The TJX Companies, Inc. (NYSE:TJX) Holdings Trimmed by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 732,972 shares of the apparel and home fashions retailer’s stock after selling 15,323 shares during the period. Victory Capital Management Inc. owned approximately 0.06% of TJX Companies worth $68,760,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TJX. Penobscot Investment Management Company Inc. lifted its stake in TJX Companies by 35.5% during the third quarter. Penobscot Investment Management Company Inc. now owns 73,466 shares of the apparel and home fashions retailer’s stock valued at $6,530,000 after purchasing an additional 19,236 shares during the last quarter. Ferguson Wellman Capital Management Inc. grew its holdings in shares of TJX Companies by 3.7% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 603,482 shares of the apparel and home fashions retailer’s stock worth $56,613,000 after acquiring an additional 21,767 shares during the last quarter. Savoir Faire Capital Management L.P. acquired a new stake in shares of TJX Companies during the third quarter worth $3,197,000. Gateway Investment Advisers LLC lifted its holdings in shares of TJX Companies by 42.9% during the fourth quarter. Gateway Investment Advisers LLC now owns 19,108 shares of the apparel and home fashions retailer’s stock valued at $1,793,000 after purchasing an additional 5,737 shares during the last quarter. Finally, Cape Cod Five Cents Savings Bank boosted its position in shares of TJX Companies by 109.1% in the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 148,954 shares of the apparel and home fashions retailer’s stock valued at $13,239,000 after purchasing an additional 77,711 shares during the period. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on TJX. UBS Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $104.00 to $132.00 in a report on Thursday. BMO Capital Markets raised their price objective on shares of TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. Telsey Advisory Group reissued an “outperform” rating and set a $105.00 target price on shares of TJX Companies in a research note on Wednesday, February 28th. The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and lifted their price target for the company from $100.00 to $110.00 in a report on Thursday, April 25th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $104.29.

TJX Companies Price Performance

NYSE TJX opened at $95.11 on Friday. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $107.76 billion, a PE ratio of 24.64, a price-to-earnings-growth ratio of 2.44 and a beta of 0.87. The TJX Companies, Inc. has a 12-month low of $75.65 and a 12-month high of $102.84. The company has a 50 day moving average price of $97.03 and a two-hundred day moving average price of $94.02.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.10. The business had revenue of $16.41 billion during the quarter, compared to analyst estimates of $16.20 billion. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. TJX Companies’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.89 EPS. As a group, equities 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 disclosed 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. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.58%. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, May 15th. TJX Companies’s dividend payout ratio (DPR) is presently 34.46%.

TJX Companies announced that its board has authorized a stock repurchase plan on Wednesday, February 28th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the apparel and home fashions retailer to repurchase up to 2.2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 515,801 shares in the company, valued at $51,053,982.98. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the business’s 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 completion of the transaction, the chief executive officer now owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Louise Greenlees sold 2,694 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $98.83, for a total value of $266,248.02. Following the completion of the sale, the executive vice president now directly owns 50,273 shares in the company, valued at $4,968,480.59. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

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.