Bank Julius Baer & Co. Ltd Zurich Reduces Position in The TJX Companies, Inc. (NYSE:TJX)

Bank Julius Baer & Co. Ltd Zurich lessened its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,632 shares of the apparel and home fashions retailer’s stock after selling 690 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in TJX Companies were worth $1,560,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Anchor Investment Management LLC purchased a new stake in shares of TJX Companies in the fourth quarter valued at approximately $28,000. BKM Wealth Management LLC purchased a new stake in shares of TJX Companies in the fourth quarter valued at approximately $30,000. Larson Financial Group LLC boosted its stake in shares of 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 valued at $35,000 after buying an additional 168 shares in the last quarter. BOK Financial Private Wealth Inc. purchased a new stake in shares of TJX Companies in the fourth quarter valued at approximately $40,000. Finally, Steward Financial Group LLC raised its holdings in TJX Companies by 56.5% during the third quarter. Steward Financial Group LLC now owns 493 shares of the apparel and home fashions retailer’s stock worth $43,000 after purchasing an additional 178 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

TJX Companies stock opened at $96.36 on Friday. The firm has a market capitalization of $109.17 billion, a P/E ratio of 24.96, a PEG ratio of 2.48 and a beta of 0.86. The stock has a fifty day moving average price of $97.33 and a 200 day moving average price of $93.87. The TJX Companies, Inc. has a 52 week low of $75.65 and a 52 week high of $102.84. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 0.39.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.10. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The firm had revenue of $16.41 billion during the quarter, compared to the consensus estimate of $16.20 billion. During the same quarter in the previous year, the business earned $0.89 earnings per share. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.07 earnings per share for the current year.

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

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Wednesday, May 15th. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s payout ratio is 34.46%.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $98.83, for a total transaction of $266,248.02. Following the completion of the sale, the executive vice president now owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $98.83, for a total transaction of $266,248.02. Following the completion of the sale, the executive vice president now owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly 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. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on TJX. UBS Group lifted their price objective on TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $105.00 price objective 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 objective for the company. in a report on Monday, February 5th. BMO Capital Markets lifted their price objective on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Finally, The Goldman Sachs Group raised TJX Companies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $100.00 to $110.00 in a report on Thursday. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.65.

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.