Wealthspire Advisors LLC Has $1.24 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Wealthspire Advisors LLC boosted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 9.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,183 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,166 shares during the period. Wealthspire Advisors LLC’s holdings in TJX Companies were worth $1,237,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC grew its stake in TJX Companies by 13.1% in the 3rd quarter. FMR LLC now owns 52,008,484 shares of the apparel and home fashions retailer’s stock valued at $4,622,514,000 after buying an additional 6,036,764 shares during the last quarter. Schroder Investment Management Group increased its position in TJX Companies by 350.9% in the 3rd quarter. Schroder Investment Management Group now owns 2,078,244 shares of the apparel and home fashions retailer’s stock worth $184,714,000 after buying an additional 1,617,367 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of TJX Companies by 225.6% during the third quarter. Assenagon Asset Management S.A. now owns 2,137,256 shares of the apparel and home fashions retailer’s stock worth $189,959,000 after buying an additional 1,480,837 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of TJX Companies in the third quarter valued at approximately $115,982,000. Finally, Qube Research & Technologies Ltd grew its stake in shares of TJX Companies by 105.9% in the third quarter. Qube Research & Technologies Ltd now owns 2,378,802 shares of the apparel and home fashions retailer’s stock worth $211,428,000 after acquiring an additional 1,223,303 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

TJX has been the subject of a number of research reports. The Goldman Sachs Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and increased their price target for the company from $100.00 to $110.00 in a report on Thursday, April 25th. BMO Capital Markets boosted their price target on TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $105.00 target price on shares of TJX Companies in a research report on Wednesday, February 28th. UBS Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and boosted their price target for the company from $104.00 to $132.00 in a report on Thursday, May 2nd. Finally, Redburn Atlantic cut shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 target price on the stock. in a research note on Monday, February 5th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.29.

TJX Companies Stock Up 0.3 %

Shares of NYSE:TJX traded up $0.27 during midday trading on Friday, hitting $99.18. The stock had a trading volume of 107,069 shares, compared to its average volume of 5,055,061. The company has a market cap of $112.37 billion, a P/E ratio of 25.63, a PEG ratio of 2.49 and a beta of 0.87. The business’s 50-day simple moving average is $96.80 and its 200-day simple moving average is $94.26. The TJX Companies, Inc. has a 12 month low of $75.65 and a 12 month high of $102.84. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 0.39.

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, beating analysts’ consensus estimates of $1.12 by $0.10. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The company had revenue of $16.41 billion during the quarter, compared to analysts’ expectations of $16.20 billion. During the same period last year, the firm posted $0.89 earnings per share. The business’s revenue was up 13.0% on a year-over-year basis. On average, sell-side analysts forecast that The TJX Companies, Inc. will post 4.1 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Wednesday, May 15th. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s payout ratio is currently 34.46%.

TJX Companies announced that its Board of Directors has approved a stock buyback plan on Wednesday, February 28th that authorizes the company to repurchase $2.50 billion in outstanding 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 plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at TJX Companies

In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the business’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 completion of the sale, the executive vice president now owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the business’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 transaction of $266,248.02. Following the completion of the transaction, the executive vice president now directly owns 50,273 shares in the company, valued at $4,968,480.59. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $98.98, for a total value of $1,979,600.00. Following the completion of the transaction, the chief executive officer now 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 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.