The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Horan Capital Advisors LLC.

Horan Capital Advisors LLC. lowered its holdings in The TJX Companies, Inc. (NYSE:TJX) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,558 shares of the apparel and home fashions retailer’s stock after selling 1,019 shares during the period. TJX Companies comprises about 1.5% of Horan Capital Advisors LLC.’s investment portfolio, making the stock its 20th biggest holding. Horan Capital Advisors LLC.’s holdings in TJX Companies were worth $4,086,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Anchor Investment Management LLC bought a new position in TJX Companies in the fourth quarter worth about $28,000. BKM Wealth Management LLC bought a new position in TJX Companies in the fourth quarter worth about $30,000. Larson Financial Group LLC lifted its holdings in TJX Companies by 76.0% in the third quarter. Larson Financial Group LLC now owns 389 shares of the apparel and home fashions retailer’s stock worth $35,000 after acquiring an additional 168 shares during the last quarter. BOK Financial Private Wealth Inc. bought a new position in TJX Companies in the fourth quarter worth about $40,000. Finally, Gradient Investments LLC lifted its holdings in TJX Companies by 86.7% in the fourth quarter. Gradient Investments LLC now owns 478 shares of the apparel and home fashions retailer’s stock worth $45,000 after acquiring an additional 222 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE TJX traded up $0.20 during trading on Friday, hitting $95.11. The company had a trading volume of 5,085,017 shares, compared to its average volume of 5,082,808. The TJX Companies, Inc. has a 52 week low of $75.65 and a 52 week high of $102.84. The business’s 50-day moving average is $97.03 and its 200 day moving average is $94.02. The company has a market cap of $107.76 billion, a P/E ratio of 24.64, a PEG ratio of 2.41 and a beta of 0.87. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.64 and a current ratio of 1.21.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. The company had revenue of $16.41 billion for 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 revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.89 earnings per share. Equities research analysts predict that The TJX Companies, Inc. will post 4.07 earnings per share for the current fiscal year.

TJX Companies announced that its Board of Directors has initiated a share 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 buy up to 2.2% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be given a $0.375 dividend. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Wednesday, May 15th. TJX Companies’s dividend payout ratio (DPR) is 34.46%.

Insider Activity

In related 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 owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Louise Greenlees sold 2,694 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $98.83, for a total value of $266,248.02. Following the completion of 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 value of $1,979,600.00. Following the transaction, the chief executive officer now directly owns 515,801 shares in the company, valued at approximately $51,053,982.98. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TJX shares. The Goldman Sachs Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and raised their target price for the stock from $100.00 to $110.00 in a report on Thursday, April 25th. BMO Capital Markets lifted their price target on TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $105.00 price target on shares of TJX Companies in a report on Wednesday, February 28th. Redburn Atlantic cut TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target on the stock. in a report on Monday, February 5th. Finally, UBS Group raised TJX Companies from a “neutral” rating to a “buy” rating and lifted their price target for the company from $104.00 to $132.00 in a report on Thursday. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.29.

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.