Walden Wealth Partners LLC Buys New Stake in The TJX Companies, Inc. (NYSE:TJX)

Walden Wealth Partners LLC bought a new stake in The TJX Companies, Inc. (NYSE:TJX) in the fourth quarter, HoldingsChannel.com reports. The fund bought 3,408 shares of the apparel and home fashions retailer’s stock, valued at approximately $320,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Loomis Sayles & Co. L P boosted its stake in TJX Companies by 79.3% during the third quarter. Loomis Sayles & Co. L P now owns 4,396 shares of the apparel and home fashions retailer’s stock worth $391,000 after buying an additional 1,944 shares during the period. Bank Julius Baer & Co. Ltd Zurich boosted its position in TJX Companies by 3.5% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 17,322 shares of the apparel and home fashions retailer’s stock valued at $1,540,000 after buying an additional 587 shares during the last quarter. Kestra Advisory Services LLC boosted its position in TJX Companies by 11.8% in the 3rd quarter. Kestra Advisory Services LLC now owns 58,087 shares of the apparel and home fashions retailer’s stock worth $5,163,000 after purchasing an additional 6,123 shares in the last quarter. Checchi Capital Advisers LLC lifted its position in shares of TJX Companies by 24.8% during the 3rd quarter. Checchi Capital Advisers LLC now owns 16,116 shares of the apparel and home fashions retailer’s stock valued at $1,432,000 after buying an additional 3,207 shares in the last quarter. Finally, Prudential PLC lifted its position in shares of TJX Companies by 7.9% during the 3rd quarter. Prudential PLC now owns 114,250 shares of the apparel and home fashions retailer’s stock valued at $10,155,000 after buying an additional 8,319 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other TJX Companies news, Director Amy B. Lane sold 1,500 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total transaction of $153,105.00. Following the sale, the director now directly owns 23,470 shares in the company, valued at $2,395,582.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other TJX Companies news, Director Amy B. Lane sold 1,500 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total transaction of $153,105.00. Following the sale, the director now directly owns 23,470 shares in the company, valued at $2,395,582.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $102.17, for a total value of $2,043,400.00. Following the completion of the transaction, 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 ninety days, insiders have sold 70,003 shares of company stock worth $7,040,541. 0.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TJX. The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and increased their target price for the company from $100.00 to $110.00 in a research report on Thursday, April 25th. Evercore ISI set a $113.00 target price on TJX Companies in a research report on Tuesday, May 21st. TD Cowen increased their target price on TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Telsey Advisory Group increased their price objective on TJX Companies from $112.00 to $115.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Finally, Sanford C. Bernstein increased their price objective on TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Two investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $110.37.

TJX Companies Stock Performance

Shares of NYSE:TJX traded up $1.72 during trading on Monday, reaching $110.22. The company had a trading volume of 5,352,324 shares, compared to its average volume of 5,505,330. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.23 and a quick ratio of 0.61. The TJX Companies, Inc. has a fifty-two week low of $80.15 and a fifty-two week high of $110.58. The firm has a market capitalization of $124.57 billion, a price-to-earnings ratio of 26.92, a price-to-earnings-growth ratio of 2.90 and a beta of 0.87. The stock’s fifty day moving average price is $99.28 and its 200 day moving average price is $96.81.

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

TJX Companies declared that its board has authorized a share buyback program on Wednesday, February 28th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the apparel and home fashions retailer to repurchase up to 2.2% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.50 dividend on an annualized basis and a yield of 1.36%. TJX Companies’s payout ratio is 37.22%.

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.