Fairman Group LLC Takes $84,000 Position in The TJX Companies, Inc. (NYSE:TJX)

Fairman Group LLC purchased a new stake in The TJX Companies, Inc. (NYSE:TJX) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 895 shares of the apparel and home fashions retailer’s stock, valued at approximately $84,000.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in TJX Companies in the 4th quarter valued at approximately $1,193,438,000. Schroder Investment Management Group increased its position in shares of 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 worth $184,714,000 after purchasing an additional 1,617,367 shares during the last quarter. Qube Research & Technologies Ltd increased its position in shares of 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 worth $211,428,000 after purchasing an additional 1,223,303 shares during the last quarter. Nordea Investment Management AB increased its position in shares of 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 worth $554,156,000 after purchasing an additional 1,107,937 shares during the last quarter. Finally, Canoe Financial LP increased its position in shares of 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 worth $104,344,000 after purchasing an additional 1,107,287 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Down 0.4 %

TJX stock traded down $0.40 during mid-day trading on Tuesday, reaching $109.82. The company’s stock had a trading volume of 112,096 shares, compared to its average volume of 5,459,237. The company has a market cap of $124.11 billion, a price-to-earnings ratio of 27.35, a price-to-earnings-growth ratio of 2.90 and a beta of 0.87. The business’s 50 day moving average price is $99.56 and its 200 day moving average price is $96.97. The company has a current ratio of 1.23, a quick ratio of 0.61 and a debt-to-equity ratio of 0.38. The TJX Companies, Inc. has a 12 month low of $80.15 and a 12 month high of $110.58.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, beating the consensus estimate of $0.87 by $0.06. The firm had revenue of $12.48 billion during 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 quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.76 earnings per share. On average, equities research analysts predict that The TJX Companies, Inc. will post 4.09 EPS for the current year.

TJX Companies announced that its board has initiated a share repurchase plan on Wednesday, February 28th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the apparel and home fashions retailer to repurchase up to 2.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

TJX Companies Dividend Announcement

The business also recently announced 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. The ex-dividend date is Thursday, August 15th. This represents a $1.50 annualized dividend and a dividend yield of 1.37%. TJX Companies’s payout ratio is 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 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 legal filing with the SEC, which can be accessed through the SEC website. 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, Director Amy B. Lane sold 1,500 shares of the business’s stock in a transaction 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 owns 23,470 shares in the company, valued at $2,395,582.90. The disclosure for this sale can be found here. Insiders have sold a total of 70,003 shares of company stock valued at $7,040,541 over the last 90 days. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TJX shares. TD Cowen boosted their price target on TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Evercore ISI set a $113.00 target price on TJX Companies in a research note on Tuesday, May 21st. UBS Group lifted their target price on TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Robert W. Baird lifted their target price on TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Finally, BMO Capital Markets lifted their target price on TJX Companies from $110.00 to $116.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. Two research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.