Avalon Trust Co Sells 1,863 Shares of The TJX Companies, Inc. (NYSE:TJX)

Avalon Trust Co lessened its holdings in The TJX Companies, Inc. (NYSE:TJX) by 0.9% during the 4th quarter, Holdings Channel reports. The firm owned 216,412 shares of the apparel and home fashions retailer’s stock after selling 1,863 shares during the period. TJX Companies makes up approximately 1.9% of Avalon Trust Co’s portfolio, making the stock its 17th biggest position. Avalon Trust Co’s holdings in TJX Companies were worth $20,302,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. TCG Advisory Services LLC acquired a new stake in shares of TJX Companies in the 4th quarter valued at approximately $317,000. Vestmark Advisory Solutions Inc. increased its position in shares of TJX Companies by 323.9% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 33,813 shares of the apparel and home fashions retailer’s stock worth $3,172,000 after acquiring an additional 25,837 shares in the last quarter. AJOVista LLC acquired a new position in TJX Companies in the 4th quarter worth $120,000. Provence Wealth Management Group grew its holdings in shares of TJX Companies by 6.8% during the fourth quarter. Provence Wealth Management Group now owns 4,088 shares of the apparel and home fashions retailer’s stock worth $383,000 after buying an additional 260 shares in the last quarter. Finally, Blue Fin Capital Inc. grew its stake in shares of TJX Companies by 2.4% during the 4th quarter. Blue Fin Capital Inc. now owns 23,924 shares of the apparel and home fashions retailer’s stock worth $2,244,000 after acquiring an additional 554 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Trading Up 0.2 %

Shares of TJX stock traded up $0.20 during trading hours on Friday, hitting $95.11. 5,894,076 shares of the company were exchanged, compared to its average volume of 5,182,456. The company has a 50 day simple moving average of $96.94 and a two-hundred day simple moving average of $94.06. The firm has a market cap of $107.76 billion, a P/E ratio of 24.64, a P/E/G ratio of 2.44 and a beta of 0.87. 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 fifty-two week low of $75.65 and a fifty-two week high of $102.84.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results 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. 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 during the quarter, compared to analysts’ expectations of $16.20 billion. During the same period last year, the company posted $0.89 earnings per share. The business’s quarterly revenue was up 13.0% on a year-over-year basis. Equities analysts anticipate that The TJX Companies, Inc. will post 4.07 EPS for the current year.

TJX Companies Increases Dividend

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

TJX Companies declared that its board has authorized a stock repurchase program on Wednesday, February 28th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the apparel and home fashions retailer to reacquire up to 2.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts recently commented on TJX shares. Redburn Atlantic cut shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 target price 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 lifted their target price for the stock from $100.00 to $110.00 in a research note on Thursday, April 25th. Telsey Advisory Group restated an “outperform” rating and set a $105.00 price objective on shares of TJX Companies in a research report on Wednesday, February 28th. UBS Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and upped their price target for the company from $104.00 to $132.00 in a research note on Thursday. Finally, BMO Capital Markets raised their target price on shares of TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and a consensus price target of $104.29.

Insiders Place Their Bets

In related news, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction on 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 of the company’s stock, valued at approximately $4,968,480.59. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction that occurred 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 transaction, the executive vice president now owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 transaction of $1,979,600.00. Following the transaction, the chief executive officer now directly 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 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.