Summit Trail Advisors LLC Boosts Position in The TJX Companies, Inc. (NYSE:TJX)

Summit Trail Advisors LLC grew its stake in The TJX Companies, Inc. (NYSE:TJX) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,992 shares of the apparel and home fashions retailer’s stock after acquiring an additional 211 shares during the period. Summit Trail Advisors LLC’s holdings in TJX Companies were worth $1,500,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TJX. Anchor Investment Management LLC purchased a new position in TJX Companies during the 4th quarter worth $28,000. BKM Wealth Management LLC acquired a new stake in TJX Companies during the 4th quarter worth about $30,000. Larson Financial Group LLC raised its position in TJX Companies by 76.0% during the 3rd quarter. Larson Financial Group LLC now owns 389 shares of the apparel and home fashions retailer’s stock worth $35,000 after buying an additional 168 shares during the last quarter. BOK Financial Private Wealth Inc. purchased a new position in shares of TJX Companies during the fourth quarter worth $40,000. Finally, Gradient Investments LLC grew its position in TJX Companies by 86.7% during the 4th quarter. Gradient Investments LLC now owns 478 shares of the apparel and home fashions retailer’s stock worth $45,000 after purchasing an additional 222 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Price Performance

Shares of TJX traded up $2.33 during mid-day trading on Monday, reaching $97.44. 6,229,573 shares of the company’s stock were exchanged, compared to its average volume of 5,095,990. The TJX Companies, Inc. has a 52-week low of $75.65 and a 52-week high of $102.84. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 0.39. The company has a 50-day simple moving average of $96.94 and a two-hundred day simple moving average of $94.11. The company has a market cap of $110.40 billion, a price-to-earnings ratio of 24.64, a PEG ratio of 2.45 and a beta of 0.87.

TJX Companies (NYSE:TJX) last posted 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 business had revenue of $16.41 billion for the quarter, compared to analyst estimates of $16.20 billion. During the same quarter last year, the company earned $0.89 earnings per share. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, sell-side analysts predict that The TJX Companies, Inc. will post 4.07 EPS for the current fiscal year.

TJX Companies announced that its board has initiated a stock buyback program 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 buy up to 2.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be paid a $0.375 dividend. This is a positive change from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Wednesday, May 15th. TJX Companies’s payout ratio is currently 34.46%.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction that occurred on Thursday, March 21st. The shares were 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 directly owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The sale was disclosed in a filing with the SEC, which is available at this link. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the firm’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 transaction, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $266,248.02. Following the transaction, the executive vice president now owns 50,273 shares in the company, valued at approximately $4,968,480.59. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. BMO Capital Markets upped their target price on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. 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 research report on Monday, February 5th. The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $100.00 to $110.00 in a report on Thursday, April 25th. UBS Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and upped their target price for the stock from $104.00 to $132.00 in a report on Thursday. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $105.00 price target on shares of TJX Companies in a research report on Wednesday, February 28th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and a consensus price target of $104.29.

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.