Lmcg Investments LLC Invests $209,000 in The TJX Companies, Inc. (NYSE:TJX)

Lmcg Investments LLC bought a new stake in The TJX Companies, Inc. (NYSE:TJXFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,232 shares of the apparel and home fashions retailer’s stock, valued at approximately $209,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. FMR LLC increased its holdings 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 buying an additional 6,036,764 shares during the last quarter. Schroder Investment Management Group increased its stake in shares of TJX Companies by 350.9% during the 3rd 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 last quarter. Assenagon Asset Management S.A. raised its holdings in shares of TJX Companies by 225.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,137,256 shares of the apparel and home fashions retailer’s stock valued at $189,959,000 after purchasing an additional 1,480,837 shares during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in TJX Companies in the 3rd quarter valued at about $115,982,000. Finally, Qube Research & Technologies Ltd grew its holdings in TJX Companies by 105.9% during the third quarter. Qube Research & Technologies Ltd now owns 2,378,802 shares of the apparel and home fashions retailer’s stock worth $211,428,000 after purchasing an additional 1,223,303 shares during the period. Institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TJX. BMO Capital Markets upped their price objective 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 reaffirmed an “outperform” rating and set a $105.00 price objective on shares of TJX Companies in a research report on Wednesday, February 28th. UBS Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $104.00 to $132.00 in a research report on Thursday, May 2nd. The Goldman Sachs Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $100.00 to $110.00 in a report on Thursday, April 25th. Finally, Redburn Atlantic cut shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target on the stock. in a report on Monday, February 5th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $104.29.

Check Out Our Latest Stock Analysis on TJX Companies

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $98.98, for a total value of $1,979,600.00. Following the sale, the chief executive officer now owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Louise Greenlees sold 2,694 shares of the company’s stock in a transaction 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 transaction, the executive vice president now directly owns 50,273 shares in the company, valued at $4,968,480.59. The sale was disclosed in a document filed 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 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 sale, the chief executive officer now directly owns 515,801 shares in the company, valued at approximately $51,053,982.98. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

TJX Companies stock traded down $0.18 during mid-day trading on Wednesday, reaching $98.48. 4,243,060 shares of the company were exchanged, compared to its average volume of 5,073,665. The company has a fifty day simple moving average of $96.86 and a 200-day simple moving average of $94.59. The firm 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 current ratio of 1.21 and a quick ratio of 0.64. The TJX Companies, Inc. has a 12 month low of $75.65 and a 12 month high of $102.84.

TJX Companies (NYSE:TJXGet Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.10. The business had revenue of $16.41 billion during the quarter, compared to the consensus estimate of $16.20 billion. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. TJX Companies’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.89 earnings per share. As a group, equities research analysts expect that The TJX Companies, Inc. will post 4.1 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The company 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 $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.52%. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, May 15th. TJX Companies’s dividend payout ratio (DPR) is 34.46%.

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

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.

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

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