Telemus Capital LLC Has $7.66 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Telemus Capital LLC lifted its stake in The TJX Companies, Inc. (NYSE:TJX) by 5.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 81,671 shares of the apparel and home fashions retailer’s stock after purchasing an additional 4,079 shares during the quarter. Telemus Capital LLC’s holdings in TJX Companies were worth $7,662,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of TJX. Anchor Investment Management LLC purchased a new stake in TJX Companies in the 4th quarter worth about $28,000. BKM Wealth Management LLC purchased a new stake in TJX Companies in the 4th quarter worth about $30,000. Larson Financial Group LLC lifted its stake in TJX Companies by 76.0% in the 3rd quarter. Larson Financial Group LLC now owns 389 shares of the apparel and home fashions retailer’s stock worth $35,000 after acquiring an additional 168 shares in the last quarter. BOK Financial Private Wealth Inc. purchased a new stake in TJX Companies in the 4th quarter worth about $40,000. Finally, Gradient Investments LLC lifted its stake in TJX Companies by 86.7% in the 4th quarter. Gradient Investments LLC now owns 478 shares of the apparel and home fashions retailer’s stock worth $45,000 after acquiring an additional 222 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Trading Up 0.8 %

Shares of TJX stock opened at $94.08 on Tuesday. The stock’s fifty day moving average price is $97.50 and its two-hundred day moving average price is $93.74. The company has a market cap of $106.59 billion, a PE ratio of 24.37, a P/E/G ratio of 2.40 and a beta of 0.86. The TJX Companies, Inc. has a fifty-two week low of $75.65 and a fifty-two week high of $102.84. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.64 and a current ratio of 1.21.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, beating 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 the consensus estimate of $16.20 billion. During the same quarter last year, the business posted $0.89 EPS. The company’s revenue was up 13.0% compared to the same quarter last year. Equities analysts predict that The TJX Companies, Inc. will post 4.07 EPS for the current fiscal year.

TJX Companies announced that its Board of Directors has authorized a share buyback program on Wednesday, February 28th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the apparel and home fashions retailer to purchase up to 2.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.59%. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, May 15th. TJX Companies’s dividend payout ratio is presently 34.46%.

Insider Activity

In other news, EVP Louise Greenlees sold 2,694 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $98.83, for a total value of $266,248.02. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction dated 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 completion of 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 SEC, which is accessible through this hyperlink. Also, EVP Louise Greenlees sold 2,694 shares of the stock in a transaction dated Friday, March 1st. The stock was 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 disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TJX has been the subject of several research analyst reports. Redburn Atlantic downgraded TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective for the company. in a research note on Monday, February 5th. Telsey Advisory Group reissued an “outperform” rating and issued a $105.00 price objective on shares of TJX Companies in a research note on Wednesday, February 28th. BMO Capital Markets raised their price target on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. Finally, UBS Group raised their price target on TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.19.

TJX Companies Company 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.