Tranquility Partners LLC Has $1.62 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Tranquility Partners LLC trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,311 shares of the apparel and home fashions retailer’s stock after selling 960 shares during the quarter. Tranquility Partners LLC’s holdings in TJX Companies were worth $1,624,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in TJX Companies by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 95,135,688 shares of the apparel and home fashions retailer’s stock worth $8,455,660,000 after purchasing an additional 392,783 shares in the last quarter. FMR LLC increased its stake in TJX Companies by 13.1% during the 3rd quarter. FMR LLC now owns 52,008,484 shares of the apparel and home fashions retailer’s stock worth $4,622,514,000 after purchasing an additional 6,036,764 shares in the last quarter. Morgan Stanley increased its stake in TJX Companies by 88.1% during the 4th quarter. Morgan Stanley now owns 26,619,778 shares of the apparel and home fashions retailer’s stock worth $2,118,935,000 after purchasing an additional 12,468,119 shares in the last quarter. Geode Capital Management LLC increased its stake in TJX Companies by 1.0% during the 1st quarter. Geode Capital Management LLC now owns 20,891,507 shares of the apparel and home fashions retailer’s stock worth $1,632,900,000 after purchasing an additional 209,152 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC increased its stake in TJX Companies by 90,089.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,788,543 shares of the apparel and home fashions retailer’s stock worth $1,575,168,000 after purchasing an additional 19,766,602 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Louise Greenlees sold 2,694 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly 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. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Down 0.3 %

Shares of NYSE:TJX traded down $0.28 during midday trading on Wednesday, hitting $93.10. The stock had a trading volume of 4,765,975 shares, compared to its average volume of 5,048,109. The TJX Companies, Inc. has a 12 month low of $75.65 and a 12 month high of $102.84. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 0.39. The business’s 50-day simple moving average is $97.89 and its 200-day simple moving average is $93.60. The company has a market cap of $105.48 billion, a P/E ratio of 24.19, a PEG ratio of 2.39 and a beta of 0.86.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share 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 analysts’ expectations of $16.20 billion. During the same period last year, the business earned $0.89 earnings per share. The firm’s revenue was up 13.0% on a year-over-year basis. On average, sell-side analysts forecast that The TJX Companies, Inc. will post 4.07 earnings per share for the current fiscal year.

TJX Companies announced that its board has authorized a share buyback program on Wednesday, February 28th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the apparel and home fashions retailer to reacquire up to 2.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.375 per share. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.50 annualized dividend and a yield of 1.61%. TJX Companies’s dividend payout ratio (DPR) is currently 34.46%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TJX. Telsey Advisory Group reaffirmed an “outperform” rating and set a $105.00 price target on shares of TJX Companies in a research note on Wednesday, February 28th. UBS Group raised their price target on shares of TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. BMO Capital Markets raised their price target 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. Finally, Redburn Atlantic cut shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target for the company. in a research note on Monday, February 5th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $102.19.

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.