Global Wealth Management Investment Advisory Inc. Acquires 620 Shares of The TJX Companies, Inc. (NYSE:TJX)

Global Wealth Management Investment Advisory Inc. increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 12,539 shares of the apparel and home fashions retailer’s stock after buying an additional 620 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in TJX Companies were worth $1,176,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TJX. Linden Thomas Advisory Services LLC bought a new position in TJX Companies in the third quarter worth about $235,000. Commonwealth Equity Services LLC raised its stake in shares of TJX Companies by 0.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 279,593 shares of the apparel and home fashions retailer’s stock worth $24,850,000 after acquiring an additional 1,187 shares in the last quarter. Vicus Capital lifted its position in TJX Companies by 105.0% during the third quarter. Vicus Capital now owns 5,653 shares of the apparel and home fashions retailer’s stock valued at $502,000 after acquiring an additional 2,896 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in TJX Companies in the third quarter valued at approximately $193,000. Finally, Robeco Institutional Asset Management B.V. grew its holdings in TJX Companies by 7.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 176,852 shares of the apparel and home fashions retailer’s stock worth $15,719,000 after purchasing an additional 12,830 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TJX Companies

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 shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the sale, the executive vice president now owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related 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 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Louise Greenlees sold 2,694 shares of the company’s stock in a transaction dated 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 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. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TJX shares. The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $100.00 to $110.00 in a report on Thursday, April 25th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $105.00 target price on shares of TJX Companies in a research report on Wednesday, February 28th. BMO Capital Markets raised their price target on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. UBS Group boosted their price target on TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Finally, Redburn Atlantic lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.65.

TJX Companies Stock Performance

Shares of TJX stock traded down $0.18 during trading hours on Wednesday, hitting $93.91. The company’s stock had a trading volume of 2,106,057 shares, compared to its average volume of 5,014,050. The stock has a market cap of $106.40 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 2.44 and a beta of 0.86. The TJX Companies, Inc. has a 12-month low of $75.65 and a 12-month high of $102.84. The company has a 50 day moving average of $97.20 and a 200 day moving average of $94.02. 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 EPS for the quarter, beating the consensus estimate of $1.12 by $0.10. The company had revenue of $16.41 billion for the quarter, compared to analyst estimates of $16.20 billion. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The firm’s revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.89 earnings per share. On average, sell-side analysts forecast that The TJX Companies, Inc. will post 4.07 EPS for the current fiscal year.

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

TJX Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.60%. This is a positive change from TJX Companies’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, May 15th. TJX Companies’s dividend payout ratio (DPR) is 34.46%.

About TJX Companies

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.