TJX Companies Inc (NYSE:TJX) Holdings Lifted by Clifford Swan Investment Counsel LLC

Clifford Swan Investment Counsel LLC raised its position in TJX Companies Inc (NYSE:TJX) by 59.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 73,026 shares of the apparel and home fashions retailer’s stock after acquiring an additional 27,168 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in TJX Companies were worth $3,267,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TJX. Adirondack Trust Co. grew its holdings in shares of TJX Companies by 100.0% during the fourth quarter. Adirondack Trust Co. now owns 580 shares of the apparel and home fashions retailer’s stock worth $26,000 after buying an additional 290 shares in the last quarter. Westside Investment Management Inc. grew its holdings in shares of TJX Companies by 100.0% during the fourth quarter. Westside Investment Management Inc. now owns 600 shares of the apparel and home fashions retailer’s stock worth $27,000 after buying an additional 300 shares in the last quarter. Edge Wealth Management LLC grew its holdings in shares of TJX Companies by 100.0% during the fourth quarter. Edge Wealth Management LLC now owns 650 shares of the apparel and home fashions retailer’s stock worth $29,000 after buying an additional 325 shares in the last quarter. Sterling Investment Advisors Ltd. boosted its position in shares of TJX Companies by 100.0% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 660 shares of the apparel and home fashions retailer’s stock worth $29,000 after acquiring an additional 330 shares during the last quarter. Finally, Lenox Wealth Advisors LLC boosted its position in shares of TJX Companies by 100.0% in the fourth quarter. Lenox Wealth Advisors LLC now owns 734 shares of the apparel and home fashions retailer’s stock worth $33,000 after acquiring an additional 367 shares during the last quarter. Institutional investors own 89.88% of the company’s stock.

In other news, EVP Richard Sherr sold 43,000 shares of the company’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $54.08, for a total value of $2,325,440.00. Following the transaction, the executive vice president now owns 118,708 shares in the company, valued at approximately $6,419,728.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy B. Lane sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $51.79, for a total value of $51,790.00. Following the completion of the transaction, the director now owns 31,092 shares in the company, valued at approximately $1,610,254.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 84,498 shares of company stock worth $4,558,772. Corporate insiders own 0.20% of the company’s stock.

TJX has been the topic of several research analyst reports. Loop Capital raised their target price on shares of TJX Companies from $47.00 to $50.00 and gave the stock a “hold” rating in a research report on Wednesday, February 27th. MKM Partners raised their target price on shares of TJX Companies from $58.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, February 28th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $62.00 price target (up from $56.00) on shares of TJX Companies in a research report on Thursday, February 28th. Credit Suisse Group lifted their price target on shares of TJX Companies from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, February 28th. Finally, Cfra raised shares of TJX Companies to a “buy” rating and set a $60.00 price target on the stock in a research report on Thursday, February 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $55.34.

TJX stock traded up $0.27 during trading on Monday, hitting $54.24. The company had a trading volume of 3,704,475 shares, compared to its average volume of 6,198,695. The company has a market capitalization of $65.86 billion, a P/E ratio of 25.71, a PEG ratio of 1.90 and a beta of 0.66. TJX Companies Inc has a fifty-two week low of $40.65 and a fifty-two week high of $56.64. The company has a quick ratio of 0.70, a current ratio of 1.53 and a debt-to-equity ratio of 0.44.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, February 27th. The apparel and home fashions retailer reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.09). The company had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.01 billion. TJX Companies had a return on equity of 57.42% and a net margin of 7.85%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.30 EPS. Equities analysts anticipate that TJX Companies Inc will post 2.61 EPS for the current year.

TJX Companies declared that its board has approved a share repurchase program on Wednesday, February 27th that permits the company to repurchase $2.25 billion in outstanding shares. This repurchase authorization permits the apparel and home fashions retailer to buy up to 3.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.70%. The ex-dividend date is Wednesday, May 15th. This is an increase from TJX Companies’s previous quarterly dividend of $0.20. TJX Companies’s payout ratio is presently 36.97%.

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TJX Companies Company Profile

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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