TJX Companies Inc (TJX) Position Boosted by Keystone Financial Group
Keystone Financial Group boosted its position in shares of TJX Companies Inc (NYSE:TJX) by 126.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,245 shares of the apparel and home fashions retailer’s stock after acquiring an additional 7,391 shares during the period. Keystone Financial Group’s holdings in TJX Companies were worth $593,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the stock. TrinityPoint Wealth LLC purchased a new position in TJX Companies during the fourth quarter valued at approximately $935,000. Citizens Financial Group Inc RI grew its stake in TJX Companies by 102.3% during the fourth quarter. Citizens Financial Group Inc RI now owns 34,910 shares of the apparel and home fashions retailer’s stock valued at $1,561,000 after acquiring an additional 17,651 shares in the last quarter. Scotia Capital Inc. grew its stake in TJX Companies by 114.3% during the fourth quarter. Scotia Capital Inc. now owns 131,928 shares of the apparel and home fashions retailer’s stock valued at $5,902,000 after acquiring an additional 70,369 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its stake in TJX Companies by 101.6% during the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 991,156 shares of the apparel and home fashions retailer’s stock valued at $44,344,000 after acquiring an additional 499,473 shares in the last quarter. Finally, Strategic Financial Services Inc grew its stake in TJX Companies by 102.3% during the fourth quarter. Strategic Financial Services Inc now owns 98,300 shares of the apparel and home fashions retailer’s stock valued at $4,398,000 after acquiring an additional 49,710 shares in the last quarter. 88.77% of the stock is owned by institutional investors.
Several equities analysts recently commented on TJX shares. Telsey Advisory Group reduced their price objective on shares of TJX Companies from $55.00 to $51.00 and set a “market perform” rating for the company in a research note on Wednesday, November 21st. Loop Capital boosted their price objective on shares of TJX Companies from $47.00 to $50.00 and gave the company a “hold” rating in a research note on Wednesday, February 27th. Credit Suisse Group reduced their price objective on shares of TJX Companies from $54.00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, November 21st. MKM Partners boosted their price objective on shares of TJX Companies from $58.00 to $61.00 and gave the company a “buy” rating in a research note on Thursday, February 28th. Finally, Jefferies Financial Group set a $50.00 price objective on shares of TJX Companies and gave the company a “hold” rating in a research note on Tuesday, November 20th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $55.06.
TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, February 27th. The apparel and home fashions retailer reported $0.68 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.68. The business had revenue of $11.13 billion during the quarter, compared to analysts’ expectations of $11.01 billion. TJX Companies had a net margin of 7.85% and a return on equity of 57.42%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.30 EPS. As a group, equities research analysts forecast that TJX Companies Inc will post 2.61 earnings per share for the current fiscal year.
TJX Companies announced that its Board of Directors has authorized a share buyback program on Wednesday, February 27th that allows the company to repurchase $2.25 billion in shares. This repurchase authorization allows the apparel and home fashions retailer to purchase up to 3.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.
In other news, Director Amy B. Lane sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $51.79, for a total value of $51,790.00. Following the completion of the sale, the director now directly owns 31,092 shares in the company, valued at approximately $1,610,254.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.20% of the company’s stock.
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TJX Companies Profile
The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.
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