JARISLOWSKY FRASER Ltd Has $98.32 Million Position in The TJX Companies, Inc. (NYSE:TJX)

JARISLOWSKY FRASER Ltd lessened its holdings in The TJX Companies, Inc. (NYSE:TJXFree Report) by 0.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,048,065 shares of the apparel and home fashions retailer’s stock after selling 4,766 shares during the quarter. JARISLOWSKY FRASER Ltd’s holdings in TJX Companies were worth $98,319,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Peak Asset Management LLC acquired a new position in TJX Companies in the fourth quarter worth about $205,000. Eaton Financial Holdings Company LLC raised its position in TJX Companies by 2.9% in the fourth quarter. Eaton Financial Holdings Company LLC now owns 16,461 shares of the apparel and home fashions retailer’s stock worth $1,544,000 after purchasing an additional 460 shares in the last quarter. Evermay Wealth Management LLC raised its position in TJX Companies by 26.2% in the fourth quarter. Evermay Wealth Management LLC now owns 7,507 shares of the apparel and home fashions retailer’s stock worth $704,000 after purchasing an additional 1,560 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. acquired a new position in TJX Companies in the fourth quarter worth about $1,362,000. Finally, Fortis Capital Advisors LLC raised its position in TJX Companies by 1,561.0% in the fourth quarter. Fortis Capital Advisors LLC now owns 97,066 shares of the apparel and home fashions retailer’s stock worth $9,106,000 after purchasing an additional 91,222 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Buying and Selling

In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction 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 sale, the executive vice president now directly owns 50,273 shares in the company, valued at approximately $4,968,480.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other TJX Companies news, 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 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 Securities & Exchange Commission, which can be accessed through 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 completion of the transaction, the executive vice president now directly 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 currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on TJX shares. BMO Capital Markets upped their price objective on shares of TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on shares of TJX Companies in a research note on Tuesday, May 21st. The Goldman Sachs Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $100.00 to $110.00 in a research note on Thursday, April 25th. Sanford C. Bernstein upped their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, UBS Group upped their price objective on shares of TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a research note on Thursday. Two analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $110.05.

View Our Latest Stock Analysis on TJX Companies

TJX Companies Trading Up 2.0 %

TJX traded up $1.98 during mid-day trading on Monday, hitting $102.14. The stock had a trading volume of 5,625,100 shares, compared to its average volume of 5,243,720. The TJX Companies, Inc. has a 1-year low of $75.65 and a 1-year high of $104.98. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.23 and a quick ratio of 0.61. The stock’s fifty day simple moving average is $97.27 and its 200-day simple moving average is $95.15. The firm has a market capitalization of $115.72 billion, a price-to-earnings ratio of 25.34, a price-to-earnings-growth ratio of 2.73 and a beta of 0.87.

TJX Companies (NYSE:TJXGet Free Report) last issued its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The business had revenue of $12.48 billion for the quarter, compared to analyst estimates of $12.48 billion. During the same period last year, the business posted $0.76 earnings per share. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. As a group, research analysts forecast that The TJX Companies, Inc. will post 4.09 EPS for the current fiscal year.

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

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Investors 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 1.47%. This is a positive change from TJX Companies’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, May 15th. TJX Companies’s dividend payout ratio (DPR) is presently 37.22%.

About TJX Companies

(Free Report)

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.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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