Orion Capital Management LLC Buys 2,411 Shares of The TJX Companies, Inc. (NYSE:TJX)

Orion Capital Management LLC boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 2,739.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,499 shares of the apparel and home fashions retailer’s stock after purchasing an additional 2,411 shares during the period. Orion Capital Management LLC’s holdings in TJX Companies were worth $234,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Concord Wealth Partners lifted its position in TJX Companies by 496.3% during the fourth quarter. Concord Wealth Partners now owns 5,420 shares of the apparel and home fashions retailer’s stock valued at $508,000 after purchasing an additional 4,511 shares during the period. Essex Financial Services Inc. raised its position in TJX Companies by 0.6% in the fourth quarter. Essex Financial Services Inc. now owns 35,018 shares of the apparel and home fashions retailer’s stock worth $3,285,000 after acquiring an additional 216 shares during the period. Berry Wealth Group LP bought a new position in TJX Companies in the fourth quarter worth approximately $529,000. Global Wealth Management Investment Advisory Inc. raised its position in TJX Companies by 5.2% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 12,539 shares of the apparel and home fashions retailer’s stock worth $1,176,000 after acquiring an additional 620 shares during the period. Finally, Hexagon Capital Partners LLC raised its position in TJX Companies by 34.1% in the fourth quarter. Hexagon Capital Partners LLC now owns 1,413 shares of the apparel and home fashions retailer’s stock worth $133,000 after acquiring an additional 359 shares during the period. Institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

TJX has been the topic of several recent research reports. The Goldman Sachs Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and increased their price target for the stock from $100.00 to $110.00 in a research report on Thursday, April 25th. UBS Group increased their price target 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. BMO Capital Markets increased their price objective on shares of TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. Telsey Advisory Group reissued an “outperform” rating and issued a $105.00 price objective on shares of TJX Companies in a research note on Wednesday, February 28th. Finally, Redburn Atlantic cut shares of 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. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.65.

TJX Companies Price Performance

TJX traded up $0.06 during trading on Wednesday, hitting $94.15. 3,721,518 shares of the company traded hands, compared to its average volume of 5,035,174. The TJX Companies, Inc. has a 1 year low of $75.65 and a 1 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. The stock’s 50-day simple moving average is $97.20 and its two-hundred day simple moving average is $94.02. The company has a market cap of $106.67 billion, a PE ratio of 24.39, a P/E/G ratio of 2.44 and a beta of 0.86.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating 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 business had revenue of $16.41 billion during the quarter, compared to analyst estimates of $16.20 billion. During the same quarter last year, the business earned $0.89 earnings per share. TJX Companies’s quarterly revenue was up 13.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.07 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.50 annualized dividend and a yield of 1.59%. This is a positive change from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s dividend payout ratio (DPR) is 34.46%.

TJX Companies announced that its board has initiated 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 buy 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.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, 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 transaction of $266,248.02. Following the completion of the transaction, the executive vice president now owns 50,273 shares in the company, valued at $4,968,480.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 515,801 shares in the company, valued at approximately $51,053,982.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Louise Greenlees sold 2,694 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $98.83, for a total transaction of $266,248.02. Following the completion of the sale, the executive vice president now owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

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.