The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lessened its stake in The TJX Companies, Inc. (NYSE:TJX) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,816,245 shares of the apparel and home fashions retailer’s stock after selling 42,172 shares during the quarter. Mackenzie Financial Corp’s holdings in TJX Companies were worth $170,382,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TJX. Fairfield Bush & CO. acquired a new position in shares of TJX Companies in the 1st quarter valued at $68,000. United Bank boosted its holdings in shares of TJX Companies by 9.2% in the 1st quarter. United Bank now owns 15,197 shares of the apparel and home fashions retailer’s stock valued at $921,000 after purchasing an additional 1,284 shares during the last quarter. AMI Investment Management Inc. acquired a new position in shares of TJX Companies in the 1st quarter valued at $2,780,000. Cetera Investment Advisers boosted its holdings in shares of TJX Companies by 69.0% in the 1st quarter. Cetera Investment Advisers now owns 38,304 shares of the apparel and home fashions retailer’s stock valued at $2,320,000 after purchasing an additional 15,644 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of TJX Companies by 10.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 4,396 shares of the apparel and home fashions retailer’s stock valued at $266,000 after purchasing an additional 398 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TJX shares. BMO Capital Markets lifted their price target on shares of TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. Redburn Atlantic downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 target price on the stock. in a research note on Monday, February 5th. UBS Group raised their target price on shares of TJX Companies from $95.00 to $104.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $105.00 target price on shares of TJX Companies in a research note on Wednesday, February 28th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $102.19.

Insider Buying and Selling

In other news, EVP Louise Greenlees sold 2,694 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $98.83, for a total value of $266,248.02. Following the completion of the sale, the executive vice president now owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $98.98, for a total value of $1,979,600.00. Following the completion of the sale, the chief executive officer now owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Louise Greenlees sold 2,694 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $98.83, for a total transaction of $266,248.02. Following the completion of the sale, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

TJX Companies Stock Performance

TJX Companies stock opened at $92.98 on Tuesday. The TJX Companies, Inc. has a 12-month low of $75.65 and a 12-month high of $102.84. The company has a market capitalization of $105.34 billion, a price-to-earnings ratio of 24.09, a price-to-earnings-growth ratio of 2.43 and a beta of 0.86. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.21 and a quick ratio of 0.64. The firm’s fifty day moving average price is $97.97 and its 200 day moving average price is $93.57.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.10. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The firm had revenue of $16.41 billion for the quarter, compared to the consensus estimate of $16.20 billion. During the same quarter in the previous year, the firm posted $0.89 EPS. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. On average, research analysts forecast that The TJX Companies, Inc. will post 4.07 EPS for the current fiscal year.

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be paid a dividend of $0.375 per share. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, May 15th. This represents a $1.50 annualized dividend and a yield of 1.61%. TJX Companies’s payout ratio is 34.46%.

TJX Companies announced that its board has authorized a stock buyback program on Wednesday, February 28th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the apparel and home fashions retailer to reacquire up to 2.2% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

About TJX Companies

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. 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, and gourmet food departments; jewelry and accessories; and other merchandise.