The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Webster Bank N. A.

Webster Bank N. A. grew its position in The TJX Companies, Inc. (NYSE:TJXFree Report) by 16.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,932 shares of the apparel and home fashions retailer’s stock after buying an additional 414 shares during the quarter. Webster Bank N. A.’s holdings in TJX Companies were worth $275,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of TJX. Anchor Investment Management LLC purchased a new stake in TJX Companies during the 4th quarter worth about $28,000. Householder Group Estate & Retirement Specialist LLC purchased a new stake in TJX Companies during the 3rd quarter valued at approximately $29,000. BKM Wealth Management LLC purchased a new stake in TJX Companies during the 4th quarter valued at approximately $30,000. ICA Group Wealth Management LLC acquired a new position in TJX Companies during the 4th quarter worth approximately $27,000. Finally, Cornerstone Planning Group LLC acquired a new position in TJX Companies during the 2nd quarter worth approximately $33,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Trading Down 0.2 %

Shares of TJX opened at $99.46 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $112.75 billion, a P/E ratio of 25.77, a price-to-earnings-growth ratio of 2.57 and a beta of 0.86. The stock’s fifty day simple moving average is $98.04 and its 200 day simple moving average is $93.16. The TJX Companies, Inc. has a twelve month low of $75.65 and a twelve month high of $102.84.

TJX Companies (NYSE:TJXGet Free Report) last issued its earnings results 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 business had revenue of $16.41 billion for the quarter, compared to analyst estimates of $16.20 billion. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the company posted $0.89 EPS. On average, equities research analysts forecast that The TJX Companies, Inc. will post 4.06 earnings per share for the current year.

TJX Companies Increases Dividend

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 issued a $0.375 dividend. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 annualized dividend and a yield of 1.51%. TJX Companies’s dividend payout ratio is currently 34.46%.

TJX Companies announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 28th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the apparel and home fashions retailer to purchase up to 2.2% 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.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TJX. UBS Group boosted their target price on TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Telsey Advisory Group reiterated an “outperform” rating and set a $105.00 target price on shares of TJX Companies in a report on Wednesday, February 28th. BMO Capital Markets increased their target price on TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. Finally, Redburn Atlantic cut TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 target price on the stock. in a report on Monday, February 5th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $102.19.

Get Our Latest Analysis on TJX

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 20,000 shares of the 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 completion of the sale, the chief executive officer now directly owns 515,801 shares in the company, valued at approximately $51,053,982.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Ernie Herrman sold 20,000 shares of the 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 completion of the sale, the chief executive officer now directly owns 515,801 shares in the company, valued at approximately $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 on 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 sale, the executive vice president now owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

TJX Companies Profile

(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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