Assenagon Asset Management S.A. Acquires 12,248 Shares of TJX Companies Inc (TJX)

Assenagon Asset Management S.A. increased its holdings in shares of TJX Companies Inc (NYSE:TJX) by 14.8% in the first quarter, Holdings Channel reports. The institutional investor owned 94,864 shares of the apparel and home fashions retailer’s stock after purchasing an additional 12,248 shares during the quarter. Assenagon Asset Management S.A.’s holdings in TJX Companies were worth $5,048,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Stone House Investment Management LLC bought a new stake in shares of TJX Companies during the first quarter worth approximately $25,000. Financial Gravity Wealth Inc. acquired a new position in TJX Companies during the first quarter valued at approximately $30,000. Nalls Sherbakoff Group LLC acquired a new position in TJX Companies during the fourth quarter valued at approximately $25,000. Adirondack Trust Co. grew its holdings 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 valued at $26,000 after purchasing an additional 290 shares during the period. Finally, Westside Investment Management Inc. grew its holdings 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 valued at $27,000 after purchasing an additional 300 shares during the period. 91.23% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Kenneth Canestrari sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $54.97, for a total value of $1,374,250.00. Following the completion of the transaction, the executive vice president now owns 134,675 shares in the company, valued at $7,403,084.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Amy B. Lane sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $51.79, for a total transaction of $51,790.00. Following the completion of the transaction, the director now owns 31,092 shares of the company’s stock, valued at approximately $1,610,254.68. The disclosure for this sale can be found here. Insiders sold 109,498 shares of company stock valued at $5,933,022 in the last quarter. Corporate insiders own 0.20% of the company’s stock.

A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a report on Wednesday. Argus boosted their price objective on shares of TJX Companies to $62.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Loop Capital boosted their price objective on shares of TJX Companies from $47.00 to $50.00 and gave the company a “hold” rating in a report on Wednesday, February 27th. MKM Partners boosted their price objective on shares of TJX Companies from $58.00 to $61.00 and gave the company a “buy” rating in a report on Thursday, February 28th. Finally, Morgan Stanley boosted their price objective on shares of TJX Companies from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Thursday, February 28th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have given a buy rating to the stock. TJX Companies currently has an average rating of “Buy” and an average target price of $55.58.

TJX Companies stock opened at $54.03 on Friday. The company has a market capitalization of $65.52 billion, a PE ratio of 25.61, a P/E/G ratio of 1.93 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. 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 released its quarterly earnings results on Wednesday, February 27th. The apparel and home fashions retailer reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ 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 net margin of 7.85% and a return on equity of 57.42%. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.30 EPS. As a group, equities research analysts predict that TJX Companies Inc will post 2.61 EPS for the current fiscal year.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.70%. 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. TJX Companies’s dividend payout ratio is 36.97%.

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About TJX Companies

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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