Dakota Wealth Management Increases Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Dakota Wealth Management raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 115.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,371 shares of the apparel and home fashions retailer’s stock after purchasing an additional 28,610 shares during the period. Dakota Wealth Management’s holdings in TJX Companies were worth $5,007,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ICA Group Wealth Management LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at about $27,000. Anchor Investment Management LLC acquired a new stake in TJX Companies during the fourth quarter worth about $28,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of TJX Companies during the third quarter valued at about $29,000. BKM Wealth Management LLC acquired a new stake in shares of TJX Companies during the fourth quarter valued at about $30,000. Finally, Cornerstone Planning Group LLC acquired a new stake in shares of TJX Companies during the second quarter valued at about $33,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on TJX. Redburn Atlantic cut shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target for the company. in a research report on Monday, February 5th. BMO Capital Markets raised their price objective on shares of TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. UBS Group raised their price objective on shares of TJX Companies from $95.00 to $104.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $105.00 price objective on shares of TJX Companies in a research note on Wednesday, February 28th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and an average target price of $102.19.

TJX Companies Stock Down 1.5 %

Shares of NYSE:TJX opened at $92.98 on Tuesday. The company has a market capitalization of $105.34 billion, a PE ratio of 24.09, a P/E/G ratio of 2.43 and a beta of 0.86. 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 TJX Companies, Inc. has a twelve month low of $75.65 and a twelve month high of $102.84. The firm has a 50 day simple moving average of $97.97 and a 200-day simple moving average of $93.57.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $16.20 billion. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The company’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.89 EPS. On average, equities analysts predict that The TJX Companies, Inc. will post 4.07 EPS for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.61%. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, May 15th. TJX Companies’s payout ratio is presently 34.46%.

TJX Companies declared that its Board of Directors has approved a share buyback program on Wednesday, February 28th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the apparel and home fashions retailer to buy up to 2.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Insider Activity at TJX Companies

In related news, EVP Louise Greenlees sold 2,694 shares of the company’s 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 in the company, valued at approximately $4,968,480.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP Louise Greenlees sold 2,694 shares of the company’s 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 in the company, valued at approximately $4,968,480.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the completion of the sale, the chief executive officer now owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

TJX Companies Profile

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.