DAVENPORT & Co LLC Grows Holdings in The TJX Companies, Inc. (NYSE:TJX)

DAVENPORT & Co LLC raised its position in The TJX Companies, Inc. (NYSE:TJXFree Report) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 891,317 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,905 shares during the period. DAVENPORT & Co LLC’s holdings in TJX Companies were worth $83,364,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fairfield Bush & CO. purchased a new position in shares of TJX Companies during the 1st quarter worth about $68,000. United Bank lifted its holdings in shares of TJX Companies by 9.2% during the 1st quarter. United Bank now owns 15,197 shares of the apparel and home fashions retailer’s stock worth $921,000 after acquiring an additional 1,284 shares during the period. AMI Investment Management Inc. purchased a new position in shares of TJX Companies during the 1st quarter worth about $2,780,000. Cetera Investment Advisers lifted its holdings in shares of TJX Companies by 69.0% during the 1st quarter. Cetera Investment Advisers now owns 38,304 shares of the apparel and home fashions retailer’s stock worth $2,320,000 after acquiring an additional 15,644 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of TJX Companies by 10.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 4,396 shares of the apparel and home fashions retailer’s stock worth $266,000 after acquiring an additional 398 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at TJX Companies

In other news, EVP Louise Greenlees sold 2,694 shares of the firm’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 transaction of $266,248.02. Following the completion of the sale, the executive vice president now owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Louise Greenlees sold 2,694 shares of the firm’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 transaction of $266,248.02. Following the completion of the sale, the executive vice president now owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ernie Herrman sold 20,000 shares of the firm’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 transaction of $1,979,600.00. Following the sale, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TJX. UBS Group increased their price objective on shares of TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Redburn Atlantic lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective on the stock. in a report on Monday, February 5th. 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, Telsey Advisory Group restated an “outperform” rating and issued a $105.00 price target 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, the company has an average rating of “Moderate Buy” and a consensus target price of $102.19.

Read Our Latest Analysis on TJX Companies

TJX Companies Stock Down 0.2 %

NYSE:TJX traded down $0.24 during trading hours on Tuesday, hitting $99.46. The stock had a trading volume of 4,350,073 shares, compared to its average volume of 5,029,884. 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 TJX Companies, Inc. has a 1-year low of $75.65 and a 1-year high of $102.84. The business has a 50 day simple moving average of $97.95 and a two-hundred day simple moving average of $93.11. The company has a market cap of $112.75 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 2.61 and a beta of 0.86.

TJX Companies (NYSE:TJXGet Free Report) last issued its quarterly earnings data 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. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The company had revenue of $16.41 billion during the quarter, compared to the consensus estimate of $16.20 billion. During the same quarter last year, the company earned $0.89 earnings per share. TJX Companies’s revenue for the quarter was up 13.0% on a year-over-year basis. Analysts predict that The TJX Companies, Inc. will post 4.06 EPS for the current year.

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

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.51%. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s dividend payout ratio (DPR) is presently 34.46%.

TJX Companies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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