Advisory Services Network LLC Lowers Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Advisory Services Network LLC trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 80,638 shares of the apparel and home fashions retailer’s stock after selling 2,061 shares during the period. Advisory Services Network LLC’s holdings in TJX Companies were worth $7,565,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in TJX. Frazier Financial Advisors LLC acquired a new position in TJX Companies in the 4th quarter worth $27,000. Anchor Investment Management LLC bought a new position in shares of TJX Companies in the fourth quarter valued at approximately $28,000. BKM Wealth Management LLC bought a new position in shares of TJX Companies in the fourth quarter valued at approximately $30,000. Larson Financial Group LLC boosted its holdings in TJX Companies by 76.0% during the third quarter. Larson Financial Group LLC now owns 389 shares of the apparel and home fashions retailer’s stock worth $35,000 after buying an additional 168 shares in the last quarter. Finally, Sachetta LLC bought a new stake in TJX Companies during the fourth quarter worth approximately $38,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Louise Greenlees sold 2,694 shares of the firm’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related 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 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 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 transaction, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

TJX Companies Stock Up 2.0 %

Shares of TJX traded up $1.98 during mid-day trading on Friday, hitting $102.14. 5,625,167 shares of the company’s stock were exchanged, compared to its average volume of 5,899,514. The firm has a fifty day moving average of $97.27 and a two-hundred day moving average of $95.09. The TJX Companies, Inc. has a twelve month low of $75.65 and a twelve month high of $104.98. The stock has a market cap of $115.72 billion, a price-to-earnings ratio of 25.34, a P/E/G ratio of 2.67 and a beta of 0.87. The company has a quick ratio of 0.64, a current ratio of 1.23 and a debt-to-equity ratio of 0.38.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, beating 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 EPS. TJX Companies’s revenue was up 5.9% compared to the same quarter last year. On average, sell-side analysts forecast that The TJX Companies, Inc. will post 4.08 earnings per share for the current year.

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

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 annualized dividend and a 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 currently 37.22%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TJX shares. Robert W. Baird raised their target price on shares of TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Thursday. TD Cowen raised their target price on shares of TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Telsey Advisory Group upped their price target on shares of TJX Companies from $112.00 to $115.00 and gave the company an “outperform” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft set a $114.00 price target on shares of TJX Companies in a research report on Tuesday. Finally, Evercore ISI set a $113.00 price target on shares of TJX Companies in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and a consensus target price of $110.05.

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.