TJX Companies Inc (TJX) Position Increased by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC boosted its stake in TJX Companies Inc (NYSE:TJX) by 12.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,329 shares of the apparel and home fashions retailer’s stock after buying an additional 1,455 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in TJX Companies were worth $709,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Nalls Sherbakoff Group LLC acquired a new position in TJX Companies in the fourth quarter worth $25,000. Stone House Investment Management LLC acquired a new position in TJX Companies in the first quarter worth $25,000. Adirondack Trust Co. boosted its stake in 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 worth $26,000 after purchasing an additional 290 shares in the last quarter. Westside Investment Management Inc. boosted its stake in 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 worth $27,000 after purchasing an additional 300 shares in the last quarter. Finally, Edge Wealth Management LLC boosted its stake in 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 worth $29,000 after purchasing an additional 325 shares in the last quarter. 91.26% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Amy B. Lane sold 1,625 shares of the company’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $54.00, for a total value of $87,750.00. Following the completion of the sale, the director now owns 27,842 shares in the company, valued at $1,503,468. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Richard Sherr sold 43,000 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $54.08, for a total value of $2,325,440.00. Following the completion of the sale, the executive vice president now owns 118,708 shares of the company’s stock, valued at approximately $6,419,728.64. The disclosure for this sale can be found here. Insiders sold 84,498 shares of company stock valued at $4,558,772 in the last quarter. 0.20% of the stock is currently owned by corporate insiders.

A number of equities analysts have commented on TJX shares. Zacks Investment Research lowered TJX Companies from a “buy” rating to a “hold” rating in a research note on Monday, February 11th. Morgan Stanley boosted their price objective on TJX Companies from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, February 28th. ValuEngine raised TJX Companies from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Barclays set a $56.00 price target on TJX Companies and gave the company a “hold” rating in a research note on Thursday, February 28th. Finally, Telsey Advisory Group raised TJX Companies from a “market perform” rating to an “outperform” rating and upped their price target for the company from $51.00 to $56.00 in a research note on Thursday, January 31st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $55.34.

NYSE TJX opened at $55.12 on Monday. The stock has a market capitalization of $66.95 billion, a P/E ratio of 26.12, a P/E/G ratio of 1.94 and a beta of 0.66. 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 Inc has a 12 month low of $40.65 and a 12 month high of $56.64.

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

TJX Companies announced that its Board of Directors has initiated a stock repurchase program on Wednesday, February 27th that allows the company to repurchase $2.25 billion in shares. This repurchase authorization allows the apparel and home fashions retailer to purchase up to 3.6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Wednesday, May 15th. This is an increase from TJX Companies’s previous quarterly dividend of $0.20. TJX Companies’s dividend payout ratio is currently 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, 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.

Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks

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

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