DAVENPORT & Co LLC Increases Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

DAVENPORT & Co LLC increased its holdings in The TJX Companies, Inc. (NYSE:TJXFree Report) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 891,317 shares of the apparel and home fashions retailer’s stock after acquiring an additional 1,905 shares during the quarter. DAVENPORT & Co LLC owned about 0.08% of TJX Companies worth $83,364,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Anchor Investment Management LLC bought a new stake in shares of TJX Companies during the 4th quarter valued at $28,000. Householder Group Estate & Retirement Specialist LLC purchased a new stake in TJX Companies in the third quarter worth about $29,000. BKM Wealth Management LLC purchased a new stake in TJX Companies in the fourth quarter worth about $30,000. ICA Group Wealth Management LLC bought a new position in shares of TJX Companies during the fourth quarter valued at approximately $27,000. Finally, Cornerstone Planning Group LLC bought a new position in shares of TJX Companies during the second quarter valued at approximately $33,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

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

View Our Latest Report on TJX Companies

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the 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 transaction, the chief executive officer now directly owns 515,801 shares in the company, valued at $51,053,982.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Louise Greenlees sold 2,694 shares of the firm’s stock in a transaction on 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 directly owns 50,273 shares in the company, valued at approximately $4,968,480.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction on 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 owns 515,801 shares in the company, valued at $51,053,982.98. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

TJX stock traded down $0.24 on Tuesday, hitting $99.46. The company had a trading volume of 4,350,073 shares, compared to its average volume of 5,029,884. 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 stock’s 50-day simple moving average is $97.95 and its 200 day simple moving average is $93.11. The stock has a market cap of $112.75 billion, a price-to-earnings ratio of 25.58, a P/E/G ratio of 2.61 and a beta of 0.86.

TJX Companies (NYSE:TJXGet Free Report) last issued its earnings results 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 analysts’ expectations of $16.20 billion. During the same quarter last year, the company posted $0.89 earnings per share. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. As a group, equities research analysts expect that The TJX Companies, Inc. will post 4.06 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently declared 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. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 annualized dividend and a yield of 1.51%. TJX Companies’s dividend payout ratio (DPR) is presently 34.46%.

TJX Companies announced that its Board of Directors has approved a stock buyback plan 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 repurchase up to 2.2% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

About TJX Companies

(Free Report)

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.

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

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