Wafra Inc. Has $23.67 Million Stake in TJX Companies Inc (TJX)

Wafra Inc. raised its stake in TJX Companies Inc (NYSE:TJX) by 100.0% in the 4th quarter, Holdings Channel reports. The firm owned 529,064 shares of the apparel and home fashions retailer’s stock after buying an additional 264,532 shares during the quarter. TJX Companies comprises 0.9% of Wafra Inc.’s investment portfolio, making the stock its 13th largest position. Wafra Inc.’s holdings in TJX Companies were worth $23,670,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TJX. Adirondack Trust Co. grew its holdings in TJX Companies by 100.0% during the fourth quarter. Adirondack Trust Co. now owns 580 shares of the apparel and home fashions retailer’s stock valued at $26,000 after purchasing an additional 290 shares during the period. Westside Investment Management Inc. grew its holdings in TJX Companies by 100.0% during the fourth quarter. Westside Investment Management Inc. now owns 600 shares of the apparel and home fashions retailer’s stock valued at $27,000 after purchasing an additional 300 shares during the period. Edge Wealth Management LLC grew its holdings in TJX Companies by 100.0% during the fourth quarter. Edge Wealth Management LLC now owns 650 shares of the apparel and home fashions retailer’s stock valued at $29,000 after purchasing an additional 325 shares during the period. Sterling Investment Advisors Ltd. grew its holdings in TJX Companies by 100.0% during the fourth quarter. Sterling Investment Advisors Ltd. now owns 660 shares of the apparel and home fashions retailer’s stock valued at $29,000 after purchasing an additional 330 shares during the period. Finally, San Francisco Sentry Investment Group CA grew its holdings in TJX Companies by 83.1% during the fourth quarter. San Francisco Sentry Investment Group CA now owns 782 shares of the apparel and home fashions retailer’s stock valued at $35,000 after purchasing an additional 355 shares during the period. 89.77% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have weighed in on TJX. Loop Capital increased their price objective on TJX Companies from $47.00 to $50.00 and gave the company a “hold” rating in a report on Wednesday, February 27th. MKM Partners increased their price objective on TJX Companies from $58.00 to $61.00 and gave the company a “buy” rating in a report on Thursday, February 28th. Cfra raised TJX Companies to a “buy” rating and set a $60.00 price target for the company in a report on Thursday, February 28th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $62.00 price target (up from $56.00) on shares of TJX Companies in a report on Thursday, February 28th. Finally, Credit Suisse Group raised their price target on TJX Companies from $50.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, February 28th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $55.06.

NYSE TJX opened at $52.34 on Monday. TJX Companies Inc has a twelve month low of $39.86 and a twelve month high of $56.64. The company has a current ratio of 1.53, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44. The stock has a market cap of $64.54 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 1.84 and a beta of 0.66.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, February 27th. The apparel and home fashions retailer reported $0.68 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.68. TJX Companies had a return on equity of 57.42% and a net margin of 7.85%. The business had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.01 billion. During the same quarter last year, the business posted $1.30 earnings per share. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, analysts predict that TJX Companies Inc will post 2.61 EPS for the current fiscal year.

TJX Companies declared that its board has approved a stock buyback program on Wednesday, February 27th that authorizes the company to repurchase $2.25 billion in outstanding shares. This repurchase authorization authorizes the apparel and home fashions retailer to buy up to 3.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

In other news, Director Amy B. Lane sold 1,000 shares of TJX Companies stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $51.79, for a total value of $51,790.00. Following the transaction, the director now owns 31,092 shares in the company, valued at $1,610,254.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by insiders.

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TJX Companies Company Profile

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

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

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