Evermay Wealth Management LLC Acquires 1,560 Shares of The TJX Companies, Inc. (NYSE:TJX)

Evermay Wealth Management LLC raised its holdings in The TJX Companies, Inc. (NYSE:TJX) by 26.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,507 shares of the apparel and home fashions retailer’s stock after buying an additional 1,560 shares during the period. Evermay Wealth Management LLC’s holdings in TJX Companies were worth $704,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Cantor Fitzgerald Investment Advisors L.P. bought a new stake in TJX Companies in the fourth quarter valued at approximately $1,362,000. Fortis Capital Advisors LLC raised its stake in TJX Companies by 1,561.0% in the fourth quarter. Fortis Capital Advisors LLC now owns 97,066 shares of the apparel and home fashions retailer’s stock valued at $9,106,000 after buying an additional 91,222 shares during the period. Intech Investment Management LLC raised its stake in TJX Companies by 96.2% in the fourth quarter. Intech Investment Management LLC now owns 78,857 shares of the apparel and home fashions retailer’s stock valued at $7,398,000 after buying an additional 38,659 shares during the period. Westfield Capital Management Co. LP bought a new position in shares of TJX Companies during the fourth quarter worth approximately $5,675,000. Finally, Johnson Financial Group Inc. increased its stake in shares of TJX Companies by 55.4% during the fourth quarter. Johnson Financial Group Inc. now owns 7,312 shares of the apparel and home fashions retailer’s stock worth $686,000 after purchasing an additional 2,606 shares during the period. Institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling

In related news, 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 sale, the executive vice president now owns 50,273 shares in the company, valued at approximately $4,968,480.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $98.98, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Louise Greenlees sold 2,694 shares of the company’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 in the company, 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 corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on TJX shares. Deutsche Bank Aktiengesellschaft set a $114.00 target price on TJX Companies in a research note on Tuesday, May 21st. Redburn Atlantic lowered 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. BMO Capital Markets increased their target price on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. Robert W. Baird increased their target price on TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, UBS Group increased their target price on TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $110.05.

TJX Companies Price Performance

Shares of TJX stock traded up $1.98 during trading hours on Friday, reaching $102.14. The company’s stock had a trading volume of 5,625,167 shares, compared to its average volume of 5,899,514. The firm’s 50 day simple moving average is $97.27 and its 200-day simple moving average is $95.15. The company has a market capitalization of $115.72 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 2.72 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 $104.98. The company has a quick ratio of 0.64, a current ratio of 1.23 and a debt-to-equity ratio of 0.38.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.06. The company had revenue of $12.48 billion for the quarter, compared to the consensus estimate of $12.48 billion. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. TJX Companies’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the business posted $0.76 EPS. Sell-side analysts forecast that The TJX Companies, Inc. will post 4.09 earnings per share for the current year.

TJX Companies announced that its board has approved a share repurchase plan 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 buy up to 2.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Investors 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 represents a $1.50 dividend on an annualized basis and a yield of 1.47%. This is a positive change from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s payout ratio is currently 37.22%.

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.