Little House Capital LLC Sells 1,283 Shares of The TJX Companies, Inc. (NYSE:TJX)

Little House Capital LLC trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX) by 12.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,914 shares of the apparel and home fashions retailer’s stock after selling 1,283 shares during the period. Little House Capital LLC’s holdings in TJX Companies were worth $836,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Paradigm Financial Partners LLC lifted its position in shares of TJX Companies by 1.9% during the fourth quarter. Paradigm Financial Partners LLC now owns 17,930 shares of the apparel and home fashions retailer’s stock valued at $1,682,000 after purchasing an additional 335 shares in the last quarter. Stonebrook Private Inc. bought a new position in shares of TJX Companies during the fourth quarter valued at about $1,001,000. Transcend Capital Advisors LLC lifted its position in shares of TJX Companies by 4.2% during the fourth quarter. Transcend Capital Advisors LLC now owns 28,507 shares of the apparel and home fashions retailer’s stock valued at $2,674,000 after purchasing an additional 1,155 shares in the last quarter. Unique Wealth Strategies LLC bought a new position in shares of TJX Companies during the fourth quarter valued at about $697,000. Finally, Provident Trust Co. lifted its position in shares of TJX Companies by 21.1% during the fourth quarter. Provident Trust Co. now owns 1,516,397 shares of the apparel and home fashions retailer’s stock valued at $142,253,000 after purchasing an additional 264,304 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $98.98, for a total value of $1,979,600.00. Following the completion of the transaction, the chief executive officer now owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The transaction was disclosed in a filing with the SEC, which is available through this link. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $51,053,982.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Louise Greenlees sold 2,694 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $4,968,480.59. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on TJX shares. BMO Capital Markets raised their price target 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 lifted their price objective for the stock from $100.00 to $110.00 in a research report on Thursday. UBS Group lifted their price objective on shares of TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $105.00 price objective on shares of TJX Companies in a research report on Wednesday, February 28th. Finally, Redburn Atlantic lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective on the stock. in a research report on Monday, February 5th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and an average price target of $102.65.

TJX Companies Stock Performance

Shares of TJX traded down $0.06 during trading hours on Friday, hitting $96.36. The company’s stock had a trading volume of 3,748,411 shares, compared to its average volume of 4,860,047. The business has a 50 day simple moving average of $97.33 and a two-hundred day simple moving average of $93.90. The company has a market cap of $109.17 billion, a price-to-earnings ratio of 24.96, a PEG ratio of 2.48 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 company has a debt-to-equity ratio of 0.39, a current ratio of 1.21 and a quick ratio of 0.64.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating the consensus estimate of $1.12 by $0.10. The firm had revenue of $16.41 billion during 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% compared to the same quarter last year. During the same period last year, the firm earned $0.89 EPS. On average, equities analysts expect that The TJX Companies, Inc. will post 4.07 earnings per share for the current fiscal year.

TJX Companies announced that its board has initiated a stock repurchase plan 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 stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be issued a $0.375 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $1.50 annualized dividend and a dividend yield of 1.56%. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s dividend payout ratio (DPR) is presently 34.46%.

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.