Carl P. Sherr & Co. LLC Trims Holdings in The TJX Companies, Inc. (NYSE:TJX)

Carl P. Sherr & Co. LLC trimmed its stake in The TJX Companies, Inc. (NYSE:TJX) by 11.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 12,154 shares of the apparel and home fashions retailer’s stock after selling 1,498 shares during the period. Carl P. Sherr & Co. LLC’s holdings in TJX Companies were worth $1,140,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. ICA Group Wealth Management LLC purchased a new stake in shares of TJX Companies in the 4th quarter valued at approximately $27,000. Anchor Investment Management LLC purchased a new stake in TJX Companies during the 4th quarter worth approximately $28,000. Householder Group Estate & Retirement Specialist LLC purchased a new stake in TJX Companies during the 3rd quarter worth approximately $29,000. BKM Wealth Management LLC purchased a new stake in TJX Companies during the 4th quarter worth approximately $30,000. Finally, Cornerstone Planning Group LLC purchased a new stake in TJX Companies during the 2nd quarter worth approximately $33,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Up 0.4 %

Shares of TJX Companies stock traded up $0.40 during trading hours on Wednesday, hitting $93.38. The company had a trading volume of 4,063,743 shares, compared to its average volume of 4,992,108. The company’s 50-day moving average is $97.89 and its two-hundred day moving average is $93.60. The TJX Companies, Inc. has a twelve month low of $75.65 and a twelve month high of $102.84. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.21 and a quick ratio of 0.64. The company has a market cap of $105.80 billion, a P/E ratio of 24.19, a price-to-earnings-growth ratio of 2.39 and a beta of 0.86.

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, topping analysts’ consensus estimates of $1.12 by $0.10. The firm had revenue of $16.41 billion during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the business earned $0.89 EPS. Analysts anticipate that The TJX Companies, Inc. will post 4.07 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The firm 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 dividend of $0.375 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.50 dividend on an annualized basis and a yield of 1.61%. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s dividend payout ratio is currently 34.46%.

TJX Companies declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 28th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the apparel and home fashions retailer to reacquire up to 2.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

TJX has been the topic of several recent research reports. UBS Group upped their target price 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. Redburn Atlantic downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 target price on the stock. in a research note on Monday, February 5th. BMO Capital Markets upped their target price on shares of TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $105.00 price target on shares of TJX Companies in a report on Wednesday, February 28th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $102.19.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now owns 515,801 shares in the company, valued at approximately $51,053,982.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now owns 515,801 shares in the company, valued at approximately $51,053,982.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Louise Greenlees sold 2,694 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $98.83, for a total transaction of $266,248.02. Following the transaction, the executive vice president now owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is owned by company 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.