The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by Procyon Advisors LLC

Procyon Advisors LLC raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 27.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 44,779 shares of the apparel and home fashions retailer’s stock after purchasing an additional 9,652 shares during the quarter. Procyon Advisors LLC’s holdings in TJX Companies were worth $4,201,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in TJX Companies by 0.4% in the third quarter. Vanguard Group Inc. now owns 95,135,688 shares of the apparel and home fashions retailer’s stock valued at $8,455,660,000 after buying an additional 392,783 shares in the last quarter. BlackRock Inc. raised its position in shares of TJX Companies by 0.6% during the 2nd quarter. BlackRock Inc. now owns 80,105,413 shares of the apparel and home fashions retailer’s stock worth $6,792,138,000 after acquiring an additional 495,302 shares in the last quarter. FMR LLC lifted its stake in TJX Companies by 13.1% during the third quarter. FMR LLC now owns 52,008,484 shares of the apparel and home fashions retailer’s stock worth $4,622,514,000 after purchasing an additional 6,036,764 shares during the last quarter. State Street Corp boosted its holdings in TJX Companies by 4.5% in the second quarter. State Street Corp now owns 46,543,024 shares of the apparel and home fashions retailer’s stock valued at $3,946,383,000 after purchasing an additional 1,990,407 shares in the last quarter. Finally, Morgan Stanley increased its stake in TJX Companies by 88.1% in the fourth quarter. Morgan Stanley now owns 26,619,778 shares of the apparel and home fashions retailer’s stock valued at $2,118,935,000 after purchasing an additional 12,468,119 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 50,273 shares in the company, valued at approximately $4,968,480.59. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $98.98, for a total value 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. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TJX has been the topic of several research analyst reports. UBS Group lifted their price target on shares of TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. BMO Capital Markets lifted their target price on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Redburn Atlantic cut 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, Telsey Advisory Group reaffirmed an “outperform” rating and set a $105.00 price target on shares of TJX Companies in a research report on Wednesday, February 28th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and an average target price of $102.19.

TJX Companies Stock Performance

NYSE:TJX traded up $0.77 during midday trading on Thursday, reaching $101.85. The stock had a trading volume of 283,689 shares, compared to its average volume of 4,986,625. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 0.39. The stock has a market cap of $115.46 billion, a P/E ratio of 26.19, a P/E/G ratio of 2.56 and a beta of 0.86. The firm has a fifty day simple moving average of $97.47 and a two-hundred day simple moving average of $92.88. The TJX Companies, Inc. has a 12-month low of $75.65 and a 12-month high of $102.84.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.10. The business had revenue of $16.41 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm earned $0.89 earnings per share. On average, equities analysts expect that The TJX Companies, Inc. will post 4.06 EPS for the current year.

TJX Companies announced that its board has authorized a stock buyback plan on Wednesday, February 28th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the apparel and home fashions retailer to reacquire up to 2.2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

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.