Spinnaker Trust Sells 200 Shares of The TJX Companies, Inc. (NYSE:TJX)

Spinnaker Trust cut its holdings in The TJX Companies, Inc. (NYSE:TJX) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,517 shares of the apparel and home fashions retailer’s stock after selling 200 shares during the period. Spinnaker Trust’s holdings in TJX Companies were worth $518,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TJX. Exchange Traded Concepts LLC raised its position in shares of TJX Companies by 467.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 21,420 shares of the apparel and home fashions retailer’s stock valued at $1,904,000 after purchasing an additional 17,647 shares during the period. Strategic Blueprint LLC raised its position in shares of TJX Companies by 9.8% during the 3rd quarter. Strategic Blueprint LLC now owns 6,791 shares of the apparel and home fashions retailer’s stock valued at $604,000 after purchasing an additional 607 shares during the period. Ballentine Partners LLC raised its position in shares of TJX Companies by 31.7% during the 3rd quarter. Ballentine Partners LLC now owns 20,828 shares of the apparel and home fashions retailer’s stock valued at $1,851,000 after purchasing an additional 5,017 shares during the period. Oak Harbor Wealth Partners LLC raised its position in shares of TJX Companies by 5.4% during the 3rd quarter. Oak Harbor Wealth Partners LLC now owns 8,491 shares of the apparel and home fashions retailer’s stock valued at $755,000 after purchasing an additional 434 shares during the period. Finally, Slow Capital Inc. raised its position in shares of TJX Companies by 4.2% during the 3rd quarter. Slow Capital Inc. now owns 43,985 shares of the apparel and home fashions retailer’s stock valued at $3,909,000 after purchasing an additional 1,790 shares during the period. 91.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction dated 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 transaction, the chief executive officer now directly 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 the SEC website. In related news, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction dated 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 owns 515,801 shares in the company, valued at approximately $51,053,982.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the sale, the executive vice president now owns 50,273 shares of the company’s stock, valued at approximately $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 Price Performance

Shares of NYSE:TJX traded down $0.06 on Friday, reaching $96.36. The company’s stock had a trading volume of 3,748,411 shares, compared to its average volume of 4,860,047. The TJX Companies, Inc. has a 52-week low of $75.65 and a 52-week high of $102.84. The company has a market cap of $109.17 billion, a P/E ratio of 24.96, a PEG ratio of 2.48 and a beta of 0.86. The company has a 50-day simple moving average of $97.33 and a 200 day simple moving average of $93.87. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.64 and a current ratio of 1.21.

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

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

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be paid a dividend of $0.375 per share. The ex-dividend date is Wednesday, May 15th. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.56%. TJX Companies’s payout ratio is currently 34.46%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. The Goldman Sachs Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and raised their price objective for the company from $100.00 to $110.00 in a research report on Thursday. Telsey Advisory Group reiterated an “outperform” rating and issued a $105.00 price target on shares of TJX Companies in a report on Wednesday, February 28th. BMO Capital Markets lifted their price target on shares of TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. UBS Group lifted their price target on shares of TJX Companies from $95.00 to $104.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Finally, Redburn Atlantic downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target on the stock. in a report on Monday, February 5th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $102.65.

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.