Keel Point LLC Buys 121 Shares of The TJX Companies, Inc. (NYSE:TJX)

Keel Point LLC grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,231 shares of the apparel and home fashions retailer’s stock after acquiring an additional 121 shares during the quarter. Keel Point LLC’s holdings in TJX Companies were worth $397,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Bison Wealth LLC lifted its stake in TJX Companies by 2.5% during the 4th quarter. Bison Wealth LLC now owns 10,435 shares of the apparel and home fashions retailer’s stock valued at $979,000 after acquiring an additional 257 shares during the period. Dakota Wealth Management lifted its position in TJX Companies by 115.5% during the fourth quarter. Dakota Wealth Management now owns 53,371 shares of the apparel and home fashions retailer’s stock valued at $5,007,000 after purchasing an additional 28,610 shares during the period. Cullen Investment Group LTD. purchased a new stake in TJX Companies in the fourth quarter worth approximately $1,700,000. BOK Financial Private Wealth Inc. bought a new stake in TJX Companies in the 4th quarter worth approximately $40,000. Finally, MBM Wealth Consultants LLC purchased a new stake in TJX Companies during the 4th quarter valued at $200,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

TJX has been the subject of several research analyst reports. UBS Group lifted their price objective on TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Redburn Atlantic downgraded TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective for the company. in a research note on Monday, February 5th. BMO Capital Markets upped their price objective on 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 reaffirmed an “outperform” rating and set a $105.00 price objective 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $102.19.

TJX Companies Trading Up 0.4 %

Shares of TJX stock opened at $93.39 on Wednesday. The company has a market cap of $105.81 billion, a PE ratio of 24.19, a price-to-earnings-growth ratio of 2.39 and a beta of 0.86. The TJX Companies, Inc. has a 1 year low of $75.65 and a 1 year high of $102.84. The stock’s 50 day simple moving average is $97.89 and its two-hundred day simple moving average is $93.60. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.21 and a quick ratio of 0.64.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data 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 business had revenue of $16.41 billion for 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%. The business’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.89 earnings per share. Research analysts predict that The TJX Companies, Inc. will post 4.07 earnings per share for the current 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. 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 dividend yield of 1.61%. The ex-dividend date of this dividend is Wednesday, May 15th. TJX Companies’s dividend payout ratio (DPR) is currently 34.46%.

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

Insider Activity at TJX Companies

In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the stock in a transaction on 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 $4,968,480.59. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the firm’s 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 owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction, the executive vice president now directly owns 50,273 shares in the company, valued at $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.