Wrapmanager Inc. Acquires 467 Shares of The TJX Companies, Inc. (NYSE:TJX)

Wrapmanager Inc. boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 12.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,179 shares of the apparel and home fashions retailer’s stock after acquiring an additional 467 shares during the quarter. Wrapmanager Inc.’s holdings in TJX Companies were worth $392,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of TJX Companies by 0.4% during the third quarter. Vanguard Group Inc. now owns 95,135,688 shares of the apparel and home fashions retailer’s stock valued at $8,455,660,000 after buying an additional 392,783 shares during the last quarter. FMR LLC boosted its stake in TJX Companies by 13.1% in the third quarter. FMR LLC now owns 52,008,484 shares of the apparel and home fashions retailer’s stock valued at $4,622,514,000 after acquiring an additional 6,036,764 shares in the last quarter. Morgan Stanley boosted its stake in TJX Companies by 1.5% in the third quarter. Morgan Stanley now owns 24,752,978 shares of the apparel and home fashions retailer’s stock valued at $2,200,045,000 after acquiring an additional 371,163 shares in the last quarter. Northern Trust Corp grew its holdings in TJX Companies by 2.3% in the third quarter. Northern Trust Corp now owns 13,734,141 shares of the apparel and home fashions retailer’s stock worth $1,220,690,000 after purchasing an additional 313,530 shares during the last quarter. Finally, Jennison Associates LLC increased its position in shares of TJX Companies by 0.9% during the third quarter. Jennison Associates LLC now owns 9,054,237 shares of the apparel and home fashions retailer’s stock worth $804,741,000 after purchasing an additional 83,643 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of TJX Companies stock traded up $0.45 on Thursday, hitting $98.95. The company’s stock had a trading volume of 6,000,557 shares, compared to its average volume of 5,110,173. The company has a market capitalization of $112.11 billion, a price-to-earnings ratio of 25.62, a price-to-earnings-growth ratio of 2.49 and a beta of 0.87. The firm has a fifty day moving average price of $96.80 and a 200-day moving average price of $94.26. 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 1 year low of $75.65 and a 1 year high of $102.84.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.10. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The business had revenue of $16.41 billion for the quarter, compared to analyst estimates of $16.20 billion. During the same quarter last year, the business earned $0.89 earnings per share. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.1 earnings per share for the current fiscal year.

TJX Companies declared that its Board of Directors has approved a share buyback program 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 purchase up to 2.2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board 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. Stockholders of record on Thursday, May 16th will be paid a $0.375 dividend. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Wednesday, May 15th. TJX Companies’s dividend payout ratio (DPR) is currently 34.46%.

Insider Buying and Selling

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 shares were 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 owns 515,801 shares in the company, valued at approximately $51,053,982.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the business’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 owns 50,273 shares in the company, valued at $4,968,480.59. The transaction 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 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 completion of the sale, 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. 0.13% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TJX has been the topic of several research analyst reports. BMO Capital Markets boosted their target price on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. Redburn Atlantic downgraded 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 note on Monday, February 5th. The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $100.00 to $110.00 in a research note on Thursday, April 25th. Telsey Advisory Group restated an “outperform” rating and set a $105.00 price objective on shares of TJX Companies in a research note on Wednesday, February 28th. Finally, UBS Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $104.00 to $132.00 in a research note on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $104.29.

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.