Tiaa Fsb Has $3.11 Million Stake in TJX Companies Inc (TJX)

Tiaa Fsb cut its stake in TJX Companies Inc (NYSE:TJX) by 2.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,367 shares of the apparel and home fashions retailer’s stock after selling 1,526 shares during the quarter. Tiaa Fsb’s holdings in TJX Companies were worth $3,105,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Stone House Investment Management LLC bought a new position in shares of TJX Companies in the first quarter valued at approximately $25,000. Nalls Sherbakoff Group LLC bought a new position in shares of TJX Companies in the fourth quarter valued at approximately $25,000. Adirondack Trust Co. grew its holdings in shares of TJX Companies by 100.0% in the fourth quarter. Adirondack Trust Co. now owns 580 shares of the apparel and home fashions retailer’s stock valued at $26,000 after acquiring an additional 290 shares in the last quarter. Westside Investment Management Inc. grew its holdings in shares of TJX Companies by 100.0% in the fourth quarter. Westside Investment Management Inc. now owns 600 shares of the apparel and home fashions retailer’s stock valued at $27,000 after acquiring an additional 300 shares in the last quarter. Finally, Edge Wealth Management LLC grew its holdings in shares of TJX Companies by 100.0% in the fourth quarter. Edge Wealth Management LLC now owns 650 shares of the apparel and home fashions retailer’s stock valued at $29,000 after acquiring an additional 325 shares in the last quarter. 91.26% of the stock is owned by hedge funds and other institutional investors.

In other news, CFO Scott Goldenberg sold 37,248 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $53.90, for a total value 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 $10,548,876.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amy B. Lane sold 1,625 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $53.00, for a total value of $86,125.00. Following the completion of the transaction, the director now directly owns 29,467 shares of the company’s stock, valued at $1,561,751. The disclosure for this sale can be found here. Over the last three months, insiders have sold 84,498 shares of company stock valued at $4,558,772. 0.20% of the stock is owned by corporate insiders.

Shares of NYSE TJX opened at $55.12 on Friday. TJX Companies Inc has a 1-year low of $40.65 and a 1-year high of $56.64. The firm has a market cap of $66.95 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 1.94 and a beta of 0.66. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.53 and a quick ratio of 0.70.

TJX Companies (NYSE:TJX) last announced 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). TJX Companies had a net margin of 7.85% and a return on equity of 57.42%. The firm had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.01 billion. During the same period last year, the company posted $1.30 earnings per share. TJX Companies’s revenue for the quarter was up 1.5% on a year-over-year basis. Analysts anticipate that TJX Companies Inc will post 2.61 earnings per share for the current year.

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

The company 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 1.67%. This is a positive change from TJX Companies’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, May 15th. TJX Companies’s dividend payout ratio is 36.97%.

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

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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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