6,836 Shares in The TJX Companies, Inc. (NYSE:TJX) Purchased by Team Hewins LLC

Team Hewins LLC acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 6,836 shares of the apparel and home fashions retailer’s stock, valued at approximately $641,000.

A number of other hedge funds have also modified their holdings of TJX. Frazier Financial Advisors LLC bought a new position in TJX Companies in the fourth quarter valued at approximately $27,000. Anchor Investment Management LLC bought a new position in TJX Companies in the fourth quarter valued at approximately $28,000. BKM Wealth Management LLC bought a new position in TJX Companies in the fourth quarter valued at approximately $30,000. Larson Financial Group LLC grew its stake in TJX Companies by 76.0% in the third quarter. Larson Financial Group LLC now owns 389 shares of the apparel and home fashions retailer’s stock valued at $35,000 after purchasing an additional 168 shares in the last quarter. Finally, Sachetta LLC bought a new position in TJX Companies in the fourth quarter valued at approximately $38,000. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Price Performance

TJX stock traded up $1.93 during midday trading on Friday, reaching $102.09. 4,287,640 shares of the stock were exchanged, compared to its average volume of 5,225,420. The stock has a market capitalization of $115.66 billion, a PE ratio of 25.27, a P/E/G ratio of 2.72 and a beta of 0.87. The TJX Companies, Inc. has a 52 week low of $75.65 and a 52 week 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 0.64. The company has a fifty day moving average price of $97.18 and a 200 day moving average price of $95.01.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The business had revenue of $12.48 billion for the quarter, compared to analyst estimates of $12.48 billion. During the same quarter in the previous year, the company posted $0.76 EPS. TJX Companies’s quarterly revenue was up 5.9% compared to the same quarter last year. As a group, analysts expect that The TJX Companies, Inc. will post 4.05 EPS for the current fiscal year.

TJX Companies Increases Dividend

The business also recently declared 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 represents a $1.50 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Wednesday, May 15th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s payout ratio is 37.22%.

TJX Companies declared that its board has authorized a share repurchase program on Wednesday, February 28th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the apparel and home fashions retailer to repurchase up to 2.2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

TJX has been the subject of a number of recent analyst reports. Redburn Atlantic cut TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective for the company. in a research report on Monday, February 5th. UBS Group raised their price objective on TJX Companies from $132.00 to $134.00 and gave the company a “buy” rating in a research report on Thursday. TD Cowen raised their price objective on TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 17th. BMO Capital Markets raised their price objective on TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. Finally, Sanford C. Bernstein raised their price objective on TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and an average price target of $110.05.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $98.83, for a total value of $266,248.02. Following the sale, the executive vice president now owns 50,273 shares in the company, valued at approximately $4,968,480.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, 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 value of $266,248.02. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $1,979,600.00. Following the completion of the transaction, the chief executive officer now directly owns 515,801 shares in the company, valued at $51,053,982.98. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

About TJX Companies

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.