The TJX Companies, Inc. (NYSE:TJX) Shares Bought by Raab & Moskowitz Asset Management LLC

Raab & Moskowitz Asset Management LLC raised its position in The TJX Companies, Inc. (NYSE:TJX) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 99,842 shares of the apparel and home fashions retailer’s stock after acquiring an additional 463 shares during the period. TJX Companies makes up approximately 3.0% of Raab & Moskowitz Asset Management LLC’s holdings, making the stock its 7th biggest holding. Raab & Moskowitz Asset Management LLC’s holdings in TJX Companies were worth $9,366,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Avior Wealth Management LLC lifted its stake in shares of TJX Companies by 3.3% during the third quarter. Avior Wealth Management LLC now owns 3,728 shares of the apparel and home fashions retailer’s stock worth $331,000 after buying an additional 119 shares during the period. Meridian Wealth Management LLC lifted its stake in shares of TJX Companies by 9.9% during the third quarter. Meridian Wealth Management LLC now owns 7,606 shares of the apparel and home fashions retailer’s stock worth $676,000 after buying an additional 683 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of TJX Companies by 467.7% during the third quarter. Exchange Traded Concepts LLC now owns 21,420 shares of the apparel and home fashions retailer’s stock worth $1,904,000 after buying an additional 17,647 shares during the period. Boston Trust Walden Corp lifted its stake in shares of TJX Companies by 0.7% during the third quarter. Boston Trust Walden Corp now owns 104,156 shares of the apparel and home fashions retailer’s stock worth $9,257,000 after buying an additional 775 shares during the period. Finally, Strategic Blueprint LLC lifted its position in TJX Companies by 9.8% during the third 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. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TJX shares. Telsey Advisory Group restated an “outperform” rating and set 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 company a “neutral” rating in a research report on Friday, March 1st. BMO Capital Markets boosted their target price 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. Redburn Atlantic downgraded 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 report on Monday, February 5th. Finally, The Goldman Sachs Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and boosted their target price for the company from $100.00 to $110.00 in a research report on Thursday. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and an average price target of $102.65.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 20,000 shares of the business’s 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 of the company’s stock, valued at $51,053,982.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Ernie Herrman sold 20,000 shares of the business’s 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 transaction, the chief executive officer now directly owns 515,801 shares in the company, valued at $51,053,982.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Louise Greenlees sold 2,694 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $98.83, for a total transaction of $266,248.02. Following the transaction, the executive vice president now owns 50,273 shares in the company, valued at $4,968,480.59. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Stock Down 0.1 %

TJX opened at $96.36 on Friday. The stock has a market capitalization of $109.17 billion, a price-to-earnings ratio of 24.96, a PEG ratio of 2.48 and a beta of 0.86. The company has a fifty day moving average of $97.33 and a two-hundred day moving average of $93.90. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.64 and a current ratio of 1.21. The TJX Companies, Inc. has a fifty-two week low of $75.65 and a fifty-two week high of $102.84.

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, topping analysts’ consensus estimates of $1.12 by $0.10. The business 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 company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.89 earnings per share. On average, research analysts expect that The TJX Companies, Inc. will post 4.07 earnings per share for the current year.

TJX Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders 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 represents a $1.50 dividend on an annualized basis and a dividend yield of 1.56%. 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 declared that its board has authorized a share repurchase program on Wednesday, February 28th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the apparel and home fashions retailer to repurchase up to 2.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

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.