Nichols & Pratt Advisers LLP MA Has $38.49 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Nichols & Pratt Advisers LLP MA lowered its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 410,330 shares of the apparel and home fashions retailer’s stock after selling 1,310 shares during the quarter. TJX Companies comprises approximately 2.7% of Nichols & Pratt Advisers LLP MA’s investment portfolio, making the stock its 12th largest position. Nichols & Pratt Advisers LLP MA’s holdings in TJX Companies were worth $38,493,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Anchor Investment Management LLC bought a new position in shares of TJX Companies during the 4th quarter worth about $28,000. BKM Wealth Management LLC bought a new stake in TJX Companies during the fourth quarter worth about $30,000. Larson Financial Group LLC grew its holdings in shares of TJX Companies by 76.0% during the third quarter. Larson Financial Group LLC now owns 389 shares of the apparel and home fashions retailer’s stock valued at $35,000 after buying an additional 168 shares during the last quarter. BOK Financial Private Wealth Inc. purchased a new stake in TJX Companies during the 4th quarter valued at $40,000. Finally, Gradient Investments LLC increased its stake in shares of TJX Companies by 86.7% in the 4th quarter. Gradient Investments LLC now owns 478 shares of the apparel and home fashions retailer’s stock worth $45,000 after purchasing an additional 222 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Price Performance

TJX Companies stock traded down $0.13 during mid-day trading on Friday, reaching $98.78. The company had a trading volume of 873,850 shares, compared to its average volume of 5,062,899. The business has a fifty day simple moving average of $96.80 and a 200 day simple moving average of $94.29. The company has a market cap of $111.91 billion, a P/E ratio of 25.59, a P/E/G ratio of 2.49 and a beta of 0.87. The TJX Companies, Inc. has a fifty-two week low of $75.65 and a fifty-two week high of $102.84. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 0.39.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating the consensus estimate of $1.12 by $0.10. The firm had revenue of $16.41 billion during the quarter, compared to the consensus estimate of $16.20 billion. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.89 earnings per share. On average, equities research analysts predict that The TJX Companies, Inc. will post 4.1 earnings per share for the current year.

TJX Companies announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 28th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the apparel and home fashions retailer to reacquire up to 2.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.375 per share. The ex-dividend date is Wednesday, May 15th. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.52%. TJX Companies’s dividend payout ratio is presently 34.46%.

Insider Buying and Selling

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

Analyst Ratings Changes

Several brokerages recently weighed in on TJX. Telsey Advisory Group restated an “outperform” rating and set a $105.00 target price on shares of TJX Companies in a research note on Wednesday, February 28th. UBS Group raised TJX Companies from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $104.00 to $132.00 in a research report on Thursday, May 2nd. The Goldman Sachs Group raised TJX Companies from a “neutral” rating to a “buy” rating and increased their target price for the stock from $100.00 to $110.00 in a report on Thursday, April 25th. BMO Capital Markets upped their target price on TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. Finally, Redburn Atlantic lowered TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 target price for the company. in a research note on Monday, February 5th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $104.29.

TJX Companies Profile

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.