Vestmark Advisory Solutions Inc. Has $3.17 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Vestmark Advisory Solutions Inc. raised its position in The TJX Companies, Inc. (NYSE:TJX) by 323.9% in the 4th quarter, HoldingsChannel reports. The fund owned 33,813 shares of the apparel and home fashions retailer’s stock after purchasing an additional 25,837 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in TJX Companies were worth $3,172,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Anchor Investment Management LLC acquired a new position in shares of TJX Companies in the 4th quarter worth approximately $28,000. BKM Wealth Management LLC bought a new position in shares of TJX Companies during the fourth quarter valued at $30,000. Larson Financial Group LLC boosted its stake in shares of TJX Companies by 76.0% in the 3rd quarter. Larson Financial Group LLC now owns 389 shares of the apparel and home fashions retailer’s stock valued at $35,000 after purchasing an additional 168 shares in the last quarter. BOK Financial Private Wealth Inc. bought a new stake in shares of TJX Companies in the 4th quarter worth about $40,000. Finally, Gradient Investments LLC increased its position in shares of TJX Companies by 86.7% during the 4th quarter. Gradient Investments LLC now owns 478 shares of the apparel and home fashions retailer’s stock worth $45,000 after purchasing an additional 222 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Up 0.2 %

NYSE:TJX traded up $0.20 during mid-day trading on Friday, hitting $95.11. The company had a trading volume of 5,894,076 shares, compared to its average volume of 5,182,456. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.64 and a current ratio of 1.21. The TJX Companies, Inc. has a fifty-two week low of $75.65 and a fifty-two week high of $102.84. The firm has a market cap of $107.76 billion, a P/E ratio of 24.64, a P/E/G ratio of 2.44 and a beta of 0.87. The business’s fifty day moving average is $96.94 and its two-hundred day moving average is $94.06.

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 for the quarter, beating analysts’ consensus estimates of $1.12 by $0.10. The business had revenue of $16.41 billion for the quarter, compared to the consensus estimate 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 period last year, the company posted $0.89 EPS. As a group, research analysts expect that The TJX Companies, Inc. will post 4.07 earnings per share for the current year.

TJX Companies declared that its Board of Directors has approved a stock 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 reacquire up to 2.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

TJX Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Wednesday, May 15th. 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%.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, 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 completion of the transaction, the executive vice president now directly owns 50,273 shares in the company, valued at $4,968,480.59. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Ernie Herrman sold 20,000 shares of the business’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 sale, 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.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on TJX shares. BMO Capital Markets boosted their target price on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and increased their target price for the stock from $100.00 to $110.00 in a report on Thursday, April 25th. 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 report on Monday, February 5th. Telsey Advisory Group reissued an “outperform” rating and set a $105.00 price objective on shares of TJX Companies in a report on Wednesday, February 28th. Finally, UBS Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $104.00 to $132.00 in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.29.

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.