Unique Wealth Strategies LLC Makes New Investment in The TJX Companies, Inc. (NYSE:TJX)

Unique Wealth Strategies LLC bought a new position in The TJX Companies, Inc. (NYSE:TJX) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 7,429 shares of the apparel and home fashions retailer’s stock, valued at approximately $697,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Penobscot Investment Management Company Inc. increased its holdings in TJX Companies by 35.5% in the 3rd quarter. Penobscot Investment Management Company Inc. now owns 73,466 shares of the apparel and home fashions retailer’s stock worth $6,530,000 after purchasing an additional 19,236 shares in the last quarter. Ferguson Wellman Capital Management Inc. increased its holdings in TJX Companies by 3.7% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 603,482 shares of the apparel and home fashions retailer’s stock worth $56,613,000 after purchasing an additional 21,767 shares in the last quarter. Savoir Faire Capital Management L.P. acquired a new position in TJX Companies in the 3rd quarter worth about $3,197,000. Gateway Investment Advisers LLC increased its holdings in TJX Companies by 42.9% in the 4th quarter. Gateway Investment Advisers LLC now owns 19,108 shares of the apparel and home fashions retailer’s stock worth $1,793,000 after purchasing an additional 5,737 shares in the last quarter. Finally, Cape Cod Five Cents Savings Bank increased its stake in shares of TJX Companies by 109.1% in the third quarter. Cape Cod Five Cents Savings Bank now owns 148,954 shares of the apparel and home fashions retailer’s stock valued at $13,239,000 after buying an additional 77,711 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TJX. UBS Group increased 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 increased 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. Telsey Advisory Group reissued an “outperform” rating and issued a $105.00 price target on shares of TJX Companies in a research note on Wednesday, February 28th. The Goldman Sachs Group raised TJX Companies from a “neutral” rating to a “buy” rating and increased their price target for the company from $100.00 to $110.00 in a research note on Thursday. Finally, Redburn Atlantic cut TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target for the company. in a research note on Monday, February 5th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $102.65.

Insiders Place Their Bets

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 stock was sold at an average price of $98.83, for a total value of $266,248.02. Following the transaction, the executive vice president now owns 50,273 shares in the company, valued at $4,968,480.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 stock was sold at an average price of $98.83, for a total value of $266,248.02. Following the transaction, the executive vice president now owns 50,273 shares in the company, valued at $4,968,480.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of the firm’s 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 completion of the transaction, the chief executive officer now owns 515,801 shares in the company, 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.

TJX Companies Stock Down 0.1 %

NYSE:TJX traded down $0.06 on Friday, hitting $96.36. The stock had a trading volume of 3,748,411 shares, compared to its average volume of 4,860,047. The business’s fifty day moving average is $97.33 and its 200 day moving average is $93.87. The company has a market cap of $109.17 billion, a PE ratio of 24.96, a P/E/G ratio of 2.48 and a beta of 0.86. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 0.39. The TJX Companies, Inc. has a 52 week low of $75.65 and a 52 week high of $102.84.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.10. The business had revenue of $16.41 billion for the quarter, compared to analyst estimates of $16.20 billion. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.89 earnings per share. On average, equities research analysts expect that The TJX Companies, Inc. will post 4.07 EPS for the current fiscal year.

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be issued a $0.375 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $1.50 annualized dividend and a yield of 1.56%. This is a positive change from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s dividend payout ratio is presently 38.86%.

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

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.