The TJX Companies, Inc. (NYSE:TJX) Stock Position Lowered by Waycross Partners LLC

Waycross Partners LLC lessened its position in The TJX Companies, Inc. (NYSE:TJX) by 10.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 153,593 shares of the apparel and home fashions retailer’s stock after selling 18,201 shares during the quarter. TJX Companies makes up about 2.7% of Waycross Partners LLC’s holdings, making the stock its 12th biggest holding. Waycross Partners LLC’s holdings in TJX Companies were worth $14,409,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in TJX. Vanguard Group Inc. lifted its position in TJX Companies by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 95,135,688 shares of the apparel and home fashions retailer’s stock worth $8,455,660,000 after buying an additional 392,783 shares in the last quarter. FMR LLC lifted its position in TJX Companies by 13.1% in the 3rd quarter. FMR LLC now owns 52,008,484 shares of the apparel and home fashions retailer’s stock worth $4,622,514,000 after buying an additional 6,036,764 shares in the last quarter. Morgan Stanley lifted its position in TJX Companies by 1.5% in the 3rd quarter. Morgan Stanley now owns 24,752,978 shares of the apparel and home fashions retailer’s stock worth $2,200,045,000 after buying an additional 371,163 shares in the last quarter. Northern Trust Corp lifted its position in TJX Companies by 2.3% in the 3rd quarter. Northern Trust Corp now owns 13,734,141 shares of the apparel and home fashions retailer’s stock worth $1,220,690,000 after buying an additional 313,530 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in TJX Companies by 0.9% in the 3rd quarter. Jennison Associates LLC now owns 9,054,237 shares of the apparel and home fashions retailer’s stock worth $804,741,000 after buying an additional 83,643 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

TJX traded down $0.78 during trading on Tuesday, hitting $94.09. The stock had a trading volume of 5,117,005 shares, compared to its average volume of 5,054,806. The firm has a market cap of $106.60 billion, a PE ratio of 24.38, a P/E/G ratio of 2.48 and a beta of 0.86. The TJX Companies, Inc. has a 12 month low of $75.65 and a 12 month high of $102.84. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 0.39. The company has a 50 day simple moving average of $97.20 and a 200-day simple moving average of $94.02.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.10. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The company had revenue of $16.41 billion for the quarter, compared to the consensus estimate of $16.20 billion. During the same quarter in the previous year, the firm posted $0.89 EPS. The business’s revenue was up 13.0% compared to the same quarter last year. Analysts expect that The TJX Companies, Inc. will post 4.07 EPS for the current year.

TJX Companies announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 28th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the apparel and home fashions retailer to repurchase up to 2.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.375 per share. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.50 annualized dividend and a dividend yield of 1.59%. TJX Companies’s payout ratio is presently 34.46%.

Insider Transactions at TJX Companies

In other news, EVP Louise Greenlees sold 2,694 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the transaction, the executive vice president now owns 50,273 shares in the company, valued at approximately $4,968,480.59. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the sale, the chief executive officer now directly owns 515,801 shares in the company, valued at approximately $51,053,982.98. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction dated Friday, March 1st. The shares were 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 disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TJX. The Goldman Sachs Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and increased their price target for the stock from $100.00 to $110.00 in a research note on Thursday, April 25th. Redburn Atlantic downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target on the stock. in a report on Monday, February 5th. Telsey Advisory Group restated an “outperform” rating and set a $105.00 price target on shares of TJX Companies in a report on Wednesday, February 28th. UBS Group raised their price target on shares of TJX Companies from $95.00 to $104.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Finally, BMO Capital Markets raised their price target on shares of TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and an average price target of $102.65.

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.