The TJX Companies, Inc. (NYSE:TJX) Holdings Raised by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,512 shares of the apparel and home fashions retailer’s stock after purchasing an additional 175 shares during the quarter. Confluence Wealth Services Inc.’s holdings in TJX Companies were worth $660,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of TJX. Norges Bank bought a new stake in shares of TJX Companies during the fourth quarter valued at about $1,193,438,000. FMR LLC raised its position in TJX Companies by 13.1% in the third quarter. FMR LLC now owns 52,008,484 shares of the apparel and home fashions retailer’s stock worth $4,622,514,000 after acquiring an additional 6,036,764 shares in the last quarter. Schroder Investment Management Group raised its position in TJX Companies by 350.9% in the third quarter. Schroder Investment Management Group now owns 2,078,244 shares of the apparel and home fashions retailer’s stock worth $184,714,000 after acquiring an additional 1,617,367 shares in the last quarter. Assenagon Asset Management S.A. raised its position in TJX Companies by 225.6% in the third quarter. Assenagon Asset Management S.A. now owns 2,137,256 shares of the apparel and home fashions retailer’s stock worth $189,959,000 after acquiring an additional 1,480,837 shares in the last quarter. Finally, TD Asset Management Inc raised its position in TJX Companies by 93.2% in the third quarter. TD Asset Management Inc now owns 2,949,415 shares of the apparel and home fashions retailer’s stock worth $262,144,000 after acquiring an additional 1,423,004 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $98.98, for a total value of $1,979,600.00. Following the completion of the sale, the chief executive officer now directly owns 515,801 shares in the company, valued at approximately $51,053,982.98. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $98.98, for a total value of $1,979,600.00. Following the completion of the sale, the chief executive officer now directly owns 515,801 shares in the company, valued at approximately $51,053,982.98. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Louise Greenlees sold 2,694 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now 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 currently owned by company insiders.

TJX Companies Stock Down 0.8 %

NYSE:TJX traded down $0.78 on Tuesday, hitting $94.09. 5,117,005 shares of the company’s stock traded hands, compared to its average volume of 5,054,806. 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 TJX Companies, Inc. has a 1 year low of $75.65 and a 1 year high of $102.84. The firm has a 50-day moving average price of $97.20 and a 200-day moving average price of $94.02. The company has a market cap 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.

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

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

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be paid a $0.375 dividend. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. The ex-dividend date 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%.

Analyst Upgrades and Downgrades

TJX has been the topic of several research reports. The Goldman Sachs Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $100.00 to $110.00 in a research report on Thursday, April 25th. 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 report on Friday, March 1st. 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 report on Thursday, February 29th. Redburn Atlantic cut shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target on the stock. in a research report on Monday, February 5th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $105.00 price objective on shares of TJX Companies in a report on Wednesday, February 28th. 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 company presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.65.

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.