Southeast Asset Advisors Inc. Has $430,000 Position in TJX Companies Inc (TJX)
Southeast Asset Advisors Inc. boosted its position in shares of TJX Companies Inc (NYSE:TJX) by 100.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,600 shares of the apparel and home fashions retailer’s stock after purchasing an additional 4,800 shares during the period. Southeast Asset Advisors Inc.’s holdings in TJX Companies were worth $430,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the stock. Mascoma Wealth Management LLC boosted its stake in shares of TJX Companies by 166.8% during the fourth quarter. Mascoma Wealth Management LLC now owns 9,590 shares of the apparel and home fashions retailer’s stock valued at $429,000 after purchasing an additional 5,996 shares in the last quarter. Hellman Jordan Management Co. Inc. MA lifted its position in TJX Companies by 100.0% during the fourth quarter. Hellman Jordan Management Co. Inc. MA now owns 20,000 shares of the apparel and home fashions retailer’s stock valued at $895,000 after acquiring an additional 10,000 shares during the last quarter. Ferguson Wellman Capital Management Inc. lifted its position in TJX Companies by 201.9% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 419,103 shares of the apparel and home fashions retailer’s stock valued at $18,751,000 after acquiring an additional 280,269 shares during the last quarter. Resources Management Corp CT ADV purchased a new stake in TJX Companies during the third quarter valued at approximately $5,530,000. Finally, AdvisorNet Financial Inc lifted its position in TJX Companies by 126.9% during the fourth quarter. AdvisorNet Financial Inc now owns 9,688 shares of the apparel and home fashions retailer’s stock valued at $433,000 after acquiring an additional 5,418 shares during the last quarter. Institutional investors own 89.77% of the company’s stock.
A number of research firms have issued reports on TJX. Zacks Investment Research cut shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Monday, February 11th. Telsey Advisory Group raised shares of TJX Companies from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $51.00 to $56.00 in a report on Thursday, January 31st. Argus raised shares of TJX Companies from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Thursday, November 29th. Morgan Stanley raised their price target on shares of TJX Companies from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Thursday, February 28th. Finally, ValuEngine raised shares of TJX Companies from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. One 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 a consensus price target of $55.06.
TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, February 27th. The apparel and home fashions retailer reported $0.68 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.68. The firm had revenue of $11.13 billion for 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 business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.30 earnings per share. Research analysts predict that TJX Companies Inc will post 2.61 EPS for the current fiscal year.
TJX Companies announced that its board has approved a stock buyback plan on Wednesday, February 27th that permits the company to buyback $2.25 billion in outstanding shares. This buyback authorization permits the apparel and home fashions retailer to buy up to 3.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.
In other news, Director Amy B. Lane sold 1,000 shares of the stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $51.79, for a total value of $51,790.00. Following the sale, the director now owns 31,092 shares in the company, valued at $1,610,254.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is owned by corporate insiders.
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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