10,676 Shares in The TJX Companies, Inc. (NYSE:TJX) Purchased by Stonebrook Private Inc.

Stonebrook Private Inc. acquired a new position in The TJX Companies, Inc. (NYSE:TJX) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 10,676 shares of the apparel and home fashions retailer’s stock, valued at approximately $1,001,000.

Several other large investors also recently bought and sold shares of the business. Tandem Investment Advisors Inc. boosted its position in TJX Companies by 1.8% in the fourth quarter. Tandem Investment Advisors Inc. now owns 5,846 shares of the apparel and home fashions retailer’s stock worth $548,000 after purchasing an additional 106 shares during the last quarter. Alhambra Investment Management LLC boosted its position in TJX Companies by 2.0% in the fourth quarter. Alhambra Investment Management LLC now owns 5,433 shares of the apparel and home fashions retailer’s stock worth $510,000 after purchasing an additional 108 shares during the last quarter. J.Safra Asset Management Corp boosted its position in TJX Companies by 9.9% in the fourth quarter. J.Safra Asset Management Corp now owns 1,196 shares of the apparel and home fashions retailer’s stock worth $112,000 after purchasing an additional 108 shares during the last quarter. BSW Wealth Partners boosted its position in TJX Companies by 2.0% in the fourth quarter. BSW Wealth Partners now owns 5,623 shares of the apparel and home fashions retailer’s stock worth $528,000 after purchasing an additional 109 shares during the last quarter. Finally, Insight Advisors LLC PA boosted its position in TJX Companies by 3.1% in the fourth quarter. Insight Advisors LLC PA now owns 3,757 shares of the apparel and home fashions retailer’s stock worth $352,000 after purchasing an additional 112 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other TJX Companies news, 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 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 filing with the SEC, which is accessible through this hyperlink. In other news, EVP Louise Greenlees sold 2,694 shares of the business’s 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 approximately $4,968,480.59. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction 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 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. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on TJX shares. Telsey Advisory Group reissued an “outperform” rating and issued a $105.00 target price on shares of TJX Companies in a research report on Wednesday, February 28th. BMO Capital Markets lifted 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. 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. Redburn Atlantic cut TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective on the stock. in a research report on Monday, February 5th. Finally, The Goldman Sachs Group raised TJX Companies from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $100.00 to $110.00 in a research report on Thursday. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.65.

TJX Companies Price Performance

TJX traded down $0.06 on Friday, hitting $96.36. 3,748,411 shares of the company’s stock traded hands, compared to its average volume of 4,860,047. The company’s 50 day simple moving average is $97.33 and its 200-day simple moving average is $93.90. The firm has a market cap of $109.17 billion, a price-to-earnings ratio of 24.96, a P/E/G ratio of 2.48 and a beta of 0.86. The TJX Companies, Inc. has a one year low of $75.65 and a one year high of $102.84. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 0.39.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share (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 for the quarter, compared to the consensus estimate of $16.20 billion. During the same quarter last year, the company earned $0.89 EPS. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. As a group, research 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 authorized a stock buyback program 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 purchase up to 2.2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be paid a $0.375 dividend. This is an increase 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 yield of 1.56%. TJX Companies’s payout ratio is presently 34.46%.

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.