The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Keel Point LLC

Keel Point LLC raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 2.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,231 shares of the apparel and home fashions retailer’s stock after purchasing an additional 121 shares during the quarter. Keel Point LLC’s holdings in TJX Companies were worth $397,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TJX. Fairfield Bush & CO. acquired a new position in shares of TJX Companies in the first quarter worth $68,000. United Bank grew its stake in TJX Companies by 9.2% during the 1st quarter. United Bank now owns 15,197 shares of the apparel and home fashions retailer’s stock worth $921,000 after purchasing an additional 1,284 shares in the last quarter. AMI Investment Management Inc. purchased a new stake in TJX Companies during the 1st quarter worth about $2,780,000. Cetera Investment Advisers raised its position in TJX Companies by 69.0% in the 1st quarter. Cetera Investment Advisers now owns 38,304 shares of the apparel and home fashions retailer’s stock valued at $2,320,000 after purchasing an additional 15,644 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in TJX Companies by 10.0% in the first quarter. Sequoia Financial Advisors LLC now owns 4,396 shares of the apparel and home fashions retailer’s stock valued at $266,000 after acquiring an additional 398 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. UBS Group boosted their target price on shares of TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Telsey Advisory Group reiterated an “outperform” rating and issued a $105.00 price objective on shares of TJX Companies in a report on Wednesday, February 28th. Redburn Atlantic cut TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 target price for the company. in a research note on Monday, February 5th. Finally, BMO Capital Markets raised their price objective on shares of TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and an average price target of $102.19.

Insider Buying and Selling at TJX Companies

In other news, EVP Louise Greenlees sold 2,694 shares of the 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 completion of the transaction, the executive vice president now owns 50,273 shares in the company, valued at approximately $4,968,480.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction that occurred 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 owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Louise Greenlees sold 2,694 shares of the business’s 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 completion of the transaction, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

TJX Companies Trading Up 0.4 %

Shares of TJX stock opened at $93.39 on Wednesday. The company has a market capitalization of $105.81 billion, a P/E ratio of 24.19, a price-to-earnings-growth ratio of 2.39 and a beta of 0.86. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 0.39. The business’s 50 day moving average is $97.89 and its two-hundred day moving average is $93.60. The TJX Companies, Inc. has a twelve month low of $75.65 and a twelve month high of $102.84.

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

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be given a $0.375 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $1.50 dividend on an annualized basis and a yield of 1.61%. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s dividend payout ratio (DPR) is presently 34.46%.

TJX Companies announced that its board has initiated a stock buyback program on Wednesday, February 28th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the apparel and home fashions retailer to purchase up to 2.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors 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.