Carson Advisory Inc. Buys Shares of 2,137 The TJX Companies, Inc. (NYSE:TJX)

Carson Advisory Inc. bought a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) in the 4th quarter, HoldingsChannel reports. The fund bought 2,137 shares of the apparel and home fashions retailer’s stock, valued at approximately $200,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. lifted its position in shares of TJX Companies by 848.7% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 102,825 shares of the apparel and home fashions retailer’s stock worth $9,646,000 after purchasing an additional 91,987 shares in the last quarter. Running Oak Capital LLC lifted its position in shares of TJX Companies by 14.9% in the fourth quarter. Running Oak Capital LLC now owns 100,951 shares of the apparel and home fashions retailer’s stock worth $9,470,000 after purchasing an additional 13,086 shares in the last quarter. Summit Global Investments lifted its position in shares of TJX Companies by 774.8% in the fourth quarter. Summit Global Investments now owns 144,423 shares of the apparel and home fashions retailer’s stock worth $13,548,000 after purchasing an additional 127,914 shares in the last quarter. Aveo Capital Partners LLC lifted its position in shares of TJX Companies by 6.0% in the fourth quarter. Aveo Capital Partners LLC now owns 3,568 shares of the apparel and home fashions retailer’s stock worth $335,000 after purchasing an additional 203 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in shares of TJX Companies by 124.9% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,286,879 shares of the apparel and home fashions retailer’s stock worth $120,722,000 after purchasing an additional 714,589 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

TJX traded up $0.20 during trading on Friday, reaching $95.11. 5,085,017 shares of the company’s stock were exchanged, compared to its average volume of 5,082,808. The TJX Companies, Inc. has a fifty-two week low of $75.65 and a fifty-two week high of $102.84. 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 business has a 50 day moving average price of $97.03 and a 200 day moving average price of $94.02. The company has a market capitalization of $107.76 billion, a P/E ratio of 24.64, a PEG ratio of 2.41 and a beta of 0.87.

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

TJX Companies declared that its board has initiated a share buyback 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 purchase up to 2.2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.375 per share. The ex-dividend date is Wednesday, May 15th. This is a boost 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 1.58%. TJX Companies’s dividend payout ratio (DPR) is presently 34.46%.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, 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 completion of the transaction, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Ernie Herrman sold 20,000 shares of TJX Companies 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 completion of the transaction, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Louise Greenlees sold 2,694 shares of TJX Companies 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 transaction, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TJX. Telsey Advisory Group reaffirmed an “outperform” rating and set a $105.00 price objective on shares of TJX Companies in a research report on Wednesday, February 28th. Redburn Atlantic downgraded TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target on the stock. in a report on Monday, February 5th. UBS Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and increased their price target for the company from $104.00 to $132.00 in a report on Thursday. BMO Capital Markets increased their price target on TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. Finally, The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and increased their price target for the company from $100.00 to $110.00 in a report on Thursday, April 25th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and a consensus price target of $104.29.

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.