The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Twin Capital Management Inc.

Twin Capital Management Inc. lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,204 shares of the apparel and home fashions retailer’s stock after selling 592 shares during the period. Twin Capital Management Inc.’s holdings in TJX Companies were worth $1,614,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of TJX. ICA Group Wealth Management LLC acquired a new position in shares of TJX Companies during the 4th quarter worth about $27,000. Anchor Investment Management LLC acquired a new stake in TJX Companies in the 4th quarter valued at about $28,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in TJX Companies in the 3rd quarter valued at about $29,000. BKM Wealth Management LLC acquired a new stake in TJX Companies in the 4th quarter valued at about $30,000. Finally, Cornerstone Planning Group LLC acquired a new stake in TJX Companies in the 2nd quarter valued at about $33,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Buying and Selling at TJX Companies

In other news, EVP Louise Greenlees sold 2,694 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly owns 50,273 shares in the company, valued at approximately $4,968,480.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 515,801 shares in the company, valued at approximately $51,053,982.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction on 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 in the company, valued at $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Stock Performance

NYSE:TJX opened at $92.66 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.64 and a current ratio of 1.21. The TJX Companies, Inc. has a fifty-two week low of $75.65 and a fifty-two week high of $102.84. The stock has a market capitalization of $104.98 billion, a P/E ratio of 24.01, a PEG ratio of 2.40 and a beta of 0.86. The company has a 50 day moving average price of $97.69 and a 200 day moving average price of $93.59.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating the consensus estimate of $1.12 by $0.10. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The company had revenue of $16.41 billion during the quarter, compared to analysts’ expectations of $16.20 billion. During the same quarter last year, the company posted $0.89 EPS. The firm’s revenue was up 13.0% compared to the same quarter last year. Equities research analysts forecast that The TJX Companies, Inc. will post 4.07 EPS for the current year.

TJX Companies declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 28th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the apparel and home fashions retailer to repurchase up to 2.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.62%. The ex-dividend date is Wednesday, May 15th. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s dividend payout ratio (DPR) is currently 34.46%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. BMO Capital Markets increased their price objective 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. 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. UBS Group increased their price objective on shares of TJX Companies from $95.00 to $104.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $105.00 price target on shares of TJX Companies in a research note on Wednesday, February 28th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $102.19.

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.