Everpar Advisors LLC Invests $810,000 in The TJX Companies, Inc. (NYSE:TJX)

Everpar Advisors LLC bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,633 shares of the apparel and home fashions retailer’s stock, valued at approximately $810,000.

Several other large investors have also bought and sold shares of the stock. Tandem Investment Advisors Inc. raised its position in TJX Companies by 1.8% during the 4th quarter. Tandem Investment Advisors Inc. now owns 5,846 shares of the apparel and home fashions retailer’s stock worth $548,000 after purchasing an additional 106 shares during the last quarter. Alhambra Investment Management LLC grew its holdings in TJX Companies by 2.0% during the 4th quarter. Alhambra Investment Management LLC now owns 5,433 shares of the apparel and home fashions retailer’s stock worth $510,000 after acquiring an additional 108 shares during the period. J.Safra Asset Management Corp grew its holdings in TJX Companies by 9.9% during the 4th quarter. J.Safra Asset Management Corp now owns 1,196 shares of the apparel and home fashions retailer’s stock worth $112,000 after acquiring an additional 108 shares during the period. BSW Wealth Partners grew its holdings in TJX Companies by 2.0% during the 4th quarter. BSW Wealth Partners now owns 5,623 shares of the apparel and home fashions retailer’s stock worth $528,000 after acquiring an additional 109 shares during the period. Finally, Insight Advisors LLC PA grew its holdings in TJX Companies by 3.1% during the 4th quarter. Insight Advisors LLC PA now owns 3,757 shares of the apparel and home fashions retailer’s stock worth $352,000 after acquiring an additional 112 shares during the period. 91.09% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 20,000 shares of the company’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 directly owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $98.83, for a total value of $266,248.02. Following the sale, the executive vice president now owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction dated 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 disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on TJX shares. UBS Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and increased their price target for the stock from $104.00 to $132.00 in a report on Thursday, May 2nd. Redburn Atlantic downgraded TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target for the company. in a report on Monday, February 5th. Telsey Advisory Group reiterated an “outperform” rating and set a $105.00 price target on shares of TJX Companies in a report on Wednesday, February 28th. The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and increased their price target for the stock from $100.00 to $110.00 in a report on Thursday, April 25th. Finally, BMO Capital Markets raised their target price on TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.29.

TJX Companies Stock Up 0.5 %

TJX stock traded up $0.45 during mid-day trading on Tuesday, reaching $97.90. 4,749,316 shares of the company traded hands, compared to its average volume of 5,091,767. The stock has a market cap of $110.92 billion, a price-to-earnings ratio of 25.36, a P/E/G ratio of 2.45 and a beta of 0.87. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 0.39. The TJX Companies, Inc. has a fifty-two week low of $75.65 and a fifty-two week high of $102.84. The firm’s 50 day moving average price is $96.86 and its 200 day moving average price is $94.23.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.10. The business had revenue of $16.41 billion during the quarter, compared to the consensus estimate of $16.20 billion. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 EPS. As a group, 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 has approved a stock repurchase plan on Wednesday, February 28th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the apparel and home fashions retailer to buy up to 2.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are undervalued.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be paid a $0.375 dividend. This is a positive change from TJX Companies’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, May 15th. This represents a $1.50 annualized dividend and a yield of 1.53%. TJX Companies’s dividend payout ratio (DPR) is 34.46%.

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.