ICW Investment Advisors LLC Sells 135 Shares of The TJX Companies, Inc. (NYSE:TJX)

ICW Investment Advisors LLC lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,969 shares of the apparel and home fashions retailer’s stock after selling 135 shares during the quarter. TJX Companies accounts for approximately 1.2% of ICW Investment Advisors LLC’s portfolio, making the stock its 20th largest position. ICW Investment Advisors LLC’s holdings in TJX Companies were worth $2,530,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of TJX. Anchor Investment Management LLC bought a new stake in shares of TJX Companies during the fourth quarter worth about $28,000. BKM Wealth Management LLC bought a new position in TJX Companies in the 4th quarter valued at about $30,000. Larson Financial Group LLC boosted its stake in TJX Companies by 76.0% during the 3rd quarter. Larson Financial Group LLC now owns 389 shares of the apparel and home fashions retailer’s stock valued at $35,000 after purchasing an additional 168 shares during the last quarter. BOK Financial Private Wealth Inc. bought a new stake in TJX Companies during the 4th quarter worth approximately $40,000. Finally, Gradient Investments LLC raised its stake in shares of TJX Companies by 86.7% in the fourth quarter. Gradient Investments LLC now owns 478 shares of the apparel and home fashions retailer’s stock worth $45,000 after purchasing an additional 222 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $98.98, for a total value of $1,979,600.00. Following the transaction, the chief executive officer now owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $98.98, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Louise Greenlees sold 2,694 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $98.83, for a total transaction of $266,248.02. Following the sale, the executive vice president now owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

TJX Companies Price Performance

NYSE:TJX traded down $0.16 during mid-day trading on Wednesday, hitting $93.93. 2,337,407 shares of the stock traded hands, compared to its average volume of 5,018,792. The business’s 50-day moving average price is $97.20 and its 200 day moving average price is $94.02. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 0.39. The company has a market cap of $106.42 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 2.44 and a beta of 0.86. The TJX Companies, Inc. has a 12-month low of $75.65 and a 12-month high of $102.84.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating 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 firm had revenue of $16.41 billion during the quarter, compared to analyst estimates of $16.20 billion. During the same period in the previous year, the business earned $0.89 EPS. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, analysts expect that The TJX Companies, Inc. will post 4.07 EPS for the current fiscal year.

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

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.375 per share. The ex-dividend date is Wednesday, May 15th. This represents a $1.50 annualized dividend and a dividend yield of 1.60%. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s dividend payout ratio (DPR) is 34.46%.

Analysts Set New Price Targets

TJX has been the subject of several recent research reports. BMO Capital Markets upped their price target on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Telsey Advisory Group restated an “outperform” rating and issued a $105.00 price objective on shares of TJX Companies in a research note on Wednesday, February 28th. The Goldman Sachs Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $100.00 to $110.00 in a report on Thursday, April 25th. Redburn Atlantic downgraded 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. Finally, UBS Group boosted their target price 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. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $102.65.

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.