Oppenheimer & Co. Inc. Has $9.30 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Oppenheimer & Co. Inc. lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJXFree Report) by 7.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 99,103 shares of the apparel and home fashions retailer’s stock after selling 7,911 shares during the period. Oppenheimer & Co. Inc.’s holdings in TJX Companies were worth $9,297,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of TJX Companies by 0.4% during the third quarter. Vanguard Group Inc. now owns 95,135,688 shares of the apparel and home fashions retailer’s stock worth $8,455,660,000 after purchasing an additional 392,783 shares during the period. FMR LLC lifted its holdings in shares of TJX Companies by 13.1% during the third quarter. FMR LLC now owns 52,008,484 shares of the apparel and home fashions retailer’s stock worth $4,622,514,000 after purchasing an additional 6,036,764 shares during the period. Morgan Stanley raised its stake in TJX Companies by 1.5% during the third quarter. Morgan Stanley now owns 24,752,978 shares of the apparel and home fashions retailer’s stock worth $2,200,045,000 after buying an additional 371,163 shares during the last quarter. Northern Trust Corp raised its stake in TJX Companies by 2.3% during the third quarter. Northern Trust Corp now owns 13,734,141 shares of the apparel and home fashions retailer’s stock worth $1,220,690,000 after buying an additional 313,530 shares during the last quarter. Finally, Norges Bank bought a new position in TJX Companies during the fourth quarter worth $1,193,438,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Buying and Selling

In other TJX Companies news, EVP Louise Greenlees sold 8,171 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total value of $831,235.83. Following the transaction, the executive vice president now directly owns 49,570 shares in the company, valued at $5,042,756.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $102.17, for a total value of $2,043,400.00. Following the transaction, the chief executive officer now directly owns 571,148 shares in the company, valued at $58,354,191.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Louise Greenlees sold 8,171 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total transaction of $831,235.83. Following the completion of the transaction, the executive vice president now owns 49,570 shares in the company, valued at $5,042,756.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 70,003 shares of company stock worth $7,040,541. 0.13% of the stock is owned by insiders.

TJX Companies Stock Up 1.8 %

Shares of NYSE TJX traded up $1.92 during mid-day trading on Wednesday, reaching $107.79. 5,334,004 shares of the company’s stock traded hands, compared to its average volume of 5,497,722. The stock has a market cap of $121.82 billion, a P/E ratio of 26.50, a PEG ratio of 2.82 and a beta of 0.87. The business has a 50-day simple moving average of $97.94 and a 200 day simple moving average of $95.79. The TJX Companies, Inc. has a 1-year low of $77.25 and a 1-year high of $107.82. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.23 and a quick ratio of 0.61.

TJX Companies (NYSE:TJXGet Free Report) last released its quarterly earnings results 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 net margin of 8.47% and a return on equity of 64.26%. The business had revenue of $12.48 billion for the quarter, compared to analysts’ expectations of $12.48 billion. During the same period in the previous year, the company earned $0.76 earnings per share. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, analysts expect that The TJX Companies, Inc. will post 4.09 EPS for the current fiscal year.

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

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.39%. The ex-dividend date is Thursday, August 15th. TJX Companies’s dividend payout ratio (DPR) is presently 37.22%.

Wall Street Analysts Forecast Growth

TJX has been the subject of a number of analyst reports. UBS Group lifted their target price on shares of TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. The Goldman Sachs Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $100.00 to $110.00 in a research note on Thursday, April 25th. Barclays lifted their target price on shares of TJX Companies from $109.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, May 23rd. Evercore ISI set a $113.00 target price on shares of TJX Companies in a research note on Tuesday, May 21st. Finally, Robert W. Baird lifted their price target on shares of TJX Companies from $110.00 to $113.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Two research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $110.37.

Get Our Latest Stock Analysis on TJX

TJX Companies Company 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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