Connecticut Wealth Management LLC Acquires 956 Shares of The TJX Companies, Inc. (NYSE:TJX)

Connecticut Wealth Management LLC increased its holdings in The TJX Companies, Inc. (NYSE:TJX) by 5.6% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 18,017 shares of the apparel and home fashions retailer’s stock after buying an additional 956 shares during the quarter. Connecticut Wealth Management LLC’s holdings in TJX Companies were worth $1,690,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of TJX. Sage Mountain Advisors LLC boosted its stake in shares of TJX Companies by 27.7% in the 3rd quarter. Sage Mountain Advisors LLC now owns 3,609 shares of the apparel and home fashions retailer’s stock worth $321,000 after buying an additional 782 shares during the last quarter. Everhart Financial Group Inc. increased its position in TJX Companies by 13.9% during the third quarter. Everhart Financial Group Inc. now owns 4,747 shares of the apparel and home fashions retailer’s stock valued at $422,000 after acquiring an additional 580 shares during the last quarter. Lindbrook Capital LLC increased its position in TJX Companies by 22.9% during the third quarter. Lindbrook Capital LLC now owns 5,278 shares of the apparel and home fashions retailer’s stock valued at $469,000 after acquiring an additional 983 shares during the last quarter. WealthShield Partners LLC increased its position in TJX Companies by 2.9% during the third quarter. WealthShield Partners LLC now owns 26,887 shares of the apparel and home fashions retailer’s stock valued at $2,390,000 after acquiring an additional 762 shares during the last quarter. Finally, Verdence Capital Advisors LLC increased its position in TJX Companies by 7.0% during the third quarter. Verdence Capital Advisors LLC now owns 7,016 shares of the apparel and home fashions retailer’s stock valued at $624,000 after acquiring an additional 456 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In other 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 value of $266,248.02. Following the completion of the transaction, the executive vice president now owns 50,273 shares in the company, valued at approximately $4,968,480.59. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other 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 value of $266,248.02. Following the completion of the transaction, the executive vice president now owns 50,273 shares in the company, valued at approximately $4,968,480.59. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction that occurred 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 of the company’s stock, valued at approximately $51,053,982.98. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

NYSE TJX traded up $0.20 during trading on Friday, hitting $95.11. 5,894,076 shares of the stock traded hands, compared to its average volume of 5,182,456. The company has a market capitalization of $107.76 billion, a P/E ratio of 24.64, a price-to-earnings-growth ratio of 2.45 and a beta of 0.87. The firm has a 50-day simple moving average of $96.94 and a 200-day simple moving average of $94.11. 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 12-month low of $75.65 and a 12-month high of $102.84.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.10. The business had revenue of $16.41 billion during 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%. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.89 EPS. As a group, analysts predict 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 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 repurchase up to 2.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

TJX Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be issued a $0.375 dividend. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, May 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.58%. TJX Companies’s payout ratio is 34.46%.

Wall Street Analysts Forecast Growth

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