Fiducient Advisors LLC Sells 361 Shares of The TJX Companies, Inc. (NYSE:TJX)

Fiducient Advisors LLC decreased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 7.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 4,214 shares of the apparel and home fashions retailer’s stock after selling 361 shares during the quarter. Fiducient Advisors LLC’s holdings in TJX Companies were worth $395,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Beck Bode LLC boosted its position in shares of TJX Companies by 4.0% during the 4th quarter. Beck Bode LLC now owns 27,029 shares of the apparel and home fashions retailer’s stock valued at $2,536,000 after acquiring an additional 1,031 shares in the last quarter. Hartford Funds Management Co LLC boosted its position in shares of TJX Companies by 21.0% during the 4th quarter. Hartford Funds Management Co LLC now owns 15,741 shares of the apparel and home fashions retailer’s stock valued at $1,477,000 after acquiring an additional 2,736 shares in the last quarter. Savant Capital LLC boosted its position in shares of TJX Companies by 24.0% during the 4th quarter. Savant Capital LLC now owns 27,277 shares of the apparel and home fashions retailer’s stock valued at $2,559,000 after acquiring an additional 5,275 shares in the last quarter. Alpha Cubed Investments LLC acquired a new position in TJX Companies in the fourth quarter valued at about $217,000. Finally, MONECO Advisors LLC boosted its position in TJX Companies by 7.4% in the fourth quarter. MONECO Advisors LLC now owns 3,578 shares of the apparel and home fashions retailer’s stock valued at $336,000 after buying an additional 248 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Performance

TJX stock traded down $0.78 during trading hours on Tuesday, reaching $94.09. The stock had a trading volume of 5,117,005 shares, compared to its average volume of 5,054,806. The stock has a market capitalization of $106.60 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 2.48 and a beta of 0.86. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.21 and a quick ratio of 0.64. The stock has a 50-day simple moving average of $97.20 and a 200 day simple moving average of $94.02. 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 announced its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating analysts’ consensus estimates 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 company’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.89 earnings per share. Analysts predict that The TJX Companies, Inc. will post 4.07 EPS for the current fiscal year.

TJX Companies declared that its board has approved a stock repurchase plan on Wednesday, February 28th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the apparel and home fashions retailer to purchase up to 2.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership 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 given a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 annualized dividend and a dividend yield of 1.59%. TJX Companies’s dividend payout ratio is presently 34.46%.

Insider Activity

In other news, CEO Ernie Herrman sold 20,000 shares of the 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 transaction, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The sale was disclosed in a legal 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 the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $98.83, for a total value of $266,248.02. Following the transaction, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ernie Herrman sold 20,000 shares of the firm’s 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 completion of the transaction, the chief executive officer now directly 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.

Analyst Upgrades and Downgrades

TJX has been the topic of a number of recent analyst reports. Telsey Advisory Group restated an “outperform” rating and issued a $105.00 price target on shares of TJX Companies in a research report on Wednesday, February 28th. The Goldman Sachs Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and upped their target price for the stock from $100.00 to $110.00 in a research report on Thursday, April 25th. BMO Capital Markets boosted their price target on shares of TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. Redburn Atlantic downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target for the company. in a research note on Monday, February 5th. Finally, UBS Group boosted their price target on shares of TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.