Neuburgh Advisers LLC lifted its stake in TJX Companies Inc (NYSE:TJX) by 0.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 601,488 shares of the apparel and home fashions retailer’s stock after purchasing an additional 3,072 shares during the quarter. TJX Companies comprises 1.1% of Neuburgh Advisers LLC’s portfolio, making the stock its 21st biggest holding. Neuburgh Advisers LLC’s holdings in TJX Companies were worth $32,005,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Stone House Investment Management LLC purchased a new position in TJX Companies during the 1st quarter valued at $25,000. CSU Producer Resources Inc. purchased a new position in TJX Companies during the 1st quarter valued at $27,000. Financial Gravity Wealth Inc. purchased a new position in TJX Companies during the 1st quarter valued at $30,000. Nalls Sherbakoff Group LLC purchased a new position in TJX Companies during the 4th quarter valued at $25,000. Finally, Westside Investment Management Inc. boosted its holdings in 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 valued at $27,000 after acquiring an additional 300 shares during the period. Hedge funds and other institutional investors own 89.13% of the company’s stock.
A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded TJX Companies from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a report on Wednesday, May 1st. Argus boosted their price objective on TJX Companies to $62.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Robert W. Baird assumed coverage on TJX Companies in a report on Monday, May 13th. They set an “outperform” rating and a $63.00 price objective for the company. Credit Suisse Group boosted their price objective on TJX Companies from $55.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. Finally, Nomura boosted their price objective on TJX Companies from $55.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, May 22nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. TJX Companies presently has a consensus rating of “Buy” and a consensus price target of $56.46.
TJX Companies (NYSE:TJX) last issued its earnings results on Tuesday, May 21st. The apparel and home fashions retailer reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.02. The business had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.21 billion. TJX Companies had a return on equity of 57.47% and a net margin of 7.69%. TJX Companies’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.13 EPS. Research analysts expect that TJX Companies Inc will post 2.62 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Wednesday, August 14th. TJX Companies’s dividend payout ratio (DPR) is presently 43.60%.
TJX Companies declared that its board has approved a stock buyback program on Wednesday, February 27th that authorizes the company to repurchase $2.25 billion in shares. This repurchase authorization authorizes the apparel and home fashions retailer to repurchase up to 3.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.
In other news, EVP Richard Sherr sold 43,000 shares of the business’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $54.08, for a total value of $2,325,440.00. Following the completion of the transaction, the executive vice president now directly owns 118,708 shares of the company’s stock, valued at approximately $6,419,728.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Amy B. Lane sold 1,625 shares of the business’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $53.00, for a total value of $86,125.00. Following the completion of the transaction, the director now directly owns 29,467 shares of the company’s stock, valued at $1,561,751. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 129,978 shares of company stock valued at $7,001,230. 0.18% of the stock is currently owned by corporate insiders.
TJX Companies Company 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, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.
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