The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Summit Trail Advisors LLC

Summit Trail Advisors LLC grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,992 shares of the apparel and home fashions retailer’s stock after purchasing an additional 211 shares during the period. Summit Trail Advisors LLC’s holdings in TJX Companies were worth $1,500,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in TJX. Vanguard Group Inc. lifted its holdings in shares of TJX Companies by 0.4% in the third quarter. Vanguard Group Inc. now owns 95,135,688 shares of the apparel and home fashions retailer’s stock valued at $8,455,660,000 after purchasing an additional 392,783 shares in the last quarter. FMR LLC lifted its position in shares of TJX Companies by 13.1% in the third quarter. FMR LLC now owns 52,008,484 shares of the apparel and home fashions retailer’s stock worth $4,622,514,000 after purchasing an additional 6,036,764 shares in the last quarter. Morgan Stanley lifted its position in shares of TJX Companies by 1.5% in the third quarter. Morgan Stanley now owns 24,752,978 shares of the apparel and home fashions retailer’s stock worth $2,200,045,000 after purchasing an additional 371,163 shares in the last quarter. Northern Trust Corp boosted its stake in shares of TJX Companies by 2.3% during the 3rd quarter. Northern Trust Corp now owns 13,734,141 shares of the apparel and home fashions retailer’s stock valued at $1,220,690,000 after buying an additional 313,530 shares during the period. Finally, Jennison Associates LLC raised its position in shares of TJX Companies by 0.9% in the third quarter. Jennison Associates LLC now owns 9,054,237 shares of the apparel and home fashions retailer’s stock valued at $804,741,000 after purchasing an additional 83,643 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Performance

TJX stock traded up $2.33 during midday trading on Monday, reaching $97.44. 6,229,573 shares of the company were exchanged, compared to its average volume of 5,095,990. The firm has a market capitalization of $110.40 billion, a price-to-earnings ratio of 24.64, a price-to-earnings-growth ratio of 2.45 and a beta of 0.87. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.21 and a quick ratio of 0.64. The business has a 50-day moving average price of $96.94 and a two-hundred day moving average price of $94.11. The TJX Companies, Inc. has a one year low of $75.65 and a one year high of $102.84.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share 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 for the quarter, compared to analysts’ expectations of $16.20 billion. During the same quarter in the previous year, the firm posted $0.89 earnings per share. The company’s revenue was up 13.0% on a year-over-year basis. Equities research analysts forecast that The TJX Companies, Inc. will post 4.07 EPS for the current year.

TJX Companies Increases Dividend

The company also recently announced 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 represents a $1.50 dividend on an annualized basis and a yield of 1.54%. 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 dividend payout ratio is currently 34.46%.

TJX Companies declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 28th that permits the company to buyback $2.50 billion in 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 plans are usually an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TJX shares. The Goldman Sachs Group raised TJX Companies from a “neutral” rating to a “buy” rating and raised their price target for the company from $100.00 to $110.00 in a research report on Thursday, April 25th. BMO Capital Markets upped their price target on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Redburn Atlantic cut 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 note on Monday, February 5th. UBS Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and lifted their target price for the company from $104.00 to $132.00 in a research report on Thursday. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $105.00 price objective on shares of TJX Companies in a report on Wednesday, February 28th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $104.29.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 515,801 shares in the company, valued at approximately $51,053,982.98. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Louise Greenlees sold 2,694 shares of the company’s 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 owns 50,273 shares in the company, valued at approximately $4,968,480.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction dated Thursday, March 21st. The stock was 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 in the company, valued at approximately $51,053,982.98. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies 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.