Eagle Bluffs Wealth Management LLC Decreases Position in The TJX Companies, Inc. (NYSE:TJX)

Eagle Bluffs Wealth Management LLC lessened its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 17.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,840 shares of the apparel and home fashions retailer’s stock after selling 830 shares during the quarter. Eagle Bluffs Wealth Management LLC’s holdings in TJX Companies were worth $360,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Alhambra Investment Management LLC lifted its holdings in shares of TJX Companies by 2.0% during the fourth quarter. Alhambra Investment Management LLC now owns 5,433 shares of the apparel and home fashions retailer’s stock valued at $510,000 after purchasing an additional 108 shares during the last quarter. BSW Wealth Partners raised its holdings in shares of TJX Companies by 2.0% during the fourth quarter. BSW Wealth Partners now owns 5,623 shares of the apparel and home fashions retailer’s stock valued at $528,000 after acquiring an additional 109 shares during the period. Insight Advisors LLC PA lifted its position in shares of TJX Companies by 3.1% in the 4th quarter. Insight Advisors LLC PA now owns 3,757 shares of the apparel and home fashions retailer’s stock valued at $352,000 after acquiring an additional 112 shares in the last quarter. First Business Financial Services Inc. boosted its stake in TJX Companies by 0.6% in the 3rd quarter. First Business Financial Services Inc. now owns 18,177 shares of the apparel and home fashions retailer’s stock worth $1,616,000 after purchasing an additional 113 shares during the period. Finally, WNY Asset Management LLC grew its position in TJX Companies by 4.8% during the 3rd quarter. WNY Asset Management LLC now owns 2,511 shares of the apparel and home fashions retailer’s stock worth $223,000 after purchasing an additional 115 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

NYSE TJX traded up $0.58 during trading on Tuesday, reaching $93.56. 2,653,618 shares of the company’s stock were exchanged, compared to its average volume of 5,029,689. The business has a 50 day moving average price of $97.97 and a 200-day moving average price of $93.57. The stock has a market capitalization of $106.00 billion, a P/E ratio of 24.09, a PEG ratio of 2.43 and a beta of 0.86. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.21 and a quick ratio of 0.64. 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 announced its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The firm had revenue of $16.41 billion for the quarter, compared to the consensus estimate of $16.20 billion. During the same quarter in the previous year, the business earned $0.89 earnings per share. The business’s revenue was up 13.0% compared to the same quarter last year. Sell-side analysts forecast 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 announced a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be given a dividend of $0.375 per share. This is a positive change from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 annualized dividend and a yield of 1.60%. The ex-dividend date is Wednesday, May 15th. TJX Companies’s dividend payout ratio (DPR) is currently 34.46%.

TJX Companies announced that its Board of Directors has approved a stock buyback 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 repurchase up to 2.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

TJX has been the topic of several research analyst reports. Redburn Atlantic cut shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target on the stock. in a report on Monday, February 5th. Telsey Advisory Group restated an “outperform” rating and set a $105.00 target price on shares of TJX Companies in a research report on Wednesday, February 28th. BMO Capital Markets raised their target price on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Finally, UBS Group lifted their price objective on TJX Companies from $95.00 to $104.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.19.

Insider Buying and Selling

In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the 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 completion of the sale, the executive vice president now directly 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 accessible through this hyperlink. In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the 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 completion of the sale, the executive vice president now directly 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 accessible through this hyperlink. Also, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

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.