Amalgamated Bank Has $26.96 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Amalgamated Bank decreased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 6.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 287,390 shares of the apparel and home fashions retailer’s stock after selling 19,596 shares during the quarter. Amalgamated Bank’s holdings in TJX Companies were worth $26,960,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in TJX Companies by 0.4% during the third quarter. Vanguard Group Inc. now owns 95,135,688 shares of the apparel and home fashions retailer’s stock worth $8,455,660,000 after purchasing an additional 392,783 shares during the period. FMR LLC boosted its stake in shares of TJX Companies by 13.1% during the 3rd quarter. FMR LLC now owns 52,008,484 shares of the apparel and home fashions retailer’s stock worth $4,622,514,000 after acquiring an additional 6,036,764 shares during the period. Morgan Stanley increased its holdings in shares of TJX Companies by 1.5% during the 3rd quarter. Morgan Stanley now owns 24,752,978 shares of the apparel and home fashions retailer’s stock worth $2,200,045,000 after acquiring an additional 371,163 shares during the last quarter. Northern Trust Corp raised its stake in TJX Companies by 2.3% in the 3rd quarter. Northern Trust Corp now owns 13,734,141 shares of the apparel and home fashions retailer’s stock valued at $1,220,690,000 after acquiring an additional 313,530 shares during the period. Finally, Jennison Associates LLC lifted its holdings in TJX Companies by 0.9% during the 3rd quarter. Jennison Associates LLC now owns 9,054,237 shares of the apparel and home fashions retailer’s stock valued at $804,741,000 after purchasing an additional 83,643 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Insiders Place Their Bets

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 transaction of $266,248.02. Following the transaction, the executive vice president now directly owns 50,273 shares in the company, valued at $4,968,480.59. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction 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 sale, the executive vice president now directly owns 50,273 shares in the company, valued at $4,968,480.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 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 disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Trading Up 1.2 %

TJX traded up $1.09 during midday trading on Thursday, hitting $94.91. 6,307,261 shares of the company were exchanged, compared to its average volume of 5,071,364. The firm has a market capitalization of $107.53 billion, a P/E ratio of 24.48, a P/E/G ratio of 2.42 and a beta of 0.87. The firm’s 50 day moving average price is $97.11 and its 200-day moving average price is $94.02. 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 TJX Companies, Inc. has a 1-year low of $75.65 and a 1-year high of $102.84.

TJX Companies (NYSE:TJX) last issued its earnings results 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 company had revenue of $16.41 billion for the quarter, compared to analysts’ expectations of $16.20 billion. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. TJX Companies’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period last year, the business earned $0.89 EPS. As a group, equities analysts forecast that The TJX Companies, Inc. will post 4.07 EPS for the current fiscal year.

TJX Companies announced that its board has initiated a stock buyback plan 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 buy up to 2.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

TJX Companies Increases Dividend

The business 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 dividend of $0.375 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.50 dividend on an annualized basis and a yield of 1.58%. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s payout ratio is 34.46%.

Analyst Ratings Changes

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

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.