Apollon Wealth Management LLC Acquires 8,166 Shares of The TJX Companies, Inc. (NYSE:TJX)

Apollon Wealth Management LLC increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 33.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,818 shares of the apparel and home fashions retailer’s stock after buying an additional 8,166 shares during the period. Apollon Wealth Management LLC’s holdings in TJX Companies were worth $3,079,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Anchor Investment Management LLC purchased a new stake in TJX Companies in the 4th quarter worth about $28,000. BKM Wealth Management LLC purchased a new position in TJX Companies during the fourth quarter worth about $30,000. Larson Financial Group LLC raised its holdings in shares of TJX Companies by 76.0% in the 3rd quarter. Larson Financial Group LLC now owns 389 shares of the apparel and home fashions retailer’s stock valued at $35,000 after acquiring an additional 168 shares in the last quarter. BOK Financial Private Wealth Inc. purchased a new position in shares of TJX Companies during the fourth quarter worth about $40,000. Finally, Gradient Investments LLC raised its stake in TJX Companies by 86.7% in the fourth quarter. Gradient Investments LLC now owns 478 shares of the apparel and home fashions retailer’s stock valued at $45,000 after purchasing an additional 222 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Louise Greenlees sold 2,694 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the sale, the executive vice president now owns 50,273 shares of the company’s stock, valued at $4,968,480.59. 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 the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the completion of the sale, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction that occurred 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 sale, the executive vice president now directly owns 50,273 shares in the company, valued at approximately $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Telsey Advisory Group reissued an “outperform” rating and issued a $105.00 price target on shares of TJX Companies in a report on Wednesday, February 28th. Redburn Atlantic lowered 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. The Goldman Sachs Group raised TJX Companies from a “neutral” rating to a “buy” rating and upped their target price for the stock from $100.00 to $110.00 in a research note on Thursday, April 25th. BMO Capital Markets lifted their price target on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. Finally, UBS Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and raised their target price for the stock from $104.00 to $132.00 in a report on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.29.

TJX Companies Trading Up 0.5 %

Shares of NYSE:TJX traded up $0.45 during trading on Tuesday, reaching $97.90. 4,749,316 shares of the company were exchanged, compared to its average volume of 5,091,767. The business’s fifty day simple moving average is $96.91 and its 200-day simple moving average is $94.16. 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 firm has a market capitalization of $110.92 billion, a PE ratio of 25.24, a P/E/G ratio of 2.45 and a beta of 0.87. 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 announced 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%. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period last year, the business posted $0.89 earnings per share. On average, research analysts anticipate that The TJX Companies, Inc. will post 4.07 EPS for the current year.

TJX Companies announced that its board has approved a stock repurchase plan on Wednesday, February 28th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the apparel and home fashions retailer to purchase up to 2.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

TJX Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be given a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.53%. TJX Companies’s payout ratio is 34.46%.

TJX Companies Company 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.