AIA Group Ltd Purchases 12,276 Shares of The TJX Companies, Inc. (NYSE:TJX)

AIA Group Ltd grew its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 33.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,200 shares of the apparel and home fashions retailer’s stock after buying an additional 12,276 shares during the period. AIA Group Ltd’s holdings in TJX Companies were worth $4,615,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt increased its position in TJX Companies by 76.4% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,696 shares of the apparel and home fashions retailer’s stock worth $253,000 after buying an additional 1,168 shares during the period. Tandem Investment Advisors Inc. increased its position in shares of TJX Companies by 1.8% in the fourth quarter. Tandem Investment Advisors Inc. now owns 5,846 shares of the apparel and home fashions retailer’s stock worth $548,000 after purchasing an additional 106 shares during the period. Daiwa Securities Group Inc. increased its position in shares of TJX Companies by 9.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 119,994 shares of the apparel and home fashions retailer’s stock worth $11,256,000 after purchasing an additional 9,895 shares during the period. Oakworth Capital Inc. increased its position in shares of TJX Companies by 2.2% in the fourth quarter. Oakworth Capital Inc. now owns 11,115 shares of the apparel and home fashions retailer’s stock worth $1,043,000 after purchasing an additional 235 shares during the period. Finally, Arbor Trust Wealth Advisors LLC increased its position in shares of TJX Companies by 2.4% in the fourth quarter. Arbor Trust Wealth Advisors LLC now owns 22,541 shares of the apparel and home fashions retailer’s stock worth $2,115,000 after purchasing an additional 530 shares during the period. Institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now directly 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 SEC, which is available through this link. In other news, EVP Louise Greenlees sold 2,694 shares of the business’s 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 sale, the executive vice president now owns 50,273 shares in the company, valued at $4,968,480.59. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction that occurred 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 owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on TJX shares. 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 report on Thursday, February 29th. 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 report on Friday, March 1st. Redburn Atlantic cut 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. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $105.00 price target on shares of TJX Companies in a research report on Wednesday, February 28th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $102.19.

TJX Companies Trading Down 0.3 %

Shares of TJX Companies stock traded down $0.32 during midday trading on Thursday, reaching $92.81. The company had a trading volume of 2,055,273 shares, compared to its average volume of 5,007,325. The stock has a fifty day moving average price of $97.80 and a 200 day moving average price of $93.59. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.21 and a quick ratio of 0.64. The firm has a market cap of $105.15 billion, a PE ratio of 24.12, 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.

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 (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $16.20 billion. During the same period in the previous year, the firm earned $0.89 earnings per share. The company’s revenue was up 13.0% compared to the same quarter last year. On average, equities analysts anticipate that The TJX Companies, Inc. will post 4.07 earnings per share for the current year.

TJX Companies announced that its Board of Directors has initiated a stock buyback program on Wednesday, February 28th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the apparel and home fashions retailer to reacquire up to 2.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management 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 paid a $0.375 dividend. The ex-dividend date is Wednesday, May 15th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 annualized dividend and a yield of 1.62%. TJX Companies’s payout ratio is 38.86%.

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.