The TJX Companies, Inc. (NYSE:TJX) is AMJ Financial Wealth Management’s 3rd Largest Position

AMJ Financial Wealth Management increased its position in The TJX Companies, Inc. (NYSE:TJX) by 0.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 101,376 shares of the apparel and home fashions retailer’s stock after purchasing an additional 133 shares during the quarter. TJX Companies accounts for 4.0% of AMJ Financial Wealth Management’s portfolio, making the stock its 3rd largest position. AMJ Financial Wealth Management’s holdings in TJX Companies were worth $9,510,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. WealthPlan Investment Management LLC bought a new position in TJX Companies during the 3rd quarter valued at $334,000. Sigma Planning Corp raised its holdings in shares of TJX Companies by 4.6% during the third quarter. Sigma Planning Corp now owns 11,298 shares of the apparel and home fashions retailer’s stock worth $1,004,000 after purchasing an additional 501 shares during the period. Cornerstone Wealth Management LLC raised its holdings in shares of TJX Companies by 5.1% during the third quarter. Cornerstone Wealth Management LLC now owns 4,677 shares of the apparel and home fashions retailer’s stock worth $416,000 after purchasing an additional 225 shares during the period. Great Valley Advisor Group Inc. raised its holdings in shares of TJX Companies by 9.7% during the third quarter. Great Valley Advisor Group Inc. now owns 3,194 shares of the apparel and home fashions retailer’s stock worth $284,000 after purchasing an additional 282 shares during the period. Finally, Savant Capital LLC raised its holdings in shares of TJX Companies by 11.5% during the third quarter. Savant Capital LLC now owns 22,002 shares of the apparel and home fashions retailer’s stock worth $1,956,000 after purchasing an additional 2,272 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TJX has been the topic of a number of research reports. The Goldman Sachs Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and increased their target price for the stock from $100.00 to $110.00 in a report on Thursday, April 25th. TD Cowen increased their price objective on shares of TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Telsey Advisory Group increased their price objective on shares of TJX Companies from $112.00 to $115.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Redburn Atlantic cut shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective on the stock. in a report on Monday, February 5th. Finally, Robert W. Baird increased their price objective on shares of TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Two analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and a consensus target price of $110.05.

TJX Companies Price Performance

Shares of NYSE:TJX traded down $0.14 during trading hours on Friday, hitting $103.23. 26,975,026 shares of the company’s stock traded hands, compared to its average volume of 5,476,534. The TJX Companies, Inc. has a 52 week low of $75.65 and a 52 week high of $104.98. The company’s fifty day simple moving average is $97.66 and its two-hundred day simple moving average is $95.48. The company has a market cap of $116.96 billion, a price-to-earnings ratio of 25.62, a price-to-earnings-growth ratio of 2.71 and a beta of 0.87. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.61 and a current ratio of 1.23.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, topping the consensus estimate of $0.87 by $0.06. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The company had revenue of $12.48 billion during the quarter, compared to analysts’ expectations of $12.48 billion. During the same period last year, the company posted $0.76 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 4.09 EPS for the current fiscal year.

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.45%. This is a boost 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 presently 37.22%.

TJX Companies announced that its Board of Directors has initiated a stock repurchase program on Wednesday, February 28th that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the apparel and home fashions retailer to buy up to 2.2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were 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 $51,053,982.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Ernie Herrman sold 20,000 shares of the firm’s 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 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 SEC, which is available through this hyperlink. Also, EVP Kenneth Canestrari sold 20,332 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the transaction, the executive vice president now directly owns 110,893 shares in the company, valued at approximately $11,089,300. The disclosure for this sale can be found here. Insiders sold a total of 70,003 shares of company stock worth $7,040,541 over the last ninety days. 0.13% of the stock is currently owned by company insiders.

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.