TCG Advisory Services LLC Purchases New Stake in The TJX Companies, Inc. (NYSE:TJX)

TCG Advisory Services LLC purchased a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,375 shares of the apparel and home fashions retailer’s stock, valued at approximately $317,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TJX. Vanguard Group Inc. grew its position in shares of TJX Companies by 0.4% in the third quarter. Vanguard Group Inc. now owns 95,135,688 shares of the apparel and home fashions retailer’s stock valued at $8,455,660,000 after purchasing an additional 392,783 shares in the last quarter. FMR LLC grew its holdings in shares of TJX Companies by 13.1% in 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 last quarter. Morgan Stanley boosted its holdings in shares of 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 purchasing an additional 371,163 shares during the period. Northern Trust Corp raised its holdings in shares of 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 valued at $1,220,690,000 after acquiring an additional 313,530 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of TJX Companies by 0.9% during the 3rd quarter. Jennison Associates LLC now owns 9,054,237 shares of the apparel and home fashions retailer’s stock valued at $804,741,000 after purchasing an additional 83,643 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Price Performance

TJX traded up $1.42 on Monday, hitting $96.53. 2,277,772 shares of the company’s stock traded hands, compared to its average volume of 5,048,256. 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 one year low of $75.65 and a one year high of $102.84. The company’s 50 day simple moving average is $96.94 and its 200-day simple moving average is $94.11. The firm has a market cap of $109.37 billion, a price-to-earnings ratio of 24.64, a P/E/G ratio of 2.45 and a beta of 0.87.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The firm had revenue of $16.41 billion for the quarter, compared to analyst estimates of $16.20 billion. During the same period in the previous year, the company posted $0.89 earnings per share. The business’s revenue was up 13.0% on a year-over-year basis. As a group, research analysts anticipate that The TJX Companies, Inc. will post 4.07 EPS for the current 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 paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 annualized dividend and a dividend yield of 1.55%. TJX Companies’s dividend payout ratio (DPR) is currently 34.46%.

TJX Companies announced that its board 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 shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

TJX has been the subject of a number of recent research reports. Telsey Advisory Group reiterated an “outperform” rating and set a $105.00 price objective on shares of TJX Companies in a research note on Wednesday, February 28th. Redburn Atlantic lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 target price for the company. in a report on Monday, February 5th. UBS Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $104.00 to $132.00 in a report on Thursday. The Goldman Sachs Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and upped their price target for the company from $100.00 to $110.00 in a research note on Thursday, April 25th. Finally, BMO Capital Markets lifted their price target on shares of TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and a consensus price target of $104.29.

Insider Buying and Selling at TJX Companies

In related 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 sale, the executive vice president now owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the business’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 completion of the sale, the executive vice president now owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of the company’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 transaction of $1,979,600.00. Following the completion of the transaction, the chief executive officer now owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The disclosure for this sale can be found here. 0.13% of the stock is currently 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.