The TJX Companies, Inc. (NYSE:TJX) Shares Bought by Boston Family Office LLC

Boston Family Office LLC increased its position in shares of The TJX Companies, Inc. (NYSE:TJXFree Report) by 3.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,501 shares of the apparel and home fashions retailer’s stock after purchasing an additional 734 shares during the period. Boston Family Office LLC’s holdings in TJX Companies were worth $2,111,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Frazier Financial Advisors LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at $27,000. Anchor Investment Management LLC acquired a new stake in TJX Companies during the 4th quarter valued at $28,000. BKM Wealth Management LLC acquired a new stake in TJX Companies during the 4th quarter valued at $30,000. Sachetta LLC purchased a new position in TJX Companies during the fourth quarter valued at approximately $38,000. Finally, BOK Financial Private Wealth Inc. purchased a new stake in shares of TJX Companies during the 4th quarter worth about $40,000. 91.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TJX shares. Redburn Atlantic lowered TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target on the stock. in a research note on Monday, February 5th. TD Cowen boosted their price target on shares of TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Robert W. Baird raised their price objective on shares of TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Barclays boosted their price target on shares of TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. Finally, Sanford C. Bernstein raised their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Two investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $110.05.

Check Out Our Latest Research Report on TJX

TJX Companies Price Performance

Shares of NYSE:TJX traded up $0.46 during midday trading on Wednesday, hitting $101.88. The stock had a trading volume of 3,104,161 shares, compared to its average volume of 5,219,811. The TJX Companies, Inc. has a fifty-two week low of $75.65 and a fifty-two week high of $104.98. The company has a market capitalization of $115.43 billion, a P/E ratio of 25.22, a price-to-earnings-growth ratio of 2.73 and a beta of 0.87. The company has a quick ratio of 0.61, a current ratio of 1.23 and a debt-to-equity ratio of 0.38. The company’s 50-day moving average price is $97.45 and its 200-day moving average price is $95.30.

TJX Companies (NYSE:TJXGet Free Report) last posted its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.06. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The firm had revenue of $12.48 billion during the quarter, compared to analyst estimates of $12.48 billion. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the company posted $0.76 EPS. As a group, equities research analysts predict that The TJX Companies, Inc. will post 4.09 EPS 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. Shareholders of record on Thursday, May 16th will be paid a $0.375 dividend. This is a positive change from TJX Companies’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, May 15th. This represents a $1.50 annualized dividend and a yield of 1.47%. TJX Companies’s dividend payout ratio (DPR) is 37.22%.

TJX Companies announced that its board has authorized a stock buyback plan on Wednesday, February 28th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the apparel and home fashions retailer to repurchase up to 2.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Activity

In other news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the completion of the transaction, the chief executive officer now directly owns 571,148 shares of the company’s stock, valued at approximately $58,354,191.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the sale, the chief executive officer now owns 571,148 shares of the company’s stock, valued at approximately $58,354,191.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kenneth Canestrari sold 20,332 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the completion of the transaction, the executive vice president now directly owns 110,893 shares in the company, valued at approximately $11,089,300. The disclosure for this sale can be found here. Insiders sold a total of 63,026 shares of company stock valued at $6,322,448 over the last three months. Corporate insiders own 0.13% of the company’s stock.

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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