Spinnaker Trust Has $518,000 Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Spinnaker Trust reduced its position in The TJX Companies, Inc. (NYSE:TJX) by 3.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,517 shares of the apparel and home fashions retailer’s stock after selling 200 shares during the period. Spinnaker Trust’s holdings in TJX Companies were worth $518,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Kovack Advisors Inc. increased its stake in shares of TJX Companies by 44.7% in the 4th quarter. Kovack Advisors Inc. now owns 5,426 shares of the apparel and home fashions retailer’s stock valued at $509,000 after buying an additional 1,677 shares during the period. Bahl & Gaynor Inc. boosted its position in shares of TJX Companies by 3.1% in the 4th quarter. Bahl & Gaynor Inc. now owns 1,221,951 shares of the apparel and home fashions retailer’s stock worth $114,631,000 after purchasing an additional 36,927 shares during the last quarter. J.Safra Asset Management Corp boosted its position in shares of TJX Companies by 9.9% in the 4th quarter. J.Safra Asset Management Corp now owns 1,196 shares of the apparel and home fashions retailer’s stock worth $112,000 after purchasing an additional 108 shares during the last quarter. Syon Capital LLC boosted its position in shares of TJX Companies by 6.0% in the 4th quarter. Syon Capital LLC now owns 6,920 shares of the apparel and home fashions retailer’s stock worth $649,000 after purchasing an additional 391 shares during the last quarter. Finally, Roffman Miller Associates Inc. PA boosted its position in shares of TJX Companies by 2.9% in the 4th quarter. Roffman Miller Associates Inc. PA now owns 164,114 shares of the apparel and home fashions retailer’s stock worth $15,396,000 after purchasing an additional 4,647 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Performance

Shares of NYSE:TJX traded down $0.06 during trading on Friday, reaching $96.36. 3,748,411 shares of the stock were exchanged, compared to its average volume of 4,860,047. The TJX Companies, Inc. has a 12 month low of $75.65 and a 12 month high of $102.84. The firm has a market cap of $109.17 billion, a PE ratio of 24.96, a PEG ratio of 2.48 and a beta of 0.86. The stock has a 50-day moving average price of $97.33 and a 200-day moving average price of $93.87. 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 issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $16.20 billion. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The business’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.89 earnings per share. Research analysts expect that The TJX Companies, Inc. will post 4.07 EPS for the current fiscal year.

TJX Companies Increases Dividend

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

TJX Companies declared that its Board of Directors has authorized a stock buyback plan on Wednesday, February 28th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the apparel and home fashions retailer to buy up to 2.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

TJX has been the topic of several recent research reports. UBS Group raised their price target on TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Redburn Atlantic lowered TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 target price on the stock. in a report on Monday, February 5th. BMO Capital Markets lifted their target price on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $100.00 to $110.00 in a report on Thursday. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $105.00 target price on shares of TJX Companies in a report on Wednesday, February 28th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $102.65.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 20,000 shares of the business’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 sale, the chief executive officer now directly owns 515,801 shares in the company, valued at $51,053,982.98. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, EVP Louise Greenlees sold 2,694 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the completion of the transaction, the executive vice president now directly owns 50,273 shares in the company, valued at $4,968,480.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ernie Herrman sold 20,000 shares of the company’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 transaction, the chief executive officer now owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

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.