Bryn Mawr Capital Management LLC Sells 2,523 Shares of The TJX Companies, Inc. (NYSE:TJX)

Bryn Mawr Capital Management LLC decreased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 130,601 shares of the apparel and home fashions retailer’s stock after selling 2,523 shares during the period. TJX Companies comprises 0.8% of Bryn Mawr Capital Management LLC’s portfolio, making the stock its 29th largest holding. Bryn Mawr Capital Management LLC’s holdings in TJX Companies were worth $12,252,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TJX. Avior Wealth Management LLC increased its stake in shares of TJX Companies by 3.3% during the third quarter. Avior Wealth Management LLC now owns 3,728 shares of the apparel and home fashions retailer’s stock valued at $331,000 after purchasing an additional 119 shares in the last quarter. Meridian Wealth Management LLC increased its stake in shares of TJX Companies by 9.9% during the third quarter. Meridian Wealth Management LLC now owns 7,606 shares of the apparel and home fashions retailer’s stock valued at $676,000 after purchasing an additional 683 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of TJX Companies by 467.7% during the third quarter. Exchange Traded Concepts LLC now owns 21,420 shares of the apparel and home fashions retailer’s stock valued at $1,904,000 after acquiring an additional 17,647 shares in the last quarter. Private Trust Co. NA raised its holdings in TJX Companies by 13.6% in the 3rd quarter. Private Trust Co. NA now owns 14,438 shares of the apparel and home fashions retailer’s stock worth $1,283,000 after acquiring an additional 1,731 shares during the last quarter. Finally, Boston Trust Walden Corp raised its holdings in TJX Companies by 0.7% in the 3rd quarter. Boston Trust Walden Corp now owns 104,156 shares of the apparel and home fashions retailer’s stock worth $9,257,000 after acquiring an additional 775 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TJX. UBS Group boosted their price objective on shares of TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. The Goldman Sachs Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $100.00 to $110.00 in a report on Thursday. Telsey Advisory Group restated an “outperform” rating and issued a $105.00 price objective on shares of TJX Companies in a report on Wednesday, February 28th. BMO Capital Markets boosted their price objective on shares of TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Finally, Redburn Atlantic lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective for the company. in a report on Monday, February 5th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $102.65.

Insiders Place Their Bets

In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $98.83, for a total value of $266,248.02. Following the transaction, the executive vice president now directly owns 50,273 shares in the company, valued at approximately $4,968,480.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $98.83, for a total value of $266,248.02. Following the transaction, the executive vice president now directly owns 50,273 shares in the company, valued at approximately $4,968,480.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 515,801 shares in the company, valued at $51,053,982.98. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

TJX Companies stock opened at $96.36 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.21 and a quick ratio of 0.64. The TJX Companies, Inc. has a 1-year low of $75.65 and a 1-year high of $102.84. The firm has a market capitalization of $109.17 billion, a P/E ratio of 24.96, a price-to-earnings-growth ratio of 2.48 and a beta of 0.86. The company’s 50-day moving average is $97.33 and its 200 day moving average is $93.87.

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

TJX Companies Increases Dividend

The business also recently announced 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 an increase from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Wednesday, May 15th. TJX Companies’s dividend payout ratio is currently 34.46%.

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

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.