Calamos Advisors LLC Sells 3,162 Shares of The TJX Companies, Inc. (NYSE:TJX)

Calamos Advisors LLC lowered its position in The TJX Companies, Inc. (NYSE:TJX) by 0.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 381,269 shares of the apparel and home fashions retailer’s stock after selling 3,162 shares during the period. Calamos Advisors LLC’s holdings in TJX Companies were worth $35,767,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Xponance Inc. grew its holdings in TJX Companies by 1.1% during the fourth quarter. Xponance Inc. now owns 266,331 shares of the apparel and home fashions retailer’s stock valued at $24,985,000 after purchasing an additional 2,996 shares during the period. AIA Group Ltd grew its holdings in TJX Companies by 33.2% during the fourth quarter. AIA Group Ltd now owns 49,200 shares of the apparel and home fashions retailer’s stock valued at $4,615,000 after purchasing an additional 12,276 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in TJX Companies by 76.4% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,696 shares of the apparel and home fashions retailer’s stock valued at $253,000 after purchasing an additional 1,168 shares during the period. Tandem Investment Advisors Inc. grew its holdings in TJX Companies by 1.8% during the fourth quarter. Tandem Investment Advisors Inc. now owns 5,846 shares of the apparel and home fashions retailer’s stock valued at $548,000 after purchasing an additional 106 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in TJX Companies by 9.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 119,994 shares of the apparel and home fashions retailer’s stock valued at $11,256,000 after purchasing an additional 9,895 shares during the period. Institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

TJX has been the subject of several recent research reports. UBS Group boosted their price target on TJX Companies from $95.00 to $104.00 and gave the company a “neutral” rating in a report on Friday, March 1st. BMO Capital Markets upped their price objective on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. Redburn Atlantic lowered TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective for the company. in a research note on Monday, February 5th. Finally, 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. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and a consensus price target of $102.19.

TJX Companies Trading Down 0.5 %

Shares of TJX traded down $0.47 during mid-day trading on Thursday, reaching $92.66. 3,290,673 shares of the company’s stock traded hands, compared to its average volume of 5,024,709. The stock has a market cap of $104.98 billion, a P/E ratio of 24.12, a P/E/G ratio of 2.40 and a beta of 0.86. The stock’s 50-day moving average is $97.80 and its two-hundred day moving average is $93.59. The TJX Companies, Inc. has a 12 month low of $75.65 and a 12 month high of $102.84. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.21 and a quick ratio of 0.64.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating 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 analysts’ expectations of $16.20 billion. During the same quarter in the prior year, the firm posted $0.89 earnings per share. The company’s quarterly revenue was up 13.0% on a year-over-year basis. Research analysts forecast that The TJX Companies, Inc. will post 4.07 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be paid a $0.375 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $1.50 annualized dividend and a yield of 1.62%. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s dividend payout ratio is 38.86%.

TJX Companies declared that its Board of Directors has initiated a share 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 reacquire up to 2.2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 20,000 shares of the 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 transaction, the chief executive officer now owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other TJX Companies 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 sale, the chief executive officer now owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Louise Greenlees sold 2,694 shares of the 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 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 owned by insiders.

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.