Cwm LLC Boosts Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Cwm LLC lifted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 25.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 88,379 shares of the apparel and home fashions retailer’s stock after purchasing an additional 17,865 shares during the period. Cwm LLC’s holdings in TJX Companies were worth $8,291,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in TJX Companies by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 95,135,688 shares of the apparel and home fashions retailer’s stock valued at $8,455,660,000 after acquiring an additional 392,783 shares in the last quarter. FMR LLC boosted its position in TJX Companies by 13.1% during the third quarter. FMR LLC now owns 52,008,484 shares of the apparel and home fashions retailer’s stock valued at $4,622,514,000 after purchasing an additional 6,036,764 shares in the last quarter. Morgan Stanley grew its stake in TJX Companies by 1.5% in the third quarter. Morgan Stanley now owns 24,752,978 shares of the apparel and home fashions retailer’s stock valued at $2,200,045,000 after purchasing an additional 371,163 shares during the last quarter. Northern Trust Corp raised its holdings in TJX Companies by 2.3% in the third quarter. Northern Trust Corp now owns 13,734,141 shares of the apparel and home fashions retailer’s stock worth $1,220,690,000 after purchasing an additional 313,530 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in shares of TJX Companies by 0.9% during the third quarter. Jennison Associates LLC now owns 9,054,237 shares of the apparel and home fashions retailer’s stock valued at $804,741,000 after buying an additional 83,643 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. BMO Capital Markets lifted their price objective on shares of TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. UBS Group lifted their price target on shares of TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Telsey Advisory Group reiterated an “outperform” rating and set a $105.00 price objective on shares of TJX Companies in a report on Wednesday, February 28th. Finally, Redburn Atlantic downgraded TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 target price on the stock. in a research note on Monday, February 5th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $102.19.

TJX Companies Stock Up 0.8 %

Shares of TJX opened at $94.08 on Tuesday. The firm has a market cap of $106.59 billion, a P/E ratio of 24.37, a PEG ratio of 2.40 and a beta of 0.86. The TJX Companies, Inc. has a 12 month low of $75.65 and a 12 month high of $102.84. The stock’s 50 day moving average is $97.50 and its two-hundred day moving average is $93.74. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 0.39.

TJX Companies (NYSE:TJX) 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. The firm had revenue of $16.41 billion for the quarter, compared to analysts’ expectations of $16.20 billion. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 EPS. Analysts predict that The TJX Companies, Inc. will post 4.07 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 dividend on an annualized basis and a yield of 1.59%. TJX Companies’s dividend payout ratio (DPR) is currently 34.46%.

TJX Companies announced that its Board of Directors has initiated a stock repurchase plan 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 buy up to 2.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Activity at TJX Companies

In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction 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 sale, the chief executive officer now owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Louise Greenlees sold 2,694 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the completion of 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 currently owned by corporate insiders.

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.