The TJX Companies, Inc. (NYSE:TJX) Shares Bought by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 15.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 50,617 shares of the apparel and home fashions retailer’s stock after purchasing an additional 6,671 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in TJX Companies were worth $4,748,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TJX. Exchange Traded Concepts LLC raised its position in TJX Companies by 467.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 21,420 shares of the apparel and home fashions retailer’s stock valued at $1,904,000 after purchasing an additional 17,647 shares in the last quarter. Strategic Blueprint LLC raised its position in shares of TJX Companies by 9.8% during the 3rd quarter. Strategic Blueprint LLC now owns 6,791 shares of the apparel and home fashions retailer’s stock worth $604,000 after acquiring an additional 607 shares in the last quarter. Ballentine Partners LLC raised its position in shares of TJX Companies by 31.7% during the 3rd quarter. Ballentine Partners LLC now owns 20,828 shares of the apparel and home fashions retailer’s stock worth $1,851,000 after acquiring an additional 5,017 shares in the last quarter. Oak Harbor Wealth Partners LLC raised its position in shares of TJX Companies by 5.4% during the 3rd quarter. Oak Harbor Wealth Partners LLC now owns 8,491 shares of the apparel and home fashions retailer’s stock worth $755,000 after acquiring an additional 434 shares in the last quarter. Finally, Slow Capital Inc. raised its position in shares of TJX Companies by 4.2% during the 3rd quarter. Slow Capital Inc. now owns 43,985 shares of the apparel and home fashions retailer’s stock worth $3,909,000 after acquiring an additional 1,790 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 20,000 shares of the business’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 directly owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related 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 directly owns 515,801 shares in the company, valued at $51,053,982.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Louise Greenlees sold 2,694 shares of the company’s 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 transaction, the executive vice president now owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX stock opened at $96.36 on Friday. The stock has a fifty day moving average price of $97.33 and a 200 day moving average price of $93.87. The stock has a market cap of $109.17 billion, a PE ratio of 24.96, a P/E/G ratio of 2.48 and a beta of 0.86. The TJX Companies, Inc. has a 1 year low of $75.65 and a 1 year high of $102.84. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.64 and a current ratio of 1.21.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.10. The firm 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%. TJX Companies’s revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.89 earnings per share. Sell-side analysts forecast that The TJX Companies, Inc. will post 4.07 earnings per share for the current fiscal year.

TJX Companies announced that its board has initiated a share buyback plan 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 shares through open market purchases. Shares buyback plans are usually an indication that the company’s management 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. Stockholders of record on Thursday, May 16th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.56%. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, May 15th. TJX Companies’s payout ratio is 34.46%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TJX. 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. UBS Group raised their target price on TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Telsey Advisory Group restated an “outperform” rating and set a $105.00 price target 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 lifted their target price for the company from $100.00 to $110.00 in a research note on Thursday. Finally, Redburn Atlantic downgraded TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target on the stock. in a research note on Monday, February 5th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $102.65.

About TJX Companies

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.