Paradigm Financial Partners LLC Buys 335 Shares of The TJX Companies, Inc. (NYSE:TJX)

Paradigm Financial Partners LLC raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,930 shares of the apparel and home fashions retailer’s stock after acquiring an additional 335 shares during the quarter. Paradigm Financial Partners LLC’s holdings in TJX Companies were worth $1,682,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in TJX. Anchor Investment Management LLC bought a new stake in TJX Companies during the 4th quarter worth about $28,000. BKM Wealth Management LLC acquired a new position in shares of TJX Companies during the 4th quarter worth about $30,000. Larson Financial Group LLC grew its position in shares of TJX Companies by 76.0% during the 3rd quarter. Larson Financial Group LLC now owns 389 shares of the apparel and home fashions retailer’s stock worth $35,000 after buying an additional 168 shares during the period. BOK Financial Private Wealth Inc. acquired a new position in shares of TJX Companies during the 4th quarter worth about $40,000. Finally, Steward Financial Group LLC grew its position in shares of TJX Companies by 56.5% during the 3rd quarter. Steward Financial Group LLC now owns 493 shares of the apparel and home fashions retailer’s stock worth $43,000 after buying an additional 178 shares during the period. 91.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on TJX. Redburn Atlantic lowered 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. UBS Group lifted 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. BMO Capital Markets lifted 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. Telsey Advisory Group reaffirmed an “outperform” rating and set a $105.00 price target on shares of TJX Companies in a research report on Wednesday, February 28th. Finally, The Goldman Sachs Group raised TJX Companies from a “neutral” rating to a “buy” rating and upped their price target for the company from $100.00 to $110.00 in a research report on Thursday. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.65.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 20,000 shares of the firm’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 value of $1,979,600.00. Following the completion of the transaction, the chief executive officer now owns 515,801 shares in the company, valued at approximately $51,053,982.98. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Louise Greenlees sold 2,694 shares of the firm’s 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction 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 transaction, the chief executive officer now owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

TJX Companies Trading Down 0.1 %

TJX traded down $0.06 on Friday, hitting $96.36. 3,748,411 shares of the company were exchanged, compared to its average volume of 4,860,047. The firm has a fifty day simple moving average of $97.33 and a two-hundred day simple moving average of $93.90. 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 TJX Companies, Inc. has a 12 month low of $75.65 and a 12 month high of $102.84. The stock has a market capitalization of $109.17 billion, a PE ratio of 24.96, a price-to-earnings-growth ratio of 2.48 and a beta of 0.86.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $16.20 billion. During the same period last year, the company earned $0.89 EPS. TJX Companies’s revenue for the quarter was up 13.0% compared to the same quarter last year. Sell-side analysts expect that The TJX Companies, Inc. will post 4.07 earnings per share for the current year.

TJX Companies Increases Dividend

The firm also recently disclosed 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 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 34.46%.

TJX Companies declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 28th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the apparel and home fashions retailer to reacquire up to 2.2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

TJX Companies Company 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.