Geneva Capital Management LLC Sells 1,886 Shares of The TJX Companies, Inc. (NYSE:TJX)

Geneva Capital Management LLC trimmed its position in The TJX Companies, Inc. (NYSE:TJX) by 4.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 37,688 shares of the apparel and home fashions retailer’s stock after selling 1,886 shares during the period. Geneva Capital Management LLC’s holdings in TJX Companies were worth $3,536,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Penobscot Investment Management Company Inc. boosted its stake in TJX Companies by 35.5% in the third quarter. Penobscot Investment Management Company Inc. now owns 73,466 shares of the apparel and home fashions retailer’s stock valued at $6,530,000 after acquiring an additional 19,236 shares during the last quarter. Ferguson Wellman Capital Management Inc. boosted its holdings in TJX Companies by 3.7% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 603,482 shares of the apparel and home fashions retailer’s stock worth $56,613,000 after buying an additional 21,767 shares during the period. Savoir Faire Capital Management L.P. bought a new position in TJX Companies in the 3rd quarter worth approximately $3,197,000. Gateway Investment Advisers LLC boosted its holdings in TJX Companies by 42.9% in the 4th quarter. Gateway Investment Advisers LLC now owns 19,108 shares of the apparel and home fashions retailer’s stock worth $1,793,000 after buying an additional 5,737 shares during the period. Finally, Cape Cod Five Cents Savings Bank boosted its holdings in TJX Companies by 109.1% in the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 148,954 shares of the apparel and home fashions retailer’s stock worth $13,239,000 after buying an additional 77,711 shares during the period. 91.09% of the stock is owned by institutional investors.

TJX Companies Trading Up 0.1 %

NYSE:TJX traded up $0.06 during trading hours on Friday, reaching $98.97. The company’s stock had a trading volume of 405,230 shares, compared to its average volume of 5,057,642. The firm has a market capitalization of $112.13 billion, a price-to-earnings ratio of 25.69, a PEG ratio of 2.49 and a beta of 0.87. The firm has a 50-day simple moving average of $96.80 and a 200-day simple moving average of $94.26. The TJX Companies, Inc. has a 1 year low of $75.65 and a 1 year high of $102.84. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.64 and a current ratio of 1.21.

TJX Companies (NYSE:TJX) last issued 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. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The company had revenue of $16.41 billion for the quarter, compared to analysts’ expectations of $16.20 billion. During the same quarter last year, the company earned $0.89 EPS. The firm’s revenue was up 13.0% compared to the same quarter last year. Research analysts expect that The TJX Companies, Inc. will post 4.1 EPS 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. Shareholders of record on Thursday, May 16th will be given a $0.375 dividend. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, May 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.52%. TJX Companies’s payout ratio is presently 34.46%.

TJX Companies declared that its Board of Directors has initiated a stock repurchase program 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 purchase up to 2.2% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms recently commented on TJX. The Goldman Sachs Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $100.00 to $110.00 in a report on Thursday, April 25th. Telsey Advisory Group reissued an “outperform” rating and issued a $105.00 price target on shares of TJX Companies in a report on Wednesday, February 28th. BMO Capital Markets raised their price target on shares of TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a 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 price target for the company. in a report on Monday, February 5th. Finally, UBS Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and raised their price target for the company from $104.00 to $132.00 in a report on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $104.29.

Insider Buying and Selling 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 transaction, the executive vice president now owns 50,273 shares in the company, valued at $4,968,480.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, 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 sale, the executive vice president now owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of TJX Companies 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 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. Corporate insiders own 0.13% of the company’s stock.

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.