Quotient Wealth Partners LLC Purchases Shares of 4,598 The TJX Companies, Inc. (NYSE:TJX)

Quotient Wealth Partners LLC purchased a new stake in The TJX Companies, Inc. (NYSE:TJXFree Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,598 shares of the apparel and home fashions retailer’s stock, valued at approximately $431,000.

Other hedge funds also recently made changes to their positions in the company. Anchor Investment Management LLC purchased a new position in shares of TJX Companies in the 4th quarter valued at $28,000. BKM Wealth Management LLC purchased a new stake in TJX Companies during the 4th quarter worth $30,000. Larson Financial Group LLC increased 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 worth $35,000 after buying an additional 168 shares during the period. BOK Financial Private Wealth Inc. purchased a new stake in TJX Companies during the 4th quarter worth $40,000. Finally, Gradient Investments LLC increased its stake in TJX Companies by 86.7% during the 4th quarter. Gradient Investments LLC now owns 478 shares of the apparel and home fashions retailer’s stock worth $45,000 after buying an additional 222 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE TJX traded down $0.21 during midday trading on Wednesday, reaching $98.46. The company’s stock had a trading volume of 1,350,210 shares, compared to its average volume of 5,041,920. 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 company has a 50 day moving average price of $96.86 and a 200 day moving average price of $94.59. The TJX Companies, Inc. has a one year low of $75.65 and a one year high of $102.84. The company has a market cap of $111.55 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 2.52 and a beta of 0.87.

TJX Companies (NYSE:TJXGet Free Report) last released its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share (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 business had revenue of $16.41 billion for the quarter, compared to analyst estimates of $16.20 billion. During the same quarter in the previous year, the business earned $0.89 earnings per share. The firm’s revenue was up 13.0% compared to the same quarter last year. On average, equities research analysts expect that The TJX Companies, Inc. will post 4.1 EPS for the current year.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Investors 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 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 1.52%. TJX Companies’s payout ratio is presently 34.46%.

TJX Companies announced that its board has initiated a stock 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 repurchase up to 2.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

TJX has been the topic of several analyst reports. The Goldman Sachs Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $100.00 to $110.00 in a research note on Thursday, April 25th. Redburn Atlantic downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 target price for the company. in a research report on Monday, February 5th. Telsey Advisory Group reissued an “outperform” rating and issued a $105.00 target price on shares of TJX Companies in a research report on Wednesday, February 28th. UBS Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $104.00 to $132.00 in a research report on Thursday, May 2nd. Finally, BMO Capital Markets lifted their price target on shares of TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $104.29.

Read Our Latest Research Report on TJX

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 20,000 shares of the business’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 transaction, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other TJX Companies 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 sale, the executive vice president now directly 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly 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.

About TJX Companies

(Free Report)

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.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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