TLW Wealth Management LLC acquired a new stake in TJX Companies Inc (NYSE:TJX) in the first quarter, HoldingsChannel reports. The institutional investor acquired 46,312 shares of the apparel and home fashions retailer’s stock, valued at approximately $2,464,000. TJX Companies makes up about 2.6% of TLW Wealth Management LLC’s investment portfolio, making the stock its 20th largest position.
A number of other large investors have also recently bought and sold shares of the business. Stone House Investment Management LLC bought a new position in shares of TJX Companies during the first quarter worth about $25,000. CSU Producer Resources Inc. bought a new position in shares of TJX Companies during the first quarter worth about $27,000. Financial Gravity Wealth Inc. bought a new position in shares of TJX Companies during the first quarter worth about $30,000. Nalls Sherbakoff Group LLC bought a new position in shares of TJX Companies during the fourth quarter worth about $25,000. Finally, Adirondack Trust Co. lifted its position in shares of 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 worth $26,000 after purchasing an additional 290 shares during the last quarter. 91.42% of the stock is owned by institutional investors.
In other TJX Companies news, Director Amy B. Lane sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $51.79, for a total value of $51,790.00. Following the sale, the director now owns 31,092 shares in the company, valued at $1,610,254.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy B. Lane sold 1,625 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $53.00, for a total transaction of $86,125.00. Following the completion of the sale, the director now owns 29,467 shares in the company, valued at approximately $1,561,751. The disclosure for this sale can be found here. Insiders sold 109,498 shares of company stock worth $5,933,022 in the last 90 days. 0.18% of the stock is owned by company insiders.
Several equities analysts have recently commented on the stock. Zacks Investment Research cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Tuesday. Nomura increased their price target on shares of TJX Companies from $55.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday. Credit Suisse Group increased their price target on shares of TJX Companies from $55.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday. MKM Partners increased their price objective 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, Robert W. Baird assumed coverage on shares of TJX Companies in a research note on Monday, May 13th. They set an “outperform” rating and a $63.00 price objective on the stock. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $55.98.
TJX traded down $1.41 on Wednesday, hitting $51.85. 113,678 shares of the company’s stock were exchanged, compared to its average volume of 5,931,986. The firm has a market cap of $64.43 billion, a price-to-earnings ratio of 24.57, a price-to-earnings-growth ratio of 1.86 and a beta of 0.66. TJX Companies Inc has a twelve month low of $41.49 and a twelve month high of $56.64. The company has a quick ratio of 0.70, a current ratio of 1.53 and a debt-to-equity ratio of 0.44.
TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Tuesday, May 21st. The apparel and home fashions retailer reported $0.57 EPS for the quarter, beating the consensus estimate of $0.55 by $0.02. TJX Companies had a net margin of 7.85% and a return on equity of 57.42%. The company had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.21 billion. During the same quarter last year, the business earned $1.13 earnings per share. TJX Companies’s revenue was up 6.8% compared to the same quarter last year. Research analysts anticipate that TJX Companies Inc will post 2.61 earnings per share for the current year.
TJX Companies announced that its Board of Directors has approved a stock repurchase plan on Wednesday, February 27th that permits the company to repurchase $2.25 billion in outstanding shares. This repurchase authorization permits the apparel and home fashions retailer to reacquire up to 3.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.92 annualized dividend and a dividend yield of 1.77%. This is a positive change from TJX Companies’s previous quarterly dividend of $0.20. TJX Companies’s dividend payout ratio (DPR) is presently 43.60%.
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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, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.
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