Russell Investments Group Ltd. Acquires 82,133 Shares of The TJX Companies, Inc. (NYSE:TJX)

Russell Investments Group Ltd. raised its holdings in The TJX Companies, Inc. (NYSE:TJX) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,866,307 shares of the apparel and home fashions retailer’s stock after acquiring an additional 82,133 shares during the quarter. Russell Investments Group Ltd. owned about 0.16% of TJX Companies worth $174,914,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC boosted its position in shares of TJX Companies by 467.7% during the third quarter. Exchange Traded Concepts LLC now owns 21,420 shares of the apparel and home fashions retailer’s stock worth $1,904,000 after purchasing an additional 17,647 shares in the last quarter. Strategic Blueprint LLC boosted its position in shares of TJX Companies by 9.8% during the third quarter. Strategic Blueprint LLC now owns 6,791 shares of the apparel and home fashions retailer’s stock worth $604,000 after purchasing an additional 607 shares in the last quarter. Ballentine Partners LLC boosted its position in shares of TJX Companies by 31.7% during the third quarter. Ballentine Partners LLC now owns 20,828 shares of the apparel and home fashions retailer’s stock worth $1,851,000 after purchasing an additional 5,017 shares in the last quarter. Oak Harbor Wealth Partners LLC boosted its position in shares of TJX Companies by 5.4% during the third quarter. Oak Harbor Wealth Partners LLC now owns 8,491 shares of the apparel and home fashions retailer’s stock worth $755,000 after purchasing an additional 434 shares in the last quarter. Finally, Slow Capital Inc. boosted its position in shares of TJX Companies by 4.2% during the third quarter. Slow Capital Inc. now owns 43,985 shares of the apparel and home fashions retailer’s stock worth $3,909,000 after purchasing an additional 1,790 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the 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 completion of the transaction, the chief executive officer now owns 515,801 shares in the company, valued at $51,053,982.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Louise Greenlees sold 2,694 shares of the firm’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 completion of the transaction, the executive vice president now directly 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 this hyperlink. Also, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on TJX shares. UBS Group raised their price objective on shares of TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Telsey Advisory Group restated an “outperform” rating and issued a $105.00 target price on shares of TJX Companies in a research report on Wednesday, February 28th. 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. The Goldman Sachs Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $100.00 to $110.00 in a research report on Thursday. 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 report on Monday, February 5th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.65.

TJX Companies Stock Down 0.1 %

Shares of TJX stock traded down $0.06 on Friday, hitting $96.36. The stock had a trading volume of 3,748,411 shares, compared to its average volume of 4,860,047. The business has a 50 day moving average of $97.33 and a 200 day moving average of $93.87. The stock has a market cap of $109.17 billion, a price-to-earnings ratio of 24.96, a price-to-earnings-growth ratio of 2.48 and a beta of 0.86. 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 12-month low of $75.65 and a 12-month high of $102.84.

TJX Companies (NYSE:TJX) last announced its earnings results 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. The company had revenue of $16.41 billion during the quarter, compared to the consensus estimate of $16.20 billion. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.89 earnings per share. As a group, analysts expect that The TJX Companies, Inc. will post 4.07 EPS for the current year.

TJX Companies announced that its Board of Directors has initiated 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 an indication that the company’s board of directors 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. Investors of record on Thursday, May 16th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Wednesday, May 15th. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s dividend payout ratio (DPR) is 38.86%.

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.