Beck Bode LLC Increases Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Beck Bode LLC boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,029 shares of the apparel and home fashions retailer’s stock after buying an additional 1,031 shares during the period. Beck Bode LLC’s holdings in TJX Companies were worth $2,536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Linden Thomas Advisory Services LLC acquired a new position in shares of TJX Companies in the 3rd quarter valued at $235,000. Commonwealth Equity Services LLC increased its holdings in shares of TJX Companies by 0.4% in the third quarter. Commonwealth Equity Services LLC now owns 279,593 shares of the apparel and home fashions retailer’s stock valued at $24,850,000 after purchasing an additional 1,187 shares during the last quarter. Suncoast Equity Management lifted its stake in shares of TJX Companies by 71.8% in the 3rd quarter. Suncoast Equity Management now owns 24,215 shares of the apparel and home fashions retailer’s stock valued at $2,152,000 after purchasing an additional 10,120 shares during the last quarter. Toews Corp ADV purchased a new stake in shares of TJX Companies in the 3rd quarter valued at approximately $773,000. Finally, Accurate Wealth Management LLC lifted its stake in TJX Companies by 4.9% during the third quarter. Accurate Wealth Management LLC now owns 29,763 shares of the apparel and home fashions retailer’s stock worth $2,697,000 after purchasing an additional 1,403 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TJX has been the subject of several research reports. BMO Capital Markets boosted their price target on shares of TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. UBS Group raised their price objective on TJX Companies from $95.00 to $104.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Telsey Advisory Group reissued an “outperform” rating and issued a $105.00 price target on shares of TJX Companies in a report on Wednesday, February 28th. Redburn Atlantic lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective for the company. in a research report on Monday, February 5th. Finally, The Goldman Sachs Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and raised their target price for the stock from $100.00 to $110.00 in a research report on Thursday, April 25th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and an average target price of $102.65.

TJX Companies Stock Down 0.8 %

Shares of NYSE TJX traded down $0.78 during mid-day trading on Tuesday, reaching $94.09. The company had a trading volume of 5,117,005 shares, compared to its average volume of 5,054,806. The stock has a market capitalization of $106.60 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 2.48 and a beta of 0.86. The TJX Companies, Inc. has a twelve month low of $75.65 and a twelve month high of $102.84. 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’s 50 day moving average is $97.20 and its 200-day moving average is $94.02.

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 business had revenue of $16.41 billion during the quarter, compared to analysts’ expectations of $16.20 billion. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.89 EPS. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 4.07 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be paid a $0.375 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.59%. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s payout ratio is 34.46%.

TJX Companies announced that its Board of Directors has approved a stock buyback plan on Wednesday, February 28th that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the apparel and home fashions retailer to purchase up to 2.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at TJX Companies

In related 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 transaction 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 $51,053,982.98. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Ernie Herrman sold 20,000 shares of the 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 completion of the transaction, the chief executive officer now directly owns 515,801 shares in the company, valued at $51,053,982.98. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 value 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 disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

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.