Waycross Partners LLC Has $14.41 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Waycross Partners LLC trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 10.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 153,593 shares of the apparel and home fashions retailer’s stock after selling 18,201 shares during the period. TJX Companies accounts for approximately 2.7% of Waycross Partners LLC’s portfolio, making the stock its 12th largest holding. Waycross Partners LLC’s holdings in TJX Companies were worth $14,409,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of TJX. Linden Thomas Advisory Services LLC acquired a new stake in TJX Companies during the 3rd quarter worth approximately $235,000. Commonwealth Equity Services LLC boosted its position in TJX Companies by 0.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 279,593 shares of the apparel and home fashions retailer’s stock worth $24,850,000 after buying an additional 1,187 shares during the period. Suncoast Equity Management boosted its position in TJX Companies by 71.8% during the 3rd quarter. Suncoast Equity Management now owns 24,215 shares of the apparel and home fashions retailer’s stock worth $2,152,000 after buying an additional 10,120 shares during the period. Toews Corp ADV acquired a new stake in TJX Companies during the 3rd quarter worth approximately $773,000. Finally, Accurate Wealth Management LLC boosted its position in TJX Companies by 4.9% during the 3rd quarter. Accurate Wealth Management LLC now owns 29,763 shares of the apparel and home fashions retailer’s stock worth $2,697,000 after buying an additional 1,403 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Louise Greenlees sold 2,694 shares of the business’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 transaction, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was 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 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 Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Louise Greenlees sold 2,694 shares of the business’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 owns 50,273 shares in the company, valued at $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on TJX. Telsey Advisory Group reiterated an “outperform” rating and set a $105.00 target price on shares of TJX Companies in a research report on Wednesday, February 28th. Redburn Atlantic lowered shares of 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. BMO Capital Markets lifted their price objective on shares of TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. The Goldman Sachs Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $100.00 to $110.00 in a research note on Thursday, April 25th. Finally, UBS Group lifted their price objective on shares of TJX Companies from $95.00 to $104.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and an average price target of $102.65.

TJX Companies Stock Down 0.8 %

TJX stock traded down $0.78 during midday trading on Tuesday, reaching $94.09. 5,117,005 shares of the company’s stock traded hands, compared to its average volume of 5,054,806. 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 company has a market cap of $106.60 billion, a price-to-earnings ratio of 24.38, a P/E/G ratio of 2.48 and a beta of 0.86. The firm’s fifty day moving average price is $97.20 and its 200-day moving average price is $94.02. The TJX Companies, Inc. has a 52 week low of $75.65 and a 52 week high of $102.84.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. The firm had revenue of $16.41 billion for the quarter, compared to the consensus estimate of $16.20 billion. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.89 EPS. As a group, sell-side analysts forecast that The TJX Companies, Inc. will post 4.07 earnings per share for the current fiscal year.

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

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 issued a $0.375 dividend. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Wednesday, May 15th. TJX Companies’s payout ratio is 34.46%.

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.