Koshinski Asset Management Inc. Has $398,000 Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Koshinski Asset Management Inc. trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 72.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,246 shares of the apparel and home fashions retailer’s stock after selling 11,380 shares during the period. Koshinski Asset Management Inc.’s holdings in TJX Companies were worth $398,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. ICA Group Wealth Management LLC acquired a new position in shares of TJX Companies during the 4th quarter worth about $27,000. Anchor Investment Management LLC acquired a new position in shares of TJX Companies during the 4th quarter worth about $28,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of TJX Companies during the 3rd quarter worth about $29,000. BKM Wealth Management LLC acquired a new position in shares of TJX Companies during the 4th quarter worth about $30,000. Finally, Cornerstone Planning Group LLC acquired a new position in shares of TJX Companies during the 2nd quarter worth about $33,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Down 1.5 %

TJX Companies stock opened at $94.42 on Monday. The company’s 50-day moving average price is $98.04 and its two-hundred day moving average price is $93.54. The TJX Companies, Inc. has a twelve month low of $75.65 and a twelve month high of $102.84. The stock has a market cap of $106.98 billion, a P/E ratio of 24.46, a P/E/G ratio of 2.43 and a beta of 0.86. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 0.39.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $16.20 billion. During the same quarter in the prior year, the business posted $0.89 EPS. The business’s revenue was up 13.0% compared to the same quarter last year. As a group, analysts expect that The TJX Companies, Inc. will post 4.07 EPS for the current year.

TJX Companies Increases Dividend

The firm 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 dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Wednesday, May 15th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s dividend payout ratio is presently 34.46%.

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

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the 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 owns 50,273 shares in the company, valued at approximately $4,968,480.59. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now 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 is accessible through this hyperlink. Also, EVP Louise Greenlees sold 2,694 shares of the stock in a transaction that occurred 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 disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

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.