Horizon Family Wealth Inc. Takes $214,000 Position in The TJX Companies, Inc. (NYSE:TJX)

Horizon Family Wealth Inc. bought a new position in shares of The TJX Companies, Inc. (NYSE:TJXFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,280 shares of the apparel and home fashions retailer’s stock, valued at approximately $214,000.

A number of other institutional investors and hedge funds have also bought and sold shares of TJX. Anchor Investment Management LLC acquired a new stake in shares of TJX Companies during the 4th quarter worth approximately $28,000. BKM Wealth Management LLC acquired a new stake in TJX Companies during the fourth quarter worth $30,000. Larson Financial Group LLC increased its holdings in 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 buying an additional 168 shares during the period. BOK Financial Private Wealth Inc. acquired a new position in shares of TJX Companies in the 4th quarter valued at $40,000. Finally, Gradient Investments LLC lifted its holdings 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 acquiring an additional 222 shares during the period. Institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling

In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the transaction, the executive vice president now directly owns 50,273 shares in the company, valued at approximately $4,968,480.59. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction 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 completion of the sale, the chief executive officer now directly 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 SEC, which can be accessed through the SEC website. Also, EVP Louise Greenlees sold 2,694 shares of the stock in a transaction dated 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 in the company, valued at approximately $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 recently weighed in on TJX. UBS Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and upped their target price for the company from $104.00 to $132.00 in a research note on Thursday, May 2nd. Redburn Atlantic lowered TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective on the stock. in a research note on Monday, February 5th. Telsey Advisory Group restated an “outperform” rating and set a $105.00 target price on shares of TJX Companies in a research report on Wednesday, February 28th. The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and upped their price target for the company from $100.00 to $110.00 in a research report on Thursday, April 25th. Finally, BMO Capital Markets lifted their price objective on TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $104.29.

Check Out Our Latest Stock Report on TJX

TJX Companies Price Performance

Shares of NYSE TJX traded down $0.18 during trading on Wednesday, reaching $98.48. The company had a trading volume of 4,243,060 shares, compared to its average volume of 5,073,665. The TJX Companies, Inc. has a 52 week low of $75.65 and a 52 week high of $102.84. The business’s 50 day moving average price is $96.86 and its 200-day moving average price is $94.59. The stock has a market cap of $111.57 billion, a PE ratio of 25.64, a PEG ratio of 2.52 and a beta of 0.87. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.64 and a current ratio of 1.21.

TJX Companies (NYSE:TJXGet Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.10. The firm had revenue of $16.41 billion during the quarter, compared to analysts’ expectations 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 was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.89 EPS. Analysts expect that The TJX Companies, Inc. will post 4.1 earnings per share for the current year.

TJX Companies announced that its Board of Directors has authorized a share repurchase plan on Wednesday, February 28th that permits the company to repurchase $2.50 billion in outstanding 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 generally a sign that the company’s board of directors believes its stock is undervalued.

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be issued a $0.375 dividend. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.50 annualized dividend and a yield of 1.52%. TJX Companies’s dividend payout ratio (DPR) is currently 34.46%.

About TJX Companies

(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.

See Also

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

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