4,250 Shares in The TJX Companies, Inc. (NYSE:TJX) Purchased by Cypress Asset Management Inc. TX

Cypress Asset Management Inc. TX bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,250 shares of the apparel and home fashions retailer’s stock, valued at approximately $399,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in TJX Companies during the fourth quarter worth about $1,193,438,000. FMR LLC lifted its stake in TJX Companies by 13.1% during the third quarter. FMR LLC now owns 52,008,484 shares of the apparel and home fashions retailer’s stock worth $4,622,514,000 after purchasing an additional 6,036,764 shares during the period. Schroder Investment Management Group lifted its stake in TJX Companies by 350.9% during the third quarter. Schroder Investment Management Group now owns 2,078,244 shares of the apparel and home fashions retailer’s stock worth $184,714,000 after purchasing an additional 1,617,367 shares during the period. Assenagon Asset Management S.A. lifted its stake in TJX Companies by 225.6% during the third quarter. Assenagon Asset Management S.A. now owns 2,137,256 shares of the apparel and home fashions retailer’s stock worth $189,959,000 after purchasing an additional 1,480,837 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new position in TJX Companies during the third quarter worth about $115,982,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction dated Thursday, March 21st. The stock was 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Ernie Herrman sold 20,000 shares of the 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 completion of 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 document filed with the SEC, which is available at this link. Also, EVP Louise Greenlees sold 2,694 shares of the stock in a transaction dated 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 $4,968,480.59. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TJX. Sanford C. Bernstein lifted their target price on shares of TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday. TD Cowen lifted their target price on shares of TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, May 17th. UBS Group lifted their target price on shares of TJX Companies from $132.00 to $134.00 and gave the company a “buy” rating in a research note on Thursday. BMO Capital Markets lifted their target price on shares of TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a research note 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 target price for the company. in a research note on Monday, February 5th. Two equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.05.

TJX Companies Trading Up 1.7 %

Shares of TJX stock traded up $1.74 on Friday, hitting $101.90. The stock had a trading volume of 3,632,296 shares, compared to its average volume of 5,223,323. The TJX Companies, Inc. has a twelve month low of $75.65 and a twelve month high of $104.98. The firm has a market cap of $115.45 billion, a P/E ratio of 25.27, a PEG ratio of 2.72 and a beta of 0.87. The company has a current ratio of 1.23, a quick ratio of 0.64 and a debt-to-equity ratio of 0.38. The company has a fifty day moving average price of $97.18 and a two-hundred day moving average price of $95.01.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.06. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The company had revenue of $12.48 billion during the quarter, compared to analyst estimates of $12.48 billion. During the same quarter in the previous year, the business earned $0.76 EPS. The firm’s revenue was up 5.9% on a year-over-year basis. As a group, analysts forecast that The TJX Companies, Inc. will post 4.05 earnings per share for the current fiscal year.

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

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Wednesday, May 15th. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s dividend payout ratio is 37.22%.

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.