The TJX Companies, Inc. (NYSE:TJX) Shares Bought by Syon Capital LLC

Syon Capital LLC increased its holdings in The TJX Companies, Inc. (NYSE:TJX) by 6.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,920 shares of the apparel and home fashions retailer’s stock after buying an additional 391 shares during the period. Syon Capital LLC’s holdings in TJX Companies were worth $649,000 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. Norges Bank acquired a new position in TJX Companies during the 4th quarter valued at about $1,193,438,000. Schroder Investment Management Group boosted its stake in TJX Companies by 350.9% during the 3rd quarter. Schroder Investment Management Group now owns 2,078,244 shares of the apparel and home fashions retailer’s stock valued at $184,714,000 after purchasing an additional 1,617,367 shares during the period. Qube Research & Technologies Ltd boosted its stake in TJX Companies by 105.9% during the 3rd quarter. Qube Research & Technologies Ltd now owns 2,378,802 shares of the apparel and home fashions retailer’s stock valued at $211,428,000 after purchasing an additional 1,223,303 shares during the period. Nordea Investment Management AB boosted its stake in TJX Companies by 23.2% during the 4th quarter. Nordea Investment Management AB now owns 5,881,507 shares of the apparel and home fashions retailer’s stock valued at $554,156,000 after purchasing an additional 1,107,937 shares during the period. Finally, Canoe Financial LP boosted its stake in TJX Companies by 22,145.7% during the 4th quarter. Canoe Financial LP now owns 1,112,287 shares of the apparel and home fashions retailer’s stock valued at $104,344,000 after purchasing an additional 1,107,287 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Trading Up 0.2 %

Shares of TJX stock traded up $0.24 during trading hours on Friday, reaching $108.50. 3,698,667 shares of the stock traded hands, compared to its average volume of 7,447,975. The business has a fifty day moving average price of $99.28 and a 200 day moving average price of $96.75. The TJX Companies, Inc. has a 1-year low of $79.86 and a 1-year high of $108.82. The firm has a market capitalization of $122.62 billion, a PE ratio of 26.92, a PEG ratio of 2.90 and a beta of 0.87. The company has a quick ratio of 0.61, a current ratio of 1.23 and a debt-to-equity ratio of 0.38.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The firm had revenue of $12.48 billion for the quarter, compared to the consensus estimate of $12.48 billion. During the same period in the previous year, the firm posted $0.76 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. On average, equities research analysts forecast that The TJX Companies, Inc. will post 4.09 EPS for the current year.

TJX Companies announced that its Board of Directors has authorized a share buyback program 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 repurchase up to 2.2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Thursday, August 15th. TJX Companies’s payout ratio is presently 37.22%.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $102.17, for a total value of $2,043,400.00. Following the completion of the sale, the chief executive officer now directly owns 571,148 shares of the company’s stock, valued at $58,354,191.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other TJX Companies news, Director Amy B. Lane sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total value of $153,105.00. Following the completion of the sale, the director now directly owns 23,470 shares of the company’s stock, valued at $2,395,582.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the completion of the sale, the chief executive officer now directly owns 571,148 shares of the company’s stock, valued at $58,354,191.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,003 shares of company stock valued at $7,040,541. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on TJX shares. Robert W. Baird boosted their price target on shares of TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Sanford C. Bernstein boosted their price target on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. TD Cowen boosted their price target on shares of TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Barclays boosted their price target on shares of TJX Companies from $109.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. Finally, 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. Two equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.37.

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.