Beaumont Financial Advisors LLC Cuts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Beaumont Financial Advisors LLC lessened its holdings in The TJX Companies, Inc. (NYSE:TJX) by 3.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,728 shares of the apparel and home fashions retailer’s stock after selling 1,700 shares during the period. Beaumont Financial Advisors LLC’s holdings in TJX Companies were worth $4,008,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Tandem Investment Advisors Inc. grew its position in TJX Companies by 1.8% during the fourth quarter. Tandem Investment Advisors Inc. now owns 5,846 shares of the apparel and home fashions retailer’s stock valued at $548,000 after purchasing an additional 106 shares in the last quarter. Alhambra Investment Management LLC grew its position in TJX Companies by 2.0% during the fourth quarter. Alhambra Investment Management LLC now owns 5,433 shares of the apparel and home fashions retailer’s stock valued at $510,000 after purchasing an additional 108 shares in the last quarter. BSW Wealth Partners grew its position in TJX Companies by 2.0% during the fourth quarter. BSW Wealth Partners now owns 5,623 shares of the apparel and home fashions retailer’s stock valued at $528,000 after purchasing an additional 109 shares in the last quarter. Insight Advisors LLC PA grew its position in TJX Companies by 3.1% during the fourth quarter. Insight Advisors LLC PA now owns 3,757 shares of the apparel and home fashions retailer’s stock valued at $352,000 after purchasing an additional 112 shares in the last quarter. Finally, First Business Financial Services Inc. grew its position in TJX Companies by 0.6% during the third quarter. First Business Financial Services Inc. now owns 18,177 shares of the apparel and home fashions retailer’s stock valued at $1,616,000 after purchasing an additional 113 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TJX shares. 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. Telsey Advisory Group reissued 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 boosted their target price on shares of TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a research 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 objective for the company. in a report on Monday, February 5th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $102.19.

TJX Companies Stock Performance

NYSE:TJX traded up $0.14 during trading hours on Friday, hitting $92.80. 1,805,432 shares of the company traded hands, compared to its average volume of 4,981,262. The stock has a market capitalization of $105.14 billion, a price-to-earnings ratio of 24.01, a P/E/G ratio of 2.40 and a beta of 0.86. The TJX Companies, Inc. has a twelve month low of $75.65 and a twelve month high of $102.84. The firm has a 50-day moving average of $97.69 and a 200 day moving average of $93.59. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 0.39.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating 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%. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.89 EPS. On average, analysts forecast that The TJX Companies, Inc. will post 4.07 EPS for the current year.

TJX Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be paid a $0.375 dividend. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.62%. TJX Companies’s dividend payout ratio is currently 34.46%.

TJX Companies announced that its Board of Directors has initiated a share repurchase program 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 buy up to 2.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Activity

In other news, CEO Ernie Herrman sold 20,000 shares of the 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 sale was disclosed in a filing with the SEC, which is available at this link. In other news, EVP Louise Greenlees sold 2,694 shares of the 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 completion of the transaction, the executive vice president now owns 50,273 shares in the company, valued at approximately $4,968,480.59. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ernie Herrman sold 20,000 shares of the 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 sale, the chief executive officer now 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. Corporate insiders own 0.13% of the company’s stock.

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.