The TJX Companies, Inc. (NYSE:TJX) Shares Bought by Colton Groome Financial Advisors LLC

Colton Groome Financial Advisors LLC boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 33.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,941 shares of the apparel and home fashions retailer’s stock after acquiring an additional 3,506 shares during the quarter. Colton Groome Financial Advisors LLC’s holdings in TJX Companies were worth $1,308,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC boosted its position in shares of TJX Companies by 58.8% during the fourth quarter. Fidelis Capital Partners LLC now owns 14,104 shares of the apparel and home fashions retailer’s stock worth $1,323,000 after buying an additional 5,224 shares during the period. Xponance Inc. boosted its position in shares of TJX Companies by 1.1% during the fourth quarter. Xponance Inc. now owns 266,331 shares of the apparel and home fashions retailer’s stock worth $24,985,000 after buying an additional 2,996 shares during the period. AIA Group Ltd boosted its position in shares of TJX Companies by 33.2% during the fourth quarter. AIA Group Ltd now owns 49,200 shares of the apparel and home fashions retailer’s stock worth $4,615,000 after buying an additional 12,276 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of TJX Companies by 76.4% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,696 shares of the apparel and home fashions retailer’s stock worth $253,000 after buying an additional 1,168 shares during the period. Finally, Tandem Investment Advisors Inc. boosted its position in shares of TJX Companies by 1.8% during the fourth quarter. Tandem Investment Advisors Inc. now owns 5,846 shares of the apparel and home fashions retailer’s stock worth $548,000 after buying an additional 106 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on TJX shares. UBS Group raised their price target on TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Redburn Atlantic lowered TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 target price for the company. in a report on Monday, February 5th. Telsey Advisory Group reiterated an “outperform” rating and issued a $105.00 target price on shares of TJX Companies in a report on Wednesday, February 28th. Finally, BMO Capital Markets lifted their target price on 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 thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and an average price target of $102.19.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction dated Thursday, March 21st. The stock was 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related 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 value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ernie Herrman sold 20,000 shares of the business’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 completion of the transaction, 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. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Down 0.5 %

NYSE TJX traded down $0.47 during trading on Thursday, reaching $92.66. 3,290,673 shares of the company’s stock were exchanged, compared to its average volume of 5,024,710. The stock has a market cap of $104.98 billion, a P/E ratio of 24.12, a price-to-earnings-growth ratio of 2.40 and a beta of 0.86. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.64 and a current ratio of 1.21. The company has a 50 day moving average price of $97.80 and a two-hundred day moving average price of $93.59. The TJX Companies, Inc. has a 1 year low of $75.65 and a 1 year high of $102.84.

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

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.375 per share. 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 1.62%. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s payout ratio is 38.86%.

TJX Companies declared that its Board of Directors has initiated a stock buyback plan on Wednesday, February 28th that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the apparel and home fashions retailer to buy up to 2.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

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.