Front Row Advisors LLC Sells 266 Shares of TJX Companies Inc (NYSE:TJX)

Front Row Advisors LLC lowered its position in shares of TJX Companies Inc (NYSE:TJX) by 0.7% during the first quarter, Holdings Channel reports. The fund owned 36,811 shares of the apparel and home fashions retailer’s stock after selling 266 shares during the quarter. TJX Companies comprises about 1.5% of Front Row Advisors LLC’s portfolio, making the stock its 9th largest holding. Front Row Advisors LLC’s holdings in TJX Companies were worth $1,959,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc boosted its holdings in shares of TJX Companies by 1.2% during the third quarter. Vanguard Group Inc now owns 49,232,312 shares of the apparel and home fashions retailer’s stock valued at $5,515,004,000 after acquiring an additional 593,647 shares during the period. Advisors Asset Management Inc. raised its stake in shares of TJX Companies by 152.2% during the fourth quarter. Advisors Asset Management Inc. now owns 115,104 shares of the apparel and home fashions retailer’s stock valued at $5,150,000 after purchasing an additional 69,455 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of TJX Companies by 125.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 182,891 shares of the apparel and home fashions retailer’s stock valued at $8,183,000 after purchasing an additional 101,835 shares in the last quarter. Montag & Caldwell LLC raised its stake in shares of TJX Companies by 100.0% during the fourth quarter. Montag & Caldwell LLC now owns 19,200 shares of the apparel and home fashions retailer’s stock valued at $859,000 after purchasing an additional 9,600 shares in the last quarter. Finally, Chartwell Investment Partners LLC raised its stake in shares of TJX Companies by 116.0% during the fourth quarter. Chartwell Investment Partners LLC now owns 91,476 shares of the apparel and home fashions retailer’s stock valued at $4,093,000 after purchasing an additional 49,122 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

Shares of TJX Companies stock opened at $53.34 on Monday. The company has a current ratio of 1.23, a quick ratio of 0.46 and a debt-to-equity ratio of 1.92. TJX Companies Inc has a 52 week low of $41.49 and a 52 week high of $56.64. The stock has a market capitalization of $64.68 billion, a price-to-earnings ratio of 25.28, a price-to-earnings-growth ratio of 1.86 and a beta of 0.72.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Tuesday, May 21st. The apparel and home fashions retailer reported $0.57 EPS for the quarter, topping the consensus estimate of $0.55 by $0.02. TJX Companies had a net margin of 7.69% and a return on equity of 57.47%. The firm had revenue of $9.28 billion for the quarter, compared to analysts’ expectations of $9.21 billion. During the same period in the previous year, the business earned $1.13 earnings per share. TJX Companies’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, analysts predict that TJX Companies Inc will post 2.62 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.72%. The ex-dividend date is Wednesday, August 14th. TJX Companies’s dividend payout ratio (DPR) is presently 43.60%.

TJX Companies announced that its board has initiated a stock buyback program on Wednesday, February 27th that authorizes the company to buyback $2.25 billion in outstanding shares. This buyback authorization authorizes the apparel and home fashions retailer to buy up to 3.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

A number of brokerages recently weighed in on TJX. Cowen set a $63.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a research note on Tuesday, June 4th. Zacks Investment Research upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Friday, May 24th. MKM Partners lifted their price objective on shares of TJX Companies to $62.00 in a research note on Thursday, May 23rd. Credit Suisse Group lifted their price objective on shares of TJX Companies from $55.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, May 22nd. Finally, Nomura lifted their price objective on shares of TJX Companies from $55.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the stock. TJX Companies currently has an average rating of “Buy” and an average target price of $56.46.

In other TJX Companies news, Director Amy B. Lane sold 1,625 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $54.00, for a total transaction of $87,750.00. Following the sale, the director now owns 27,842 shares in the company, valued at approximately $1,503,468. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Richard Sherr sold 1,480 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $51.35, for a total value of $75,998.00. Following the sale, the executive vice president now owns 117,228 shares in the company, valued at approximately $6,019,657.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 129,978 shares of company stock worth $7,001,230. 0.18% of the stock is owned by company insiders.

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About TJX Companies

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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