Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 19,849 Shares of The TJX Companies, Inc. (NYSE:TJX)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its stake in The TJX Companies, Inc. (NYSE:TJX) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,531,823 shares of the apparel and home fashions retailer’s stock after selling 19,849 shares during the quarter. TJX Companies makes up approximately 2.4% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s investment portfolio, making the stock its 13th biggest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned approximately 0.22% of TJX Companies worth $240,295,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Tandem Investment Advisors Inc. raised its holdings in TJX Companies by 1.8% during the fourth quarter. Tandem Investment Advisors Inc. now owns 5,846 shares of the apparel and home fashions retailer’s stock valued at $548,000 after acquiring an additional 106 shares during the period. Alhambra Investment Management LLC grew its position in shares of TJX Companies by 2.0% during the fourth quarter. Alhambra Investment Management LLC now owns 5,433 shares of the apparel and home fashions retailer’s stock valued at $510,000 after purchasing an additional 108 shares in the last quarter. BSW Wealth Partners grew its position in shares of TJX Companies by 2.0% during the fourth quarter. BSW Wealth Partners now owns 5,623 shares of the apparel and home fashions retailer’s stock valued at $528,000 after purchasing an additional 109 shares in the last quarter. Insight Advisors LLC PA grew its position in shares of TJX Companies by 3.1% during the fourth quarter. Insight Advisors LLC PA now owns 3,757 shares of the apparel and home fashions retailer’s stock valued at $352,000 after purchasing an additional 112 shares in the last quarter. Finally, First Business Financial Services Inc. grew its position in shares of TJX Companies by 0.6% during the third quarter. First Business Financial Services Inc. now owns 18,177 shares of the apparel and home fashions retailer’s stock valued at $1,616,000 after purchasing an additional 113 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

TJX Companies Trading Up 0.8 %

Shares of TJX Companies stock traded up $0.72 on Monday, hitting $94.08. 4,058,698 shares of the company traded hands, compared to its average volume of 5,026,062. The stock’s 50 day moving average price is $97.50 and its 200-day moving average price is $93.74. 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 52 week low of $75.65 and a 52 week high of $102.84. The company has a market cap of $106.59 billion, a PE ratio of 24.37, a PEG ratio of 2.40 and a beta of 0.86.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.10. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The firm had revenue of $16.41 billion during the quarter, compared to the consensus estimate of $16.20 billion. During the same quarter in the previous year, the firm posted $0.89 earnings per share. The company’s revenue was up 13.0% on a year-over-year basis. Equities research analysts predict that The TJX Companies, Inc. will post 4.07 EPS for the current year.

TJX Companies declared that its board has initiated a stock buyback program on Wednesday, February 28th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the apparel and home fashions retailer to repurchase up to 2.2% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Wednesday, May 15th. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s payout ratio is currently 38.86%.

Insider Activity

In related news, EVP Louise Greenlees sold 2,694 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Louise Greenlees sold 2,694 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the completion of the transaction, the chief executive officer now directly 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. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

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

TJX Companies Company 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.