Arbor Trust Wealth Advisors LLC Acquires 530 Shares of The TJX Companies, Inc. (NYSE:TJX)

Arbor Trust Wealth Advisors LLC grew its holdings in The TJX Companies, Inc. (NYSE:TJX) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,541 shares of the apparel and home fashions retailer’s stock after acquiring an additional 530 shares during the period. TJX Companies accounts for approximately 1.3% of Arbor Trust Wealth Advisors LLC’s holdings, making the stock its 26th largest position. Arbor Trust Wealth Advisors LLC’s holdings in TJX Companies were worth $2,115,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC raised its stake in shares of TJX Companies by 90,089.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,788,543 shares of the apparel and home fashions retailer’s stock valued at $1,575,168,000 after buying an additional 19,766,602 shares in the last quarter. Morgan Stanley boosted its stake in shares of TJX Companies by 88.1% in the 4th quarter. Morgan Stanley now owns 26,619,778 shares of the apparel and home fashions retailer’s stock valued at $2,118,935,000 after purchasing an additional 12,468,119 shares during the last quarter. Norges Bank bought a new position in shares of TJX Companies in the 4th quarter valued at about $891,631,000. Ontario Teachers Pension Plan Board bought a new position in shares of TJX Companies in the 1st quarter valued at about $408,331,000. Finally, FMR LLC boosted its stake in shares of TJX Companies by 13.1% in the 3rd 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 during the last quarter. 91.09% of the stock is owned by institutional investors.

Insider Transactions at TJX Companies

In related 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 completion of the transaction, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related 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 completion of the transaction, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction 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 directly owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

TJX Companies Stock Up 0.4 %

TJX stock traded up $0.41 during mid-day trading on Tuesday, hitting $93.39. 4,063,516 shares of the company were exchanged, compared to its average volume of 5,051,115. The firm has a market cap of $105.81 billion, a P/E ratio of 24.09, a P/E/G ratio of 2.43 and a beta of 0.86. The TJX Companies, Inc. has a 1-year low of $75.65 and a 1-year high of $102.84. The firm’s 50 day simple moving average is $97.97 and its 200 day simple moving average is $93.57. 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 quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.10. The company had revenue of $16.41 billion during 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 business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the business earned $0.89 EPS. On average, sell-side analysts predict that The TJX Companies, Inc. will post 4.07 EPS for the current fiscal year.

TJX Companies announced that its board has authorized a share buyback program on Wednesday, February 28th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the apparel and home fashions retailer to reacquire up to 2.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

TJX Companies Increases Dividend

The firm 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 dividend of $0.375 per share. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Wednesday, May 15th. TJX Companies’s dividend payout ratio (DPR) is currently 34.46%.

Wall Street Analyst Weigh In

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