Bailard Inc. Buys 1,377 Shares of The TJX Companies, Inc. (NYSE:TJX)

Bailard Inc. grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 214,222 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,377 shares during the quarter. Bailard Inc.’s holdings in TJX Companies were worth $20,096,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TJX. Anchor Investment Management LLC purchased a new position in shares of TJX Companies in the fourth quarter valued at $28,000. BKM Wealth Management LLC bought a new stake in shares of TJX Companies during the fourth quarter worth $30,000. Larson Financial Group LLC lifted its position in shares of TJX Companies by 76.0% during the third quarter. Larson Financial Group LLC now owns 389 shares of the apparel and home fashions retailer’s stock worth $35,000 after purchasing an additional 168 shares during the last quarter. BOK Financial Private Wealth Inc. bought a new stake in shares of TJX Companies during the fourth quarter worth $40,000. Finally, Steward Financial Group LLC lifted its position in shares of TJX Companies by 56.5% during the third quarter. Steward Financial Group LLC now owns 493 shares of the apparel and home fashions retailer’s stock worth $43,000 after purchasing an additional 178 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

TJX has been the subject of several research analyst reports. Telsey Advisory Group reiterated an “outperform” rating and set a $105.00 target price on shares of TJX Companies in a research report on Wednesday, February 28th. BMO Capital Markets lifted their target price on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Redburn Atlantic downgraded TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 target price for the company. in a research report on Monday, February 5th. Finally, UBS Group lifted their target price on TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and a consensus price target of $102.19.

Insiders Place Their Bets

In other news, EVP Louise Greenlees sold 2,694 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $98.83, for a total transaction of $266,248.02. Following the sale, the executive vice president now owns 50,273 shares in the company, valued at $4,968,480.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Louise Greenlees sold 2,694 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $98.83, for a total transaction of $266,248.02. Following the sale, the executive vice president now owns 50,273 shares in the company, valued at $4,968,480.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 515,801 shares in the company, valued at approximately $51,053,982.98. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Stock Up 0.8 %

TJX Companies stock traded up $0.78 during trading hours on Wednesday, reaching $95.28. The stock had a trading volume of 6,387,370 shares, compared to its average volume of 5,054,453. The company has a market cap of $107.95 billion, a price-to-earnings ratio of 24.68, a PEG ratio of 2.42 and a beta of 0.86. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.21 and a quick ratio of 0.64. The business’s 50 day moving average price is $97.39 and its 200-day moving average price is $93.80. The TJX Companies, Inc. has a 52 week low of $75.65 and a 52 week 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 EPS for the quarter, topping 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 net margin of 8.25% and a return on equity of 64.18%. The firm’s revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 earnings per share. Sell-side analysts anticipate that The TJX Companies, Inc. will post 4.07 EPS for the current year.

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be issued a $0.375 dividend. The ex-dividend date is Wednesday, May 15th. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 dividend on an annualized basis and a yield of 1.57%. TJX Companies’s payout ratio is currently 34.46%.

TJX Companies announced that its Board of Directors has approved a share buyback 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 leadership believes its shares are undervalued.

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.