Fiduciary Group LLC Has $1.56 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Fiduciary Group LLC reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 16,621 shares of the apparel and home fashions retailer’s stock after selling 625 shares during the period. Fiduciary Group LLC’s holdings in TJX Companies were worth $1,559,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Tandem Investment Advisors Inc. increased its stake in shares of TJX Companies by 1.8% in the 4th quarter. Tandem Investment Advisors Inc. now owns 5,846 shares of the apparel and home fashions retailer’s stock worth $548,000 after acquiring an additional 106 shares in the last quarter. Alhambra Investment Management LLC raised its stake in TJX Companies by 2.0% during the fourth quarter. Alhambra Investment Management LLC now owns 5,433 shares of the apparel and home fashions retailer’s stock valued at $510,000 after buying an additional 108 shares during the last quarter. J.Safra Asset Management Corp boosted its holdings in TJX Companies by 9.9% in the fourth quarter. J.Safra Asset Management Corp now owns 1,196 shares of the apparel and home fashions retailer’s stock worth $112,000 after acquiring an additional 108 shares in the last quarter. BSW Wealth Partners grew its stake in shares of TJX Companies by 2.0% in the fourth quarter. BSW Wealth Partners now owns 5,623 shares of the apparel and home fashions retailer’s stock worth $528,000 after acquiring an additional 109 shares during the last quarter. Finally, Insight Advisors LLC PA increased its holdings in shares of TJX Companies by 3.1% during the fourth quarter. Insight Advisors LLC PA now owns 3,757 shares of the apparel and home fashions retailer’s stock valued at $352,000 after acquiring an additional 112 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

TJX Companies Trading Up 0.0 %

Shares of TJX stock opened at $96.39 on Monday. The stock has a fifty day simple moving average of $97.33 and a two-hundred day simple moving average of $93.94. The TJX Companies, Inc. has a 52-week low of $75.65 and a 52-week high of $102.84. The firm has a market capitalization of $109.21 billion, a PE ratio of 24.96, a PEG ratio of 2.48 and a beta of 0.86. 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 issued its 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 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 revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.89 earnings per share. On average, analysts predict that The TJX Companies, Inc. will post 4.07 EPS for the current fiscal year.

TJX Companies announced that its Board of Directors has initiated a share buyback program on Wednesday, February 28th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the apparel and home fashions retailer to repurchase up to 2.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be paid a $0.375 dividend. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, May 15th. This represents a $1.50 dividend on an annualized basis and a yield of 1.56%. TJX Companies’s payout ratio is presently 34.46%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. The Goldman Sachs Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $100.00 to $110.00 in a report on Thursday. Telsey Advisory Group reaffirmed an “outperform” rating and set a $105.00 price target on shares of TJX Companies in a report on Wednesday, February 28th. 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. BMO Capital Markets raised their price target on shares of TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. Finally, Redburn Atlantic cut 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. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.65.

TJX Companies Company 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.