Parkside Financial Bank & Trust Acquires 150 Shares of The TJX Companies, Inc. (NYSE:TJX)

Parkside Financial Bank & Trust grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,018 shares of the apparel and home fashions retailer’s stock after purchasing an additional 150 shares during the quarter. Parkside Financial Bank & Trust’s holdings in TJX Companies were worth $658,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TJX. International Assets Investment Management LLC lifted its holdings in shares of TJX Companies by 6.2% in the third quarter. International Assets Investment Management LLC now owns 10,446 shares of the apparel and home fashions retailer’s stock worth $920,000 after buying an additional 613 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of TJX Companies by 11.8% in the third quarter. IFP Advisors Inc now owns 5,153 shares of the apparel and home fashions retailer’s stock worth $458,000 after buying an additional 542 shares in the last quarter. RFG Advisory LLC raised its stake in TJX Companies by 60.2% in the third quarter. RFG Advisory LLC now owns 5,902 shares of the apparel and home fashions retailer’s stock valued at $525,000 after purchasing an additional 2,218 shares in the last quarter. Douglas Lane & Associates LLC bought a new stake in TJX Companies during the third quarter valued at approximately $220,000. Finally, Avior Wealth Management LLC lifted its position in TJX Companies by 3.3% during the third quarter. Avior Wealth Management LLC now owns 3,728 shares of the apparel and home fashions retailer’s stock valued at $331,000 after purchasing an additional 119 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TJX has been the subject of several research analyst reports. Telsey Advisory Group reiterated an “outperform” rating and set a $105.00 target price on shares of TJX Companies in a research report on Wednesday, February 28th. BMO Capital Markets lifted their target price on shares of TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. UBS Group lifted their target price on shares of TJX Companies from $95.00 to $104.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Finally, Redburn Atlantic lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 target price for the company. in a research report on Monday, February 5th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $102.19.

TJX Companies Trading Up 0.2 %

Shares of NYSE TJX traded up $0.17 during mid-day trading on Tuesday, hitting $94.25. The stock had a trading volume of 2,965,951 shares, compared to its average volume of 4,995,521. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.64 and a current ratio of 1.21. The TJX Companies, Inc. has a 1 year low of $75.65 and a 1 year high of $102.84. The business has a 50 day moving average price of $97.50 and a two-hundred day moving average price of $93.74. The firm has a market cap of $106.78 billion, a P/E ratio of 24.37, a price-to-earnings-growth ratio of 2.40 and a beta of 0.86.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping 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 the consensus estimate of $16.20 billion. During the same period in the previous year, the firm earned $0.89 earnings per share. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, equities analysts anticipate that The TJX Companies, Inc. will post 4.07 EPS for the current fiscal year.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be given a dividend of $0.375 per share. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Wednesday, May 15th. TJX Companies’s payout ratio is presently 34.46%.

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

Insider Buying and Selling 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 shares were 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 directly owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The sale 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 shares were 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 directly owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Louise Greenlees sold 2,694 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the transaction, the executive vice president now directly owns 50,273 shares in the company, valued at $4,968,480.59. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

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.