Berry Wealth Group LP Invests $529,000 in The TJX Companies, Inc. (NYSE:TJX)

Berry Wealth Group LP acquired a new stake in The TJX Companies, Inc. (NYSE:TJX) in the 4th quarter, Holdings Channel.com reports. The fund acquired 5,643 shares of the apparel and home fashions retailer’s stock, valued at approximately $529,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TJX. Linden Thomas Advisory Services LLC acquired a new position in TJX Companies in the 3rd quarter valued at $235,000. Commonwealth Equity Services LLC raised its holdings in TJX Companies by 0.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 279,593 shares of the apparel and home fashions retailer’s stock valued at $24,850,000 after acquiring an additional 1,187 shares in the last quarter. Vicus Capital raised its holdings in TJX Companies by 105.0% in the 3rd quarter. Vicus Capital now owns 5,653 shares of the apparel and home fashions retailer’s stock valued at $502,000 after acquiring an additional 2,896 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new position in TJX Companies in the 3rd quarter valued at $193,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in TJX Companies by 7.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 176,852 shares of the apparel and home fashions retailer’s stock valued at $15,719,000 after acquiring an additional 12,830 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on TJX shares. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $105.00 price objective on shares of TJX Companies in a report on Wednesday, February 28th. UBS Group lifted 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. BMO Capital Markets lifted their price target on TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and lifted their price target for the company from $100.00 to $110.00 in a research note on Thursday, April 25th. Finally, Redburn Atlantic lowered TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target on the stock. in a research note on Monday, February 5th. Three equities research 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $102.65.

TJX Companies Stock Down 0.2 %

TJX stock traded down $0.18 during trading on Wednesday, reaching $93.91. 2,106,057 shares of the stock were exchanged, compared to its average volume of 5,014,050. The firm’s 50 day moving average is $97.20 and its 200 day moving average is $94.02. The TJX Companies, Inc. has a twelve month low of $75.65 and a twelve month high of $102.84. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 0.39. The firm has a market cap of $106.40 billion, a P/E ratio of 24.38, a price-to-earnings-growth ratio of 2.44 and a beta of 0.86.

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 for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The business had revenue of $16.41 billion for the quarter, compared to the consensus estimate of $16.20 billion. During the same period in the prior year, the business earned $0.89 EPS. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. As a group, research analysts forecast that The TJX Companies, Inc. will post 4.07 EPS for the current year.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be paid a $0.375 dividend. The ex-dividend date is Wednesday, May 15th. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 annualized dividend and a dividend yield of 1.60%. TJX Companies’s dividend payout ratio is 34.46%.

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

Insider Transactions at TJX Companies

In other news, EVP Louise Greenlees sold 2,694 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Louise Greenlees sold 2,694 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

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.