Raymond James & Associates lifted its holdings in TJX Companies (NYSE:TJX) by 12.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 429,611 shares of the apparel and home fashions retailer’s stock after purchasing an additional 46,447 shares during the quarter. Raymond James & Associates owned about 0.07% of TJX Companies worth $32,849,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Empire Life Investments Inc. boosted its position in TJX Companies by 207.6% during the 4th quarter. Empire Life Investments Inc. now owns 535,893 shares of the apparel and home fashions retailer’s stock worth $40,974,000 after acquiring an additional 361,648 shares during the last quarter. Premia Global Advisors LLC acquired a new position in TJX Companies during the 4th quarter worth approximately $160,000. Robecosam AG boosted its position in TJX Companies by 19.3% during the 4th quarter. Robecosam AG now owns 11,031 shares of the apparel and home fashions retailer’s stock worth $843,000 after acquiring an additional 1,786 shares during the last quarter. Ellington Management Group LLC boosted its position in TJX Companies by 168.1% during the 4th quarter. Ellington Management Group LLC now owns 44,500 shares of the apparel and home fashions retailer’s stock worth $3,402,000 after acquiring an additional 27,900 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in TJX Companies by 1.9% during the 4th quarter. Jones Financial Companies Lllp now owns 104,901 shares of the apparel and home fashions retailer’s stock worth $8,020,000 after acquiring an additional 1,957 shares during the last quarter. Institutional investors and hedge funds own 90.95% of the company’s stock.
TJX traded down $1.52 during trading hours on Friday, reaching $83.44. The company’s stock had a trading volume of 2,879,007 shares, compared to its average volume of 3,658,705. TJX Companies has a 52 week low of $66.44 and a 52 week high of $85.21. The company has a current ratio of 1.66, a quick ratio of 0.84 and a debt-to-equity ratio of 0.43. The stock has a market cap of $53,720.43, a PE ratio of 20.65, a price-to-earnings-growth ratio of 1.70 and a beta of 0.67.
TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.10. TJX Companies had a return on equity of 55.23% and a net margin of 7.27%. The business had revenue of $10.96 billion for the quarter, compared to analysts’ expectations of $10.75 billion. During the same quarter in the prior year, the business earned $1.03 EPS. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. equities analysts forecast that TJX Companies will post 4.83 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 7th. Investors of record on Thursday, May 17th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Wednesday, May 16th. This is a boost from TJX Companies’s previous quarterly dividend of $0.31. TJX Companies’s dividend payout ratio is 30.94%.
TJX Companies declared that its board has authorized a stock repurchase program on Wednesday, February 28th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the apparel and home fashions retailer to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
A number of equities analysts have weighed in on the company. Cowen set a $92.00 price target on TJX Companies and gave the stock a “buy” rating in a research report on Thursday, March 1st. Loop Capital assumed coverage on TJX Companies in a research report on Thursday, March 8th. They set a “hold” rating and a $84.00 price target for the company. Deutsche Bank upped their price target on TJX Companies from $86.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, March 1st. BMO Capital Markets set a $94.00 price target on TJX Companies and gave the stock a “buy” rating in a research report on Thursday, March 1st. Finally, SunTrust Banks set a $98.00 price target on TJX Companies and gave the stock a “buy” rating in a research report on Thursday, March 1st. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. TJX Companies currently has an average rating of “Buy” and a consensus price target of $87.30.
In related news, Director Amy B. Lane sold 1,000 shares of the stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $82.81, for a total value of $82,810.00. Following the sale, the director now owns 15,998 shares in the company, valued at approximately $1,324,794.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ernie Herrman sold 11,000 shares of the stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $83.64, for a total value of $920,040.00. Following the completion of the sale, the chief executive officer now owns 454,821 shares in the company, valued at approximately $38,041,228.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 77,855 shares of company stock worth $6,502,443. 0.23% of the stock is owned by company insiders.
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TJX Companies Company Profile
The TJX Companies, Inc operates as an off-price apparel and home fashions retailer in the United States and internationally. 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, accent furniture, lamps, rugs, wall décor, decorative accessories, and giftware; seasonal items; jewelry; and other merchandise.
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