TJX Companies Inc (TJX) Shares Bought by Johnson Financial Group Inc.

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Johnson Financial Group Inc. boosted its holdings in TJX Companies Inc (NYSE:TJX) by 186.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,275 shares of the apparel and home fashions retailer’s stock after acquiring an additional 5,385 shares during the period. Johnson Financial Group Inc.’s holdings in TJX Companies were worth $370,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Adirondack Trust Co. increased its position in TJX Companies by 100.0% during the 4th quarter. Adirondack Trust Co. now owns 580 shares of the apparel and home fashions retailer’s stock worth $26,000 after buying an additional 290 shares during the period. Westside Investment Management Inc. grew its holdings in shares of TJX Companies by 100.0% during the 4th quarter. Westside Investment Management Inc. now owns 600 shares of the apparel and home fashions retailer’s stock worth $27,000 after purchasing an additional 300 shares in the last quarter. Edge Wealth Management LLC grew its holdings in shares of TJX Companies by 100.0% during the 4th quarter. Edge Wealth Management LLC now owns 650 shares of the apparel and home fashions retailer’s stock worth $29,000 after purchasing an additional 325 shares in the last quarter. Sterling Investment Advisors Ltd. grew its holdings in shares of TJX Companies by 100.0% during the 4th quarter. Sterling Investment Advisors Ltd. now owns 660 shares of the apparel and home fashions retailer’s stock worth $29,000 after purchasing an additional 330 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA grew its holdings in shares of TJX Companies by 83.1% during the 4th quarter. San Francisco Sentry Investment Group CA now owns 782 shares of the apparel and home fashions retailer’s stock worth $35,000 after purchasing an additional 355 shares in the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

NYSE:TJX opened at $52.10 on Friday. The stock has a market capitalization of $64.23 billion, a P/E ratio of 24.69, a price-to-earnings-growth ratio of 1.83 and a beta of 0.66. The company has a current ratio of 1.53, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44. TJX Companies Inc has a twelve month low of $39.86 and a twelve month high of $56.64.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, February 27th. The apparel and home fashions retailer reported $0.68 earnings per share for the quarter, meeting the consensus estimate of $0.68. The business had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.01 billion. TJX Companies had a return on equity of 57.42% and a net margin of 7.85%. TJX Companies’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the firm posted $1.30 earnings per share. Equities analysts predict that TJX Companies Inc will post 2.61 EPS for the current fiscal year.

TJX Companies declared that its board has approved a stock repurchase plan on Wednesday, February 27th that permits the company to repurchase $2.25 billion in shares. This repurchase authorization permits the apparel and home fashions retailer to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Several analysts have recently issued reports on the company. Zacks Investment Research raised TJX Companies from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Monday, January 28th. MKM Partners increased their target price on TJX Companies from $58.00 to $61.00 and gave the stock a “buy” rating in a report on Thursday, February 28th. ValuEngine raised TJX Companies from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Telsey Advisory Group reissued an “outperform” rating and set a $62.00 target price (up from $56.00) on shares of TJX Companies in a report on Thursday, February 28th. Finally, Barclays set a $55.00 target price on TJX Companies and gave the stock a “hold” rating in a report on Wednesday, November 21st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $55.06.

In related news, Director Amy B. Lane sold 1,000 shares of the firm’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $51.79, for a total value of $51,790.00. Following the sale, the director now directly owns 31,092 shares of the company’s stock, valued at $1,610,254.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.20% of the company’s stock.

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TJX Companies Profile

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

See Also: Growth Stocks

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

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