Syon Capital LLC Increases Holdings in The TJX Companies, Inc. (NYSE:TJX)

Syon Capital LLC boosted its stake in The TJX Companies, Inc. (NYSE:TJX) by 6.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,920 shares of the apparel and home fashions retailer’s stock after buying an additional 391 shares during the quarter. Syon Capital LLC’s holdings in TJX Companies were worth $649,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Avior Wealth Management LLC raised its holdings in TJX Companies by 3.3% in the 3rd quarter. Avior Wealth Management LLC now owns 3,728 shares of the apparel and home fashions retailer’s stock valued at $331,000 after acquiring an additional 119 shares during the last quarter. Meridian Wealth Management LLC raised its holdings in TJX Companies by 9.9% in the 3rd quarter. Meridian Wealth Management LLC now owns 7,606 shares of the apparel and home fashions retailer’s stock valued at $676,000 after acquiring an additional 683 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in TJX Companies by 467.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 21,420 shares of the apparel and home fashions retailer’s stock valued at $1,904,000 after acquiring an additional 17,647 shares during the last quarter. Boston Trust Walden Corp raised its holdings in TJX Companies by 0.7% in the 3rd quarter. Boston Trust Walden Corp now owns 104,156 shares of the apparel and home fashions retailer’s stock valued at $9,257,000 after acquiring an additional 775 shares during the last quarter. Finally, Strategic Blueprint LLC raised its holdings in TJX Companies by 9.8% in the 3rd quarter. Strategic Blueprint LLC now owns 6,791 shares of the apparel and home fashions retailer’s stock valued at $604,000 after acquiring an additional 607 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on TJX shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $105.00 price target on shares of TJX Companies in a report on Wednesday, February 28th. 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 report on Monday, February 5th. The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $100.00 to $110.00 in a report on Thursday. UBS Group upped their price objective on TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Finally, BMO Capital Markets upped their price objective on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $102.65.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the firm’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 in the company, valued at $51,053,982.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Louise Greenlees sold 2,694 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the transaction, the executive vice president now owns 50,273 shares in the company, valued at $4,968,480.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ernie Herrman sold 20,000 shares of the firm’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 transaction of $1,979,600.00. Following the transaction, the chief executive officer now owns 515,801 shares in the company, valued at approximately $51,053,982.98. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

TJX Companies Stock Down 0.1 %

Shares of TJX stock traded down $0.06 during trading hours on Friday, hitting $96.36. 3,736,500 shares of the company were exchanged, compared to its average volume of 5,058,491. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.64 and a current ratio of 1.21. The TJX Companies, Inc. has a one year low of $75.65 and a one year high of $102.84. The business’s 50-day simple moving average is $97.36 and its two-hundred day simple moving average is $93.82. The stock has a market capitalization of $109.17 billion, a price-to-earnings ratio of 25.00, a P/E/G ratio of 2.45 and a beta of 0.86.

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

TJX Companies Increases Dividend

The firm 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 dividend of $0.375 per share. This is a positive change from TJX Companies’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.50 annualized dividend and a yield of 1.56%. TJX Companies’s dividend payout ratio is 34.46%.

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

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.