The TJX Companies, Inc. (NYSE:TJX) Shares Bought by Apollon Wealth Management LLC

Apollon Wealth Management LLC lifted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 33.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,818 shares of the apparel and home fashions retailer’s stock after purchasing an additional 8,166 shares during the period. Apollon Wealth Management LLC’s holdings in TJX Companies were worth $3,079,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Anchor Investment Management LLC acquired a new position in shares of TJX Companies in the 4th quarter worth $28,000. BKM Wealth Management LLC purchased a new stake in TJX Companies during the fourth quarter valued at about $30,000. Larson Financial Group LLC boosted its holdings in shares of TJX Companies by 76.0% in the third quarter. Larson Financial Group LLC now owns 389 shares of the apparel and home fashions retailer’s stock worth $35,000 after buying an additional 168 shares during the period. BOK Financial Private Wealth Inc. purchased a new position in shares of TJX Companies in the fourth quarter worth approximately $40,000. Finally, Gradient Investments LLC raised its holdings in shares of TJX Companies by 86.7% during the fourth quarter. Gradient Investments LLC now owns 478 shares of the apparel and home fashions retailer’s stock valued at $45,000 after acquiring an additional 222 shares during the period. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Performance

TJX traded up $0.45 during midday trading on Tuesday, reaching $97.90. The company’s stock had a trading volume of 4,749,316 shares, compared to its average volume of 5,091,767. The TJX Companies, Inc. has a twelve month low of $75.65 and a twelve month high of $102.84. The stock has a market cap of $110.92 billion, a P/E ratio of 25.24, a PEG ratio of 2.45 and a beta of 0.87. The company has a fifty day simple moving average of $96.91 and a 200 day simple moving average of $94.16. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 0.39.

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

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be given a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.53%. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s dividend payout ratio (DPR) is currently 34.46%.

TJX Companies announced that its Board of Directors has approved a share repurchase program on Wednesday, February 28th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the apparel and home fashions retailer to reacquire up to 2.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TJX shares. Telsey Advisory Group restated an “outperform” rating and issued a $105.00 target price on shares of TJX Companies in a report on Wednesday, February 28th. Redburn Atlantic cut TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 target price on the stock. in a research note on Monday, February 5th. BMO Capital Markets increased their price target on shares of TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. The Goldman Sachs Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and upped their price objective for the company from $100.00 to $110.00 in a research note on Thursday, April 25th. Finally, UBS Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and boosted their price target for the company from $104.00 to $132.00 in a report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $104.29.

Insider Transactions at TJX Companies

In related news, EVP Louise Greenlees sold 2,694 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 transaction, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

About TJX Companies

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.