Marino Stram & Associates LLC Sells 136 Shares of The TJX Companies, Inc. (NYSE:TJX)

Marino Stram & Associates LLC trimmed its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,240 shares of the apparel and home fashions retailer’s stock after selling 136 shares during the quarter. Marino Stram & Associates LLC’s holdings in TJX Companies were worth $210,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TJX. ICA Group Wealth Management LLC bought a new position in TJX Companies in the 4th quarter worth about $27,000. Anchor Investment Management LLC bought a new position in TJX Companies in the 4th quarter worth about $28,000. Householder Group Estate & Retirement Specialist LLC bought a new position in TJX Companies in the 3rd quarter worth about $29,000. BKM Wealth Management LLC bought a new position in TJX Companies in the 4th quarter worth about $30,000. Finally, Cornerstone Planning Group LLC bought a new position in shares of TJX Companies during the 2nd quarter valued at about $33,000. 91.09% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, 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 value 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 approximately $51,053,982.98. The transaction was disclosed in a document filed with the SEC, which is available at 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 stock was 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 in the company, valued at approximately $4,968,480.59. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 value 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 approximately $51,053,982.98. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

TJX Companies Trading Up 0.4 %

NYSE TJX opened at $93.39 on Wednesday. The TJX Companies, Inc. has a fifty-two week low of $75.65 and a fifty-two week high of $102.84. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.64 and a current ratio of 1.21. The stock has a 50 day simple moving average of $97.89 and a two-hundred day simple moving average of $93.60. The stock has a market cap of $105.81 billion, a P/E ratio of 24.19, a price-to-earnings-growth ratio of 2.39 and a beta of 0.86.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.10. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The business had revenue of $16.41 billion during the quarter, compared to analysts’ expectations of $16.20 billion. During the same quarter last year, the business posted $0.89 EPS. The business’s revenue was up 13.0% on a year-over-year basis. On average, analysts forecast that The TJX Companies, Inc. will post 4.07 earnings per share for the current year.

TJX Companies declared that its board has authorized a share buyback 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 reacquire up to 2.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

TJX Companies Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TJX shares. Telsey Advisory Group reiterated an “outperform” rating and set a $105.00 price objective on shares of TJX Companies in a research report on Wednesday, February 28th. UBS Group increased their price objective on TJX Companies from $95.00 to $104.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. BMO Capital Markets increased their price objective on TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. Finally, Redburn Atlantic lowered TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective on the stock. in a research report 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 data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $102.19.

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.