Crew Capital Management Ltd. Buys New Stake in The TJX Companies, Inc. (NYSE:TJX)

Crew Capital Management Ltd. bought a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) during the 4th quarter, Holdings Channel.com reports. The firm bought 3,511 shares of the apparel and home fashions retailer’s stock, valued at approximately $329,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Anchor Investment Management LLC acquired a new position 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 during the 4th quarter valued at $30,000. Larson Financial Group LLC lifted its holdings in shares of 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 valued at $35,000 after acquiring an additional 168 shares in the last quarter. BOK Financial Private Wealth Inc. acquired a new position in shares of TJX Companies during the 4th quarter valued at $40,000. Finally, Gradient Investments LLC lifted its holdings 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 worth $45,000 after buying an additional 222 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the company’s 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 transaction, the executive vice president now owns 50,273 shares in the company, valued at approximately $4,968,480.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction on 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 owns 515,801 shares in the company, valued at approximately $51,053,982.98. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Louise Greenlees sold 2,694 shares of the stock in a transaction 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 in the company, valued at approximately $4,968,480.59. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

TJX has been the topic of a number of recent analyst reports. Redburn Atlantic lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective on the stock. in a report on Monday, February 5th. 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. UBS Group boosted their target price on shares of TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. The Goldman Sachs Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $100.00 to $110.00 in a research report on Thursday. Finally, BMO Capital Markets boosted their target price on shares of TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $102.65.

TJX Companies Stock Performance

NYSE TJX traded down $1.49 on Monday, hitting $94.87. The stock had a trading volume of 4,682,305 shares, compared to its average volume of 5,054,049. The TJX Companies, Inc. has a one year low of $75.65 and a one year high of $102.84. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 0.39. The stock has a market cap of $107.48 billion, a price-to-earnings ratio of 24.68, a P/E/G ratio of 2.48 and a beta of 0.86. The company’s 50-day moving average is $97.33 and its two-hundred day moving average is $93.94.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping the consensus estimate of $1.12 by $0.10. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The firm had revenue of $16.41 billion during the quarter, compared to analysts’ expectations of $16.20 billion. During the same quarter in the prior year, the firm earned $0.89 EPS. TJX Companies’s quarterly revenue was up 13.0% on a year-over-year basis. On average, analysts expect that The TJX Companies, Inc. will post 4.07 earnings per share for the current year.

TJX Companies declared that its Board of Directors has approved a stock buyback program on Wednesday, February 28th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the apparel and home fashions retailer to reacquire up to 2.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

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 paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.58%. The ex-dividend date is Wednesday, May 15th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s dividend payout ratio is currently 34.46%.

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.