Field & Main Bank Buys 430 Shares of The TJX Companies, Inc. (NYSE:TJX)

Field & Main Bank increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,835 shares of the apparel and home fashions retailer’s stock after acquiring an additional 430 shares during the quarter. Field & Main Bank’s holdings in TJX Companies were worth $1,579,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of TJX. Van ECK Associates Corp boosted its stake in shares of TJX Companies by 3.4% during the fourth quarter. Van ECK Associates Corp now owns 266,249 shares of the apparel and home fashions retailer’s stock valued at $24,977,000 after purchasing an additional 8,755 shares in the last quarter. Crew Capital Management Ltd. bought a new stake in TJX Companies in the fourth quarter worth approximately $329,000. Intrust Bank NA increased its holdings in TJX Companies by 2.3% in the fourth quarter. Intrust Bank NA now owns 25,229 shares of the apparel and home fashions retailer’s stock worth $2,367,000 after purchasing an additional 565 shares in the last quarter. Marco Investment Management LLC grew its stake in TJX Companies by 6.1% in the fourth quarter. Marco Investment Management LLC now owns 25,630 shares of the apparel and home fashions retailer’s stock valued at $2,404,000 after acquiring an additional 1,472 shares during the period. Finally, Paradigm Financial Partners LLC boosted its position in shares of TJX Companies by 1.9% during the fourth quarter. Paradigm Financial Partners LLC now owns 17,930 shares of the apparel and home fashions retailer’s stock valued at $1,682,000 after buying an additional 335 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the company. UBS Group boosted their target price on TJX Companies from $95.00 to $104.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $105.00 price objective on shares of TJX Companies in a research report on Wednesday, February 28th. BMO Capital Markets increased their target price on TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and increased their target price for the company from $100.00 to $110.00 in a research note on Thursday. Finally, Redburn Atlantic downgraded TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target on the stock. in a research note on Monday, February 5th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $102.65.

TJX Companies Stock Down 1.5 %

TJX Companies stock traded down $1.46 during midday trading on Monday, reaching $94.90. The company’s stock had a trading volume of 4,682,312 shares, compared to its average volume of 5,054,049. The company has a market cap of $107.52 billion, a P/E ratio of 24.59, a P/E/G ratio of 2.48 and a beta of 0.86. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 0.39. The business has a 50-day simple moving average of $97.27 and a 200-day simple moving average of $93.98. The TJX Companies, Inc. has a fifty-two week low of $75.65 and a fifty-two week high of $102.84.

TJX Companies (NYSE:TJX) last issued its quarterly 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. The firm had revenue of $16.41 billion for the quarter, compared to analysts’ expectations of $16.20 billion. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 EPS. On average, research analysts expect that The TJX Companies, Inc. will post 4.07 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.58%. The ex-dividend date is Wednesday, May 15th. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s payout ratio is 34.46%.

TJX Companies announced that its Board of Directors has approved a stock buyback program on Wednesday, February 28th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the apparel and home fashions retailer to buy up to 2.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $98.83, for a total value of $266,248.02. Following the sale, the executive vice president now owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $98.83, for a total value of $266,248.02. Following the sale, the executive vice president now owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction that occurred 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 directly 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 owned by corporate insiders.

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.