TJX Companies Inc (NYSE:TJX) Shares Bought by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC raised its stake in shares of TJX Companies Inc (NYSE:TJX) by 100.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 682 shares of the apparel and home fashions retailer’s stock after buying an additional 341 shares during the period. Brandywine Global Investment Management LLC’s holdings in TJX Companies were worth $31,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Adirondack Trust Co. lifted its stake in 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 purchasing an additional 290 shares in the last quarter. Westside Investment Management Inc. lifted its stake in 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 purchasing an additional 300 shares in the last quarter. Edge Wealth Management LLC lifted its stake in 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 purchasing an additional 325 shares in the last quarter. Sterling Investment Advisors Ltd. lifted its stake in TJX Companies by 100.0% during the fourth quarter. Sterling Investment Advisors Ltd. now owns 660 shares of the apparel and home fashions retailer’s stock worth $29,000 after purchasing an additional 330 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA lifted its stake in TJX Companies by 83.1% during the fourth quarter. San Francisco Sentry Investment Group CA now owns 782 shares of the apparel and home fashions retailer’s stock worth $35,000 after purchasing an additional 355 shares in the last quarter. Hedge funds and other institutional investors own 91.26% of the company’s stock.

A number of research firms have commented on TJX. Loop Capital upped their price target on TJX Companies from $47.00 to $50.00 and gave the stock a “hold” rating in a research note on Wednesday, February 27th. Argus upped their price objective on TJX Companies to $62.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. MKM Partners upped their price objective on TJX Companies from $58.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, February 28th. Cfra raised TJX Companies to a “buy” rating and set a $60.00 price objective on the stock in a research report on Thursday, February 28th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $62.00 price objective (up previously from $56.00) on shares of TJX Companies in a research report on Thursday, February 28th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $55.34.

NYSE:TJX traded up $0.06 during mid-day trading on Friday, reaching $55.12. The stock had a trading volume of 3,577,233 shares, compared to its average volume of 4,832,045. The company has a quick ratio of 0.70, a current ratio of 1.53 and a debt-to-equity ratio of 0.44. The company has a market cap of $66.95 billion, a P/E ratio of 26.12, a PEG ratio of 1.94 and a beta of 0.66. TJX Companies Inc has a twelve month low of $40.65 and a twelve month high of $56.64.

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

The business 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 $0.23 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This is a boost from TJX Companies’s previous quarterly dividend of $0.20. This represents a $0.92 dividend on an annualized basis and a yield of 1.67%. TJX Companies’s dividend payout ratio (DPR) is 36.97%.

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

In other news, CFO Scott Goldenberg sold 37,248 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $53.90, for a total transaction of $2,007,667.20. Following the completion of the transaction, the chief financial officer now directly owns 195,712 shares of the company’s stock, valued at approximately $10,548,876.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Amy B. Lane sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $51.79, for a total transaction of $51,790.00. Following the transaction, the director now directly owns 31,092 shares of the company’s stock, valued at $1,610,254.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 84,498 shares of company stock valued at $4,558,772. 0.20% of the stock is currently owned by corporate insiders.

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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, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.

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

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