Main Street Financial Solutions LLC Sells 4,088 Shares of The TJX Companies, Inc. (NYSE:TJX)

Main Street Financial Solutions LLC cut its holdings in The TJX Companies, Inc. (NYSE:TJXFree Report) by 14.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,101 shares of the apparel and home fashions retailer’s stock after selling 4,088 shares during the period. Main Street Financial Solutions LLC’s holdings in TJX Companies were worth $2,355,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TJX. Vanguard Group Inc. raised its holdings in shares of TJX Companies by 0.4% during the third quarter. Vanguard Group Inc. now owns 95,135,688 shares of the apparel and home fashions retailer’s stock valued at $8,455,660,000 after purchasing an additional 392,783 shares during the period. FMR LLC boosted its holdings in TJX Companies by 13.1% in the third quarter. FMR LLC now owns 52,008,484 shares of the apparel and home fashions retailer’s stock worth $4,622,514,000 after acquiring an additional 6,036,764 shares in the last quarter. Morgan Stanley grew its stake in TJX Companies by 1.5% in the third quarter. Morgan Stanley now owns 24,752,978 shares of the apparel and home fashions retailer’s stock valued at $2,200,045,000 after acquiring an additional 371,163 shares during the period. Northern Trust Corp increased its holdings in shares of TJX Companies by 2.3% during the third quarter. Northern Trust Corp now owns 13,734,141 shares of the apparel and home fashions retailer’s stock valued at $1,220,690,000 after acquiring an additional 313,530 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of TJX Companies by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,534,165 shares of the apparel and home fashions retailer’s stock worth $612,970,000 after purchasing an additional 115,304 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Performance

Shares of TJX stock traded up $1.37 during trading hours on Friday, hitting $100.29. 6,467,499 shares of the company were exchanged, compared to its average volume of 5,183,217. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $113.63 billion, a price-to-earnings ratio of 25.98, a P/E/G ratio of 2.56 and a beta of 0.87. The firm has a fifty day simple moving average of $97.05 and a 200 day simple moving average of $94.78. The TJX Companies, Inc. has a 52-week low of $75.65 and a 52-week high of $102.84.

TJX Companies (NYSE:TJXGet Free Report) last issued its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.10. The firm had revenue of $16.41 billion for the quarter, compared to analyst estimates of $16.20 billion. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The business’s revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 earnings per share. Research analysts predict that The TJX Companies, Inc. will post 4.1 earnings per share for the current fiscal year.

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

TJX Companies Increases Dividend

The company 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 $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.50%. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, May 15th. TJX Companies’s dividend payout ratio is presently 38.86%.

Insider Buying and Selling

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

Analyst Ratings Changes

TJX has been the subject of a number of recent research reports. BMO Capital Markets boosted their price target on shares of TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. TD Cowen raised their price target on shares of TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a research report on Friday. Telsey Advisory Group reissued an “outperform” rating and set a $112.00 price objective on shares of TJX Companies in a report on Friday. UBS Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and raised their target price for the company from $104.00 to $132.00 in a report on Thursday, May 2nd. Finally, Redburn Atlantic downgraded TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target for the company. in a report on Monday, February 5th. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $106.71.

View Our Latest Analysis on TJX

TJX Companies Company Profile

(Free Report)

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.

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

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