The TJX Companies, Inc. (NYSE:TJX) Shares Sold by NTV Asset Management LLC

NTV Asset Management LLC reduced its holdings in The TJX Companies, Inc. (NYSE:TJX) by 19.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,740 shares of the apparel and home fashions retailer’s stock after selling 666 shares during the quarter. NTV Asset Management LLC’s holdings in TJX Companies were worth $257,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Connecticut Wealth Management LLC boosted its position in shares of TJX Companies by 5.6% during the fourth quarter. Connecticut Wealth Management LLC now owns 18,017 shares of the apparel and home fashions retailer’s stock worth $1,690,000 after buying an additional 956 shares during the period. TCG Advisory Services LLC acquired a new position in TJX Companies during the 4th quarter worth $317,000. Vestmark Advisory Solutions Inc. grew its stake in shares of TJX Companies by 323.9% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 33,813 shares of the apparel and home fashions retailer’s stock worth $3,172,000 after purchasing an additional 25,837 shares in the last quarter. AJOVista LLC acquired a new position in shares of TJX Companies during the fourth quarter valued at $120,000. Finally, Provence Wealth Management Group raised its stake in shares of TJX Companies by 6.8% during the fourth quarter. Provence Wealth Management Group now owns 4,088 shares of the apparel and home fashions retailer’s stock valued at $383,000 after purchasing an additional 260 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TJX shares. Redburn Atlantic cut 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. Telsey Advisory Group reaffirmed an “outperform” rating and set a $105.00 target price on shares of TJX Companies in a report on Wednesday, February 28th. UBS Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and upped their price target for the company from $104.00 to $132.00 in a report on Thursday. BMO Capital Markets raised their price objective on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. Finally, The Goldman Sachs Group raised TJX Companies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $100.00 to $110.00 in a research report on Thursday, April 25th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.29.

Insider Transactions at TJX Companies

In related news, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction on Friday, March 1st. The stock was 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 $4,968,480.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 515,801 shares in the company, valued at $51,053,982.98. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 transaction, the executive vice president now owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

TJX Companies Stock Up 0.2 %

Shares of TJX Companies stock traded up $0.20 on Friday, hitting $95.11. The company had a trading volume of 5,894,076 shares, compared to its average volume of 5,182,456. The stock has a market capitalization of $107.76 billion, a price-to-earnings ratio of 24.64, a P/E/G ratio of 2.45 and a beta of 0.87. 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 TJX Companies, Inc. has a 1 year low of $75.65 and a 1 year high of $102.84. The stock has a 50 day moving average of $96.94 and a 200-day moving average of $94.11.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. The firm had revenue of $16.41 billion for the quarter, compared to the consensus estimate of $16.20 billion. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.89 EPS. As a group, sell-side analysts forecast that The TJX Companies, Inc. will post 4.07 earnings per share for the current year.

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders 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 annualized dividend and a dividend yield of 1.58%. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s dividend payout ratio (DPR) is currently 34.46%.

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