Cary Street Partners Asset Management LLC Sells 451 Shares of The TJX Companies, Inc. (NYSE:TJX)

Cary Street Partners Asset Management LLC trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX) by 1.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,164 shares of the apparel and home fashions retailer’s stock after selling 451 shares during the quarter. Cary Street Partners Asset Management LLC’s holdings in TJX Companies were worth $2,267,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Hexagon Capital Partners LLC raised its holdings in shares of TJX Companies by 34.1% in the fourth quarter. Hexagon Capital Partners LLC now owns 1,413 shares of the apparel and home fashions retailer’s stock valued at $133,000 after buying an additional 359 shares during the last quarter. Beck Bode LLC raised its holdings in shares of TJX Companies by 4.0% in the fourth quarter. Beck Bode LLC now owns 27,029 shares of the apparel and home fashions retailer’s stock valued at $2,536,000 after buying an additional 1,031 shares during the last quarter. Hartford Funds Management Co LLC raised its holdings in shares of TJX Companies by 21.0% in the fourth quarter. Hartford Funds Management Co LLC now owns 15,741 shares of the apparel and home fashions retailer’s stock valued at $1,477,000 after buying an additional 2,736 shares during the last quarter. Savant Capital LLC increased its position in TJX Companies by 24.0% in the fourth quarter. Savant Capital LLC now owns 27,277 shares of the apparel and home fashions retailer’s stock worth $2,559,000 after purchasing an additional 5,275 shares during the period. Finally, Alpha Cubed Investments LLC acquired a new stake in TJX Companies in the fourth quarter worth about $217,000. 91.09% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Louise Greenlees sold 2,694 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now 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 the SEC website. In other news, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction dated 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 sale, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction dated 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 in the company, valued at $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Analysts Set New Price Targets

TJX has been the subject of a number of research reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $105.00 price objective on shares of TJX Companies in a research report on Wednesday, February 28th. The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $100.00 to $110.00 in a research report on Thursday, April 25th. UBS Group boosted their target price on TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. BMO Capital Markets boosted their target price on TJX Companies from $95.00 to $110.00 and gave the stock 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 target price for the company. in a research report on Monday, February 5th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.65.

TJX Companies Stock Performance

TJX traded up $0.16 during trading hours on Wednesday, reaching $94.25. The company’s stock had a trading volume of 1,519,798 shares, compared to its average volume of 5,011,097. The TJX Companies, Inc. has a 52 week low of $75.65 and a 52 week high of $102.84. The company’s 50-day moving average is $97.20 and its 200-day moving average is $94.02. 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 firm has a market cap of $106.78 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 2.44 and a beta of 0.86.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 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 for the quarter, compared to analyst estimates of $16.20 billion. During the same period in the prior year, the firm posted $0.89 EPS. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.07 EPS for the current year.

TJX Companies announced that its Board of Directors has approved a share buyback plan on Wednesday, February 28th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the apparel and home fashions retailer to repurchase up to 2.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

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 given a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.59%. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s dividend payout ratio (DPR) is presently 34.46%.

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.