Franklin Resources Inc. grew its position in TJX Companies (NYSE:TJX) by 9.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 980,072 shares of the apparel and home fashions retailer’s stock after buying an additional 86,359 shares during the period. Franklin Resources Inc. owned 0.16% of TJX Companies worth $74,937,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of TJX. Harrington Investments INC raised its stake in TJX Companies by 3.0% during the 4th quarter. Harrington Investments INC now owns 21,664 shares of the apparel and home fashions retailer’s stock worth $1,656,000 after acquiring an additional 640 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of TJX Companies by 50.3% in the fourth quarter. Assetmark Inc. now owns 1,983 shares of the apparel and home fashions retailer’s stock valued at $152,000 after acquiring an additional 664 shares in the last quarter. Capital Investment Services of America Inc. boosted its holdings in shares of TJX Companies by 0.4% in the fourth quarter. Capital Investment Services of America Inc. now owns 184,330 shares of the apparel and home fashions retailer’s stock valued at $14,094,000 after acquiring an additional 685 shares in the last quarter. Global X Management Co. LLC boosted its holdings in shares of TJX Companies by 13.3% in the fourth quarter. Global X Management Co. LLC now owns 5,853 shares of the apparel and home fashions retailer’s stock valued at $448,000 after acquiring an additional 689 shares in the last quarter. Finally, Pegasus Partners Ltd. boosted its holdings in shares of TJX Companies by 3.3% in the third quarter. Pegasus Partners Ltd. now owns 22,649 shares of the apparel and home fashions retailer’s stock valued at $1,670,000 after acquiring an additional 733 shares in the last quarter. 90.95% of the stock is owned by institutional investors and hedge funds.
TJX has been the topic of a number of research analyst reports. Wells Fargo downgraded shares of TJX Companies from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $76.00 to $72.00 in a report on Wednesday, January 3rd. Guggenheim reissued a “buy” rating and issued a $86.00 price objective on shares of TJX Companies in a research report on Friday, December 15th. Zacks Investment Research raised shares of TJX Companies from a “hold” rating to a “strong-buy” rating and set a $88.00 price target for the company in a research report on Friday, February 16th. Cowen set a $88.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a research note on Wednesday, December 13th. Finally, Buckingham Research reissued a “buy” rating and set a $95.00 target price (up from $90.00) on shares of TJX Companies in a 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 company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $87.30.
In other TJX Companies news, CEO Ernie Herrman sold 11,000 shares of TJX Companies stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $83.64, for a total transaction of $920,040.00. Following the completion of the transaction, the chief executive officer now directly owns 454,821 shares of the company’s stock, valued at $38,041,228.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Amy B. Lane sold 1,000 shares of TJX Companies stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $82.81, for a total value of $82,810.00. Following the transaction, the director now directly owns 15,998 shares of the company’s stock, valued at $1,324,794.38. The disclosure for this sale can be found here. Insiders have sold 77,855 shares of company stock worth $6,502,443 in the last quarter. Corporate insiders own 0.23% of the company’s stock.
Shares of NYSE:TJX traded down $1.52 during trading on Friday, reaching $83.44. The stock had a trading volume of 2,879,007 shares, compared to its average volume of 3,658,705. The firm has a market cap of $52,759.36, a price-to-earnings ratio of 20.65, a P/E/G ratio of 1.67 and a beta of 0.67. The company has a quick ratio of 0.84, a current ratio of 1.66 and a debt-to-equity ratio of 0.43. TJX Companies has a 52 week low of $66.44 and a 52 week high of $85.21.
TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, February 28th. The apparel and home fashions retailer reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.10. TJX Companies had a net margin of 7.27% and a return on equity of 55.23%. The business had revenue of $10.96 billion for the quarter, compared to the consensus estimate of $10.75 billion. During the same quarter last year, the company posted $1.03 earnings per share. TJX Companies’s quarterly revenue was up 15.8% on a year-over-year basis. research analysts predict that TJX Companies will post 4.83 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 7th. Shareholders of record on Thursday, May 17th will be paid a dividend of $0.39 per share. The ex-dividend date is Wednesday, May 16th. This represents a $1.56 dividend on an annualized basis and a yield of 1.87%. This is an increase from TJX Companies’s previous quarterly dividend of $0.31. TJX Companies’s payout ratio is currently 30.94%.
TJX Companies announced that its Board of Directors has authorized a stock buyback program on Wednesday, February 28th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the apparel and home fashions retailer to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.
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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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