The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. lifted its position in The TJX Companies, Inc. (NYSE:TJX) by 323.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,813 shares of the apparel and home fashions retailer’s stock after acquiring an additional 25,837 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in TJX Companies were worth $3,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Anchor Investment Management LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at approximately $28,000. BKM Wealth Management LLC acquired a new stake in shares of TJX Companies in the 4th quarter worth $30,000. Larson Financial Group LLC raised its holdings in shares of TJX Companies by 76.0% during the 3rd quarter. Larson Financial Group LLC now owns 389 shares of the apparel and home fashions retailer’s stock worth $35,000 after acquiring an additional 168 shares during the period. BOK Financial Private Wealth Inc. acquired a new position in shares of TJX Companies during the 4th quarter valued at about $40,000. Finally, Gradient Investments LLC grew its holdings in shares of TJX Companies by 86.7% in the fourth quarter. Gradient Investments LLC now owns 478 shares of the apparel and home fashions retailer’s stock valued at $45,000 after purchasing an additional 222 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Up 0.2 %

TJX Companies stock traded up $0.20 during trading on Friday, reaching $95.11. The stock had a trading volume of 5,894,076 shares, compared to its average volume of 5,182,456. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 0.39. The TJX Companies, Inc. has a 52-week low of $75.65 and a 52-week high of $102.84. The stock has a market cap of $107.76 billion, a PE ratio of 24.64, a P/E/G ratio of 2.44 and a beta of 0.87. The business has a 50 day moving average price of $96.94 and a 200 day moving average price of $94.06.

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, 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 firm had revenue of $16.41 billion for the quarter, compared to analyst estimates of $16.20 billion. During the same period last year, the business earned $0.89 EPS. TJX Companies’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, analysts predict that The TJX Companies, Inc. will post 4.07 EPS for the current year.

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

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Investors 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. The ex-dividend date is Wednesday, May 15th. This represents a $1.50 annualized dividend and a yield of 1.58%. TJX Companies’s dividend payout ratio is 34.46%.

Insider Buying and Selling

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 completion of the sale, 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 filing with the Securities & Exchange Commission, which is available through this link. In other 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 transaction, the chief executive officer now owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Louise Greenlees sold 2,694 shares of the 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 sale, 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 company insiders.

Analyst Ratings Changes

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

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.