TJX Companies Inc (TJX) Shares Sold by Chartwell Investment Partners LLC

Chartwell Investment Partners LLC reduced its stake in shares of TJX Companies Inc (NYSE:TJX) by 36.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 57,930 shares of the apparel and home fashions retailer’s stock after selling 33,546 shares during the period. Chartwell Investment Partners LLC’s holdings in TJX Companies were worth $3,082,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of TJX. Nalls Sherbakoff Group LLC bought a new stake in TJX Companies in the fourth quarter worth $25,000. Adirondack Trust Co. lifted its stake in TJX Companies by 100.0% in the fourth quarter. Adirondack Trust Co. now owns 580 shares of the apparel and home fashions retailer’s stock worth $26,000 after purchasing an additional 290 shares during the last quarter. Westside Investment Management Inc. lifted its stake in TJX Companies by 100.0% in the fourth quarter. Westside Investment Management Inc. now owns 600 shares of the apparel and home fashions retailer’s stock worth $27,000 after purchasing an additional 300 shares during the last quarter. Edge Wealth Management LLC lifted its stake in TJX Companies by 100.0% in the fourth quarter. Edge Wealth Management LLC now owns 650 shares of the apparel and home fashions retailer’s stock worth $29,000 after purchasing an additional 325 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. lifted its stake in TJX Companies by 100.0% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 660 shares of the apparel and home fashions retailer’s stock worth $29,000 after purchasing an additional 330 shares during the last quarter. 89.88% of the stock is owned by institutional investors.

In related news, Director Amy B. Lane sold 1,625 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $54.00, for a total transaction of $87,750.00. Following the transaction, the director now owns 27,842 shares in the company, valued at $1,503,468. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Amy B. Lane sold 1,000 shares of the business’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $51.79, for a total transaction of $51,790.00. Following the transaction, the director now owns 31,092 shares in the company, valued at approximately $1,610,254.68. The disclosure for this sale can be found here. Insiders have sold 84,498 shares of company stock worth $4,558,772 in the last quarter. 0.20% of the stock is owned by corporate insiders.

TJX stock opened at $54.24 on Tuesday. TJX Companies Inc has a 12-month low of $40.65 and a 12-month high of $56.64. The stock has a market capitalization of $65.86 billion, a price-to-earnings ratio of 25.71, a PEG ratio of 1.90 and a beta of 0.66. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.70 and a current ratio of 1.53.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, February 27th. The apparel and home fashions retailer reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.09). TJX Companies had a net margin of 7.85% and a return on equity of 57.42%. The firm had revenue of $11.13 billion during the quarter, compared to analysts’ expectations of $11.01 billion. During the same quarter in the previous year, the firm posted $1.30 EPS. TJX Companies’s revenue was up 1.5% compared to the same quarter last year. As a group, equities analysts predict that TJX Companies Inc will post 2.61 EPS for the current year.

TJX Companies declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 27th that authorizes the company to buyback $2.25 billion in outstanding shares. This buyback authorization authorizes the apparel and home fashions retailer to reacquire up to 3.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.92 annualized dividend and a dividend yield of 1.70%. This is a boost from TJX Companies’s previous quarterly dividend of $0.20. TJX Companies’s payout ratio is currently 36.97%.

Several research firms have weighed in on TJX. Zacks Investment Research raised shares of TJX Companies from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Monday, January 28th. Argus boosted their price target on shares of TJX Companies to $62.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. ValuEngine raised shares of TJX Companies from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. MKM Partners boosted their price target on shares of TJX Companies from $58.00 to $61.00 and gave the stock a “buy” rating in a research note on Thursday, February 28th. Finally, Morgan Stanley boosted their price target on shares of TJX Companies from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, February 28th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $55.34.

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About TJX Companies

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.

Further Reading: Systematic Risk and Investors

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

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