Forte Capital LLC ADV Has $17.21 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Forte Capital LLC ADV trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,468 shares of the apparel and home fashions retailer’s stock after selling 674 shares during the period. TJX Companies accounts for approximately 2.4% of Forte Capital LLC ADV’s holdings, making the stock its 11th largest holding. Forte Capital LLC ADV’s holdings in TJX Companies were worth $17,211,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vestmark Advisory Solutions Inc. increased its position in TJX Companies by 323.9% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 33,813 shares of the apparel and home fashions retailer’s stock valued at $3,172,000 after acquiring an additional 25,837 shares in the last quarter. AJOVista LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at approximately $120,000. Provence Wealth Management Group raised its position in TJX Companies by 6.8% in the 4th quarter. Provence Wealth Management Group now owns 4,088 shares of the apparel and home fashions retailer’s stock worth $383,000 after purchasing an additional 260 shares during the last quarter. Blue Fin Capital Inc. lifted its holdings in TJX Companies by 2.4% during the 4th quarter. Blue Fin Capital Inc. now owns 23,924 shares of the apparel and home fashions retailer’s stock worth $2,244,000 after buying an additional 554 shares in the last quarter. Finally, Legacy Financial Advisors Inc. boosted its position in TJX Companies by 4.9% in the 4th quarter. Legacy Financial Advisors Inc. now owns 7,430 shares of the apparel and home fashions retailer’s stock valued at $697,000 after buying an additional 349 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction 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 completion of the transaction, 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 document filed with the SEC, which is available at the SEC website. In related news, CEO Ernie Herrman sold 20,000 shares of TJX Companies 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 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Louise Greenlees sold 2,694 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 50,273 shares in the company, valued at $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TJX shares. The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $100.00 to $110.00 in a research report on Thursday, April 25th. Redburn Atlantic cut shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target for the company. in a research report on Monday, February 5th. UBS Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $104.00 to $132.00 in a research note on Thursday. BMO Capital Markets raised their price objective on shares of TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $105.00 target price on shares of TJX Companies in a research report on Wednesday, February 28th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.29.

TJX Companies Stock Up 0.2 %

TJX traded up $0.20 on Friday, hitting $95.11. 5,894,076 shares of the company were exchanged, compared to its average volume of 5,182,456. 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 fifty day moving average is $96.94 and its 200-day moving average is $94.06. The company has a market cap of $107.76 billion, a PE ratio of 24.64, a PEG ratio of 2.45 and a beta of 0.87. The TJX Companies, Inc. has a 12 month low of $75.65 and a 12 month 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. The company had revenue of $16.41 billion for 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 business’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.89 EPS. Equities research analysts predict that The TJX Companies, Inc. will post 4.07 EPS for the current fiscal year.

TJX Companies declared that its Board of Directors has initiated a share buyback program on Wednesday, February 28th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the apparel and home fashions retailer to buy up to 2.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

TJX Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.58%. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, May 15th. 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.