Marco Investment Management LLC Raises Position in The TJX Companies, Inc. (NYSE:TJX)

Marco Investment Management LLC raised its holdings in The TJX Companies, Inc. (NYSE:TJX) by 6.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 25,630 shares of the apparel and home fashions retailer’s stock after acquiring an additional 1,472 shares during the quarter. Marco Investment Management LLC’s holdings in TJX Companies were worth $2,404,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC raised its holdings in shares of TJX Companies by 3.3% in the 3rd quarter. Valeo Financial Advisors LLC now owns 24,277 shares of the apparel and home fashions retailer’s stock valued at $2,158,000 after purchasing an additional 785 shares in the last quarter. Covenant Partners LLC raised its stake in TJX Companies by 18.3% during the 3rd quarter. Covenant Partners LLC now owns 4,773 shares of the apparel and home fashions retailer’s stock worth $424,000 after acquiring an additional 739 shares in the last quarter. Linden Thomas Advisory Services LLC acquired a new stake in TJX Companies during the 3rd quarter worth $235,000. Golden State Equity Partners raised its stake in TJX Companies by 11.8% during the 3rd quarter. Golden State Equity Partners now owns 7,464 shares of the apparel and home fashions retailer’s stock worth $663,000 after acquiring an additional 787 shares in the last quarter. Finally, Bfsg LLC raised its stake in TJX Companies by 4.4% during the 3rd quarter. Bfsg LLC now owns 65,048 shares of the apparel and home fashions retailer’s stock worth $5,781,000 after acquiring an additional 2,765 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

TJX stock traded down $0.06 during trading on Friday, reaching $96.36. 3,748,411 shares of the company were exchanged, compared to its average volume of 4,860,047. The company has a market cap of $109.17 billion, a P/E ratio of 24.96, a PEG ratio of 2.48 and a beta of 0.86. The TJX Companies, Inc. has a 52-week low of $75.65 and a 52-week high of $102.84. The stock’s 50 day moving average price is $97.33 and its 200 day moving average price is $93.94. 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 released its quarterly earnings data on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 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 firm’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.89 earnings per share. As a group, analysts predict that The TJX Companies, Inc. will post 4.07 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Investors 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 represents a $1.50 dividend on an annualized basis and a yield of 1.56%. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s payout ratio is currently 34.46%.

TJX Companies declared that its board has authorized a share repurchase plan on Wednesday, February 28th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the apparel and home fashions retailer to reacquire up to 2.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts recently commented on TJX shares. UBS Group lifted their price target on shares of TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. BMO Capital Markets lifted their price target on shares of TJX Companies from $95.00 to $110.00 and gave the stock 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 target for the stock from $100.00 to $110.00 in a research note on Thursday. Telsey Advisory Group reissued an “outperform” rating and set a $105.00 price objective on shares of TJX Companies in a research report on Wednesday, February 28th. Finally, Redburn Atlantic downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective on the stock. in a research report on Monday, February 5th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $102.65.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction dated 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 completion of the transaction, 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 SEC, which is accessible through this hyperlink. Also, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction dated Friday, March 1st. The stock was 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 of the company’s stock, valued at approximately $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

About TJX Companies

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.