The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Petix & Botte Co

Petix & Botte Co trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 14.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,258 shares of the apparel and home fashions retailer’s stock after selling 742 shares during the period. Petix & Botte Co’s holdings in TJX Companies were worth $399,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Anchor Investment Management LLC acquired a new stake in shares of TJX Companies in the 4th quarter worth approximately $28,000. BKM Wealth Management LLC bought a new stake in shares of TJX Companies in the 4th quarter worth approximately $30,000. Larson Financial Group LLC raised its holdings in shares of TJX Companies by 76.0% in the 3rd quarter. Larson Financial Group LLC now owns 389 shares of the apparel and home fashions retailer’s stock worth $35,000 after purchasing an additional 168 shares in the last quarter. BOK Financial Private Wealth Inc. bought a new stake in shares of TJX Companies in the 4th quarter worth approximately $40,000. Finally, Gradient Investments LLC raised its holdings in shares of TJX Companies by 86.7% in the 4th quarter. Gradient Investments LLC now owns 478 shares of the apparel and home fashions retailer’s stock worth $45,000 after purchasing an additional 222 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction on 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 approximately $51,053,982.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Louise Greenlees sold 2,694 shares of the company’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 sale, the executive vice president now owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ernie Herrman sold 20,000 shares of the firm’s 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 transaction, the chief executive officer now owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

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

TJX Companies Stock Up 2.4 %

TJX stock traded up $2.33 during trading hours on Monday, hitting $97.44. The company’s stock had a trading volume of 6,229,573 shares, compared to its average volume of 5,095,990. 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 company has a market capitalization of $110.40 billion, a PE ratio of 25.24, a price-to-earnings-growth ratio of 2.45 and a beta of 0.87. The TJX Companies, Inc. has a 12 month low of $75.65 and a 12 month high of $102.84. The stock has a 50 day moving average price of $96.91 and a two-hundred day moving average price of $94.16.

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 the consensus estimate of $1.12 by $0.10. The business had revenue of $16.41 billion during 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%. TJX Companies’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.89 EPS. On average, equities research analysts expect that The TJX Companies, Inc. will post 4.07 earnings per share for the current year.

TJX Companies announced that its Board of Directors has approved 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 reacquire up to 2.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

TJX Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be paid a dividend of $0.375 per share. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 annualized dividend and a yield of 1.54%. The ex-dividend date is Wednesday, May 15th. TJX Companies’s dividend payout ratio is presently 38.86%.

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.