $75.65 and a 12 month high of $102.84. The business’s 50-day moving average is $97.33 and its two-hundred day moving average is $93.87.

TJX Companies (NYSE:TJX) last issued 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. The firm had revenue of $16.41 billion for the quarter, compared to analysts’ expectations of $16.20 billion. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.89 earnings per share. Equities research analysts expect that The TJX Companies, Inc. will post 4.07 EPS for the current fiscal year.

TJX Companies declared that its Board of Directors has authorized a stock buyback plan 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 purchase up to 2.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

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 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 dividend yield of 1.56%. The ex-dividend date of this dividend is Wednesday, May 15th. TJX Companies’s dividend payout ratio is 38.86%.

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.