Catalyst Financial Partners LLC Acquires 215 Shares of The TJX Companies, Inc. (NYSE:TJX)

Catalyst Financial Partners LLC grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,126 shares of the apparel and home fashions retailer’s stock after acquiring an additional 215 shares during the quarter. Catalyst Financial Partners LLC’s holdings in TJX Companies were worth $481,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TJX. Anchor Investment Management LLC acquired a new stake in shares of TJX Companies during the 4th quarter valued at $28,000. BKM Wealth Management LLC acquired a new position in shares of TJX Companies in the fourth quarter valued at approximately $30,000. Larson Financial Group LLC boosted its position in TJX Companies by 76.0% during the 3rd quarter. Larson Financial Group LLC now owns 389 shares of the apparel and home fashions retailer’s stock worth $35,000 after buying an additional 168 shares during the period. BOK Financial Private Wealth Inc. bought a new stake in TJX Companies during the 4th quarter worth approximately $40,000. Finally, Gradient Investments LLC increased its position in TJX Companies by 86.7% in the 4th quarter. Gradient Investments LLC now owns 478 shares of the apparel and home fashions retailer’s stock valued at $45,000 after acquiring an additional 222 shares during the period. Institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Up 0.5 %

TJX Companies stock traded up $0.45 during trading hours on Thursday, reaching $98.95. The stock had a trading volume of 6,000,557 shares, compared to its average volume of 5,110,173. The stock has a market cap of $112.11 billion, a PE ratio of 25.62, a PEG ratio of 2.49 and a beta of 0.87. The company has a fifty day simple moving average of $96.80 and a 200-day simple moving average of $94.26. 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 52 week low of $75.65 and a 52 week high of $102.84.

TJX Companies (NYSE:TJX) last released its quarterly 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. The business had revenue of $16.41 billion during the quarter, compared to analyst estimates of $16.20 billion. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. TJX Companies’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.89 EPS. Analysts forecast that The TJX Companies, Inc. will post 4.1 EPS for the current fiscal year.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. 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 1.52%. TJX Companies’s dividend payout ratio is 34.46%.

TJX Companies declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 28th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the apparel and home fashions retailer to repurchase up to 2.2% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms have issued reports on TJX. The Goldman Sachs Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and raised their price target for the stock from $100.00 to $110.00 in a report on Thursday, April 25th. Redburn Atlantic downgraded TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target for the company. in a report on Monday, February 5th. UBS Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and increased their price target for the stock from $104.00 to $132.00 in a report on Thursday, May 2nd. BMO Capital Markets boosted their target price on shares of TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $105.00 price target on shares of TJX Companies in a research note on Wednesday, February 28th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $104.29.

Insider Activity

In related 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 value of $266,248.02. Following the completion of the transaction, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Louise Greenlees sold 2,694 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $4,968,480.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the transaction, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

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.