Seven Eight Capital LP Sells 543 Shares of The TJX Companies, Inc. (NYSE:TJX)

Seven Eight Capital LP cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,885 shares of the apparel and home fashions retailer’s stock after selling 543 shares during the period. Seven Eight Capital LP’s holdings in TJX Companies were worth $5,712,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Security National Bank acquired a new position in TJX Companies during the 4th quarter worth $40,000. Teca Partners LP lifted its holdings in TJX Companies by 4.5% during the 4th quarter. Teca Partners LP now owns 123,511 shares of the apparel and home fashions retailer’s stock worth $11,587,000 after buying an additional 5,348 shares in the last quarter. Waterloo Capital L.P. acquired a new position in TJX Companies during the 4th quarter worth $986,000. Schroder Investment Management Group lifted its holdings in TJX Companies by 52.3% during the 4th quarter. Schroder Investment Management Group now owns 3,164,369 shares of the apparel and home fashions retailer’s stock worth $296,849,000 after buying an additional 1,086,125 shares in the last quarter. Finally, Prudential PLC lifted its holdings in TJX Companies by 1.6% during the 4th quarter. Prudential PLC now owns 116,070 shares of the apparel and home fashions retailer’s stock worth $10,889,000 after buying an additional 1,820 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Up 0.5 %

Shares of NYSE TJX traded up $0.51 during mid-day trading on Friday, hitting $107.44. The company had a trading volume of 8,043,391 shares, compared to its average volume of 7,153,484. The company has a market capitalization of $121.42 billion, a PE ratio of 26.66, a price-to-earnings-growth ratio of 2.87 and a beta of 0.87. The firm has a 50-day simple moving average of $98.30 and a two-hundred day simple moving average of $96.12. The company has a current ratio of 1.23, a quick ratio of 0.61 and a debt-to-equity ratio of 0.38. The TJX Companies, Inc. has a one year low of $77.44 and a one year high of $108.58.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.06. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The company had revenue of $12.48 billion during the quarter, compared to analysts’ expectations of $12.48 billion. During the same quarter last year, the company earned $0.76 EPS. TJX Companies’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, equities analysts expect that The TJX Companies, Inc. will post 4.09 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be paid a $0.375 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.50 annualized dividend and a yield of 1.40%. TJX Companies’s dividend payout ratio (DPR) is currently 37.22%.

TJX Companies announced that its Board of Directors has initiated a stock buyback program 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 programs are usually a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. The Goldman Sachs Group raised 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 report on Thursday, April 25th. Robert W. Baird increased their price target on TJX Companies from $110.00 to $113.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Sanford C. Bernstein increased their price target on TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Evercore ISI set a $113.00 price target on TJX Companies in a research note on Tuesday, May 21st. Finally, Deutsche Bank Aktiengesellschaft set a $114.00 price target on TJX Companies in a research note on Tuesday, May 21st. Two equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.37.

Insider Activity at TJX Companies

In related 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 directly owns 515,801 shares in the company, valued at approximately $51,053,982.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other TJX Companies news, EVP Kenneth Canestrari sold 20,332 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the completion of the sale, the executive vice president now directly owns 110,893 shares in the company, valued at $11,089,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 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 $51,053,982.98. The disclosure for this sale can be found here. In the last ninety days, insiders sold 70,003 shares of company stock worth $7,040,541. 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.