Bfsg LLC Has $6.05 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Bfsg LLC decreased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 64,529 shares of the apparel and home fashions retailer’s stock after selling 519 shares during the period. TJX Companies accounts for about 0.9% of Bfsg LLC’s holdings, making the stock its 29th largest position. Bfsg LLC’s holdings in TJX Companies were worth $6,053,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. International Assets Investment Management LLC raised its stake in TJX Companies by 6.2% during the 3rd quarter. International Assets Investment Management LLC now owns 10,446 shares of the apparel and home fashions retailer’s stock valued at $920,000 after purchasing an additional 613 shares during the last quarter. IFP Advisors Inc raised its position in shares of TJX Companies by 11.8% during the third quarter. IFP Advisors Inc now owns 5,153 shares of the apparel and home fashions retailer’s stock valued at $458,000 after buying an additional 542 shares during the last quarter. RFG Advisory LLC lifted its stake in shares of TJX Companies by 60.2% in the third quarter. RFG Advisory LLC now owns 5,902 shares of the apparel and home fashions retailer’s stock valued at $525,000 after buying an additional 2,218 shares during the period. Douglas Lane & Associates LLC acquired a new stake in TJX Companies during the third quarter worth about $220,000. Finally, Avior Wealth Management LLC increased its stake in TJX Companies by 3.3% during the third quarter. Avior Wealth Management LLC now owns 3,728 shares of the apparel and home fashions retailer’s stock valued at $331,000 after acquiring an additional 119 shares during the period. 91.09% of the stock is owned by institutional investors.

TJX Companies Trading Down 0.1 %

TJX traded down $0.06 during mid-day trading on Thursday, reaching $95.22. The stock had a trading volume of 1,525,506 shares, compared to its average volume of 5,013,524. The firm’s fifty day simple moving average is $97.39 and its two-hundred day simple moving average is $93.80. The stock has a market capitalization of $107.88 billion, a P/E ratio of 24.63, a P/E/G 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 company has a debt-to-equity ratio of 0.39, a quick ratio of 0.64 and a current ratio of 1.21.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) 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 analysts’ expectations of $16.20 billion. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.89 earnings per share. On average, equities analysts predict that The TJX Companies, Inc. will post 4.07 EPS for the current year.

TJX Companies declared that its board has initiated a share buyback program on Wednesday, February 28th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the apparel and home fashions retailer to repurchase up to 2.2% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its shares are undervalued.

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 represents a $1.50 dividend on an annualized basis and a dividend yield of 1.58%. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, May 15th. TJX Companies’s payout ratio is 34.46%.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 515,801 shares in the company, valued at approximately $51,053,982.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction that occurred 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 directly owns 50,273 shares in the company, valued at approximately $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TJX shares. Redburn Atlantic downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective for the company. in a report on Monday, February 5th. Telsey Advisory Group restated an “outperform” rating and set a $105.00 price target on shares of TJX Companies in a research note on Wednesday, February 28th. BMO Capital Markets lifted their price objective on TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. The Goldman Sachs Group raised TJX Companies from a “neutral” rating to a “buy” rating and increased their target price for the stock from $100.00 to $110.00 in a report on Thursday. Finally, UBS Group boosted their price target on TJX Companies from $95.00 to $104.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $102.65.

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.