Oak Harbor Wealth Partners LLC Sells 1,288 Shares of The TJX Companies, Inc. (NYSE:TJX)

Oak Harbor Wealth Partners LLC lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 15.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,203 shares of the apparel and home fashions retailer’s stock after selling 1,288 shares during the quarter. Oak Harbor Wealth Partners LLC’s holdings in TJX Companies were worth $676,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of TJX Companies by 0.4% in the 3rd 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 lifted its position in shares of 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 purchasing an additional 6,036,764 shares in the last quarter. Morgan Stanley boosted its holdings in TJX Companies by 1.5% during the third quarter. Morgan Stanley now owns 24,752,978 shares of the apparel and home fashions retailer’s stock worth $2,200,045,000 after purchasing an additional 371,163 shares during the last quarter. Northern Trust Corp grew its position in TJX Companies by 2.3% in 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 purchasing an additional 313,530 shares in the last quarter. Finally, Norges Bank bought a new stake in TJX Companies during the 4th quarter worth about $1,193,438,000. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Price Performance

Shares of TJX stock traded down $0.41 on Thursday, hitting $100.71. 4,018,255 shares of the company’s stock were exchanged, compared to its average volume of 5,204,271. The company has a 50 day moving average of $97.15 and a 200 day moving average of $94.97. The stock has a market cap of $114.10 billion, a P/E ratio of 26.08, a price-to-earnings-growth ratio of 2.64 and a beta of 0.87. 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 TJX Companies, Inc. has a 12 month low of $75.65 and a 12 month high of $104.98.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The firm had revenue of $12.48 billion during the quarter, compared to analysts’ expectations of $12.48 billion. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.76 earnings per share. On average, equities research analysts predict that The TJX Companies, Inc. will post 4.1 EPS for the current year.

TJX Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be given a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.50 dividend on an annualized basis and a yield of 1.49%. This is a positive change from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s dividend payout ratio (DPR) is currently 38.86%.

TJX Companies declared that its board has approved a share buyback program on Wednesday, February 28th that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the apparel and home fashions retailer to purchase up to 2.2% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. BMO Capital Markets increased their price target on TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. Telsey Advisory Group boosted their price target on TJX Companies from $112.00 to $115.00 and gave the stock an “outperform” rating in a research report on Thursday. Barclays increased their price target on TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday. Redburn Atlantic cut shares of 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. Finally, Sanford C. Bernstein upped their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.05.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the 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 directly owns 515,801 shares in the company, valued at $51,053,982.98. The transaction was disclosed in a 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 firm’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 owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Louise Greenlees sold 2,694 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $4,968,480.59. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

TJX Companies Company 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.