Roffman Miller Associates Inc. PA Buys 4,647 Shares of The TJX Companies, Inc. (NYSE:TJX)

Roffman Miller Associates Inc. PA grew its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 164,114 shares of the apparel and home fashions retailer’s stock after buying an additional 4,647 shares during the quarter. Roffman Miller Associates Inc. PA’s holdings in TJX Companies were worth $15,396,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Anchor Investment Management LLC purchased a new position in shares of TJX Companies during the 4th quarter worth $28,000. BKM Wealth Management LLC bought a new stake in shares of TJX Companies during the 4th quarter valued at $30,000. Larson Financial Group LLC raised its position in shares of TJX Companies by 76.0% during the 3rd quarter. Larson Financial Group LLC now owns 389 shares of the apparel and home fashions retailer’s stock valued at $35,000 after purchasing an additional 168 shares during the period. BOK Financial Private Wealth Inc. bought a new stake in shares of TJX Companies during the 4th quarter valued at $40,000. Finally, Steward Financial Group LLC raised its position in shares of TJX Companies by 56.5% during the 3rd quarter. Steward Financial Group LLC now owns 493 shares of the apparel and home fashions retailer’s stock valued at $43,000 after purchasing an additional 178 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Activity at TJX Companies

In related 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 sale, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, EVP Louise Greenlees sold 2,694 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $98.83, for a total value of $266,248.02. Following the transaction, the executive vice president now owns 50,273 shares in the company, valued at $4,968,480.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TJX has been the topic of a number of research reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $105.00 price target on shares of TJX Companies in a research note on Wednesday, February 28th. UBS Group lifted their price target 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. Redburn Atlantic cut shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective for the company. in a research report on Monday, February 5th. BMO Capital Markets boosted their price objective 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. Finally, The Goldman Sachs Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $100.00 to $110.00 in a research report on Thursday. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $102.65.

TJX Companies Price Performance

TJX traded up $0.09 during midday trading on Friday, hitting $96.51. 2,099,162 shares of the company traded hands, compared to its average volume of 5,037,068. The business has a 50 day simple moving average of $97.36 and a two-hundred day simple moving average of $93.82. The company has a market capitalization of $109.34 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 2.45 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 TJX Companies, Inc. has a 52-week low of $75.65 and a 52-week high of $102.84.

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

TJX Companies announced that its board has authorized a stock 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 purchase up to 2.2% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Wednesday, May 15th. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s payout ratio is currently 34.46%.

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.