The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Everence Capital Management Inc.

Everence Capital Management Inc. raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 22.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,543 shares of the apparel and home fashions retailer’s stock after purchasing an additional 6,760 shares during the period. Everence Capital Management Inc.’s holdings in TJX Companies were worth $3,522,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Anchor Investment Management LLC acquired a new position in shares of TJX Companies during the fourth quarter worth $28,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of TJX Companies during the third quarter worth $29,000. BKM Wealth Management LLC acquired a new position in shares of TJX Companies during the fourth quarter worth $30,000. ICA Group Wealth Management LLC acquired a new position in shares of TJX Companies during the fourth quarter worth $27,000. Finally, Cornerstone Planning Group LLC acquired a new position in shares of TJX Companies during the second quarter worth $33,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TJX has been the topic of several research reports. BMO Capital Markets upped their target price on TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $105.00 price target on shares of TJX Companies in a report on Wednesday, February 28th. Redburn Atlantic lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target on the stock. in a report on Monday, February 5th. Finally, UBS Group upped their price target on shares of TJX Companies from $95.00 to $104.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and an average price target of $102.19.

TJX Companies Price Performance

Shares of TJX stock traded up $0.40 during mid-day trading on Tuesday, hitting $93.38. 4,000,645 shares of the stock were exchanged, compared to its average volume of 5,034,632. The company has a market cap of $105.80 billion, a PE ratio of 24.09, a price-to-earnings-growth ratio of 2.43 and a beta of 0.86. The TJX Companies, Inc. has a 52-week low of $75.65 and a 52-week high of $102.84. The firm has a fifty day moving average of $97.97 and a 200 day moving average of $93.57. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 0.39.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.10. The firm had revenue of $16.41 billion for the quarter, compared to analyst estimates of $16.20 billion. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. TJX Companies’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period last year, the company posted $0.89 EPS. Research analysts anticipate that The TJX Companies, Inc. will post 4.07 earnings per share for the current year.

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be paid a $0.375 dividend. The ex-dividend date is Wednesday, May 15th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 dividend on an annualized basis and a yield of 1.61%. TJX Companies’s dividend payout ratio (DPR) is currently 34.46%.

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

Insider Activity at TJX Companies

In related 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 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 filing with the Securities & Exchange Commission, which is available at this link. In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the 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 completion of 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ernie Herrman sold 20,000 shares of the 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 approximately $51,053,982.98. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

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.