Cambridge Financial Group Inc. Has $7.13 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Cambridge Financial Group Inc. lowered its stake in The TJX Companies, Inc. (NYSE:TJX) by 10.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 75,976 shares of the apparel and home fashions retailer’s stock after selling 8,605 shares during the period. TJX Companies makes up 3.6% of Cambridge Financial Group Inc.’s portfolio, making the stock its 8th largest holding. Cambridge Financial Group Inc.’s holdings in TJX Companies were worth $7,127,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the company. Anchor Investment Management LLC bought a new stake in shares of TJX Companies in the fourth quarter valued at approximately $28,000. BKM Wealth Management LLC bought a new position in TJX Companies in the fourth quarter valued at approximately $30,000. Larson Financial Group LLC raised its position in TJX Companies by 76.0% during the third quarter. Larson Financial Group LLC now owns 389 shares of the apparel and home fashions retailer’s stock valued at $35,000 after purchasing an additional 168 shares in the last quarter. BOK Financial Private Wealth Inc. bought a new position in shares of TJX Companies in the 4th quarter valued at $40,000. Finally, Gradient Investments LLC lifted its position in shares of TJX Companies by 86.7% during the 4th quarter. Gradient Investments LLC now owns 478 shares of the apparel and home fashions retailer’s stock worth $45,000 after buying an additional 222 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Up 0.2 %

TJX traded up $0.20 during trading on Friday, hitting $95.11. The company’s stock had a trading volume of 5,894,076 shares, compared to its average volume of 5,182,456. The firm has a market capitalization of $107.76 billion, a P/E ratio of 24.64, a PEG ratio of 2.44 and a beta of 0.87. The TJX Companies, Inc. has a twelve month low of $75.65 and a twelve month 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 stock’s fifty day moving average price is $96.94 and its 200-day moving average price is $94.06.

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

TJX Companies announced that its Board of Directors has initiated a share repurchase plan on Wednesday, February 28th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the apparel and home fashions retailer to reacquire up to 2.2% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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 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 annualized dividend and a yield of 1.58%. TJX Companies’s payout ratio is 34.46%.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the company’s 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 completion of the transaction, the chief executive officer now owns 515,801 shares in the company, valued at approximately $51,053,982.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Ernie Herrman sold 20,000 shares of TJX Companies 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 of the company’s stock, valued at approximately $51,053,982.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Louise Greenlees sold 2,694 shares of the 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 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 Analyst Weigh In

TJX has been the subject of several research reports. Telsey Advisory Group reissued an “outperform” rating and issued a $105.00 price objective on shares of TJX Companies in a research note on Wednesday, February 28th. Redburn Atlantic downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 target price on the stock. in a research report on Monday, February 5th. 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 report on Thursday. 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 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 objective 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. Based on data from MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and an average target price 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.