Personal CFO Solutions LLC Lowers Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Personal CFO Solutions LLC trimmed its position in The TJX Companies, Inc. (NYSE:TJXFree Report) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,999 shares of the apparel and home fashions retailer’s stock after selling 256 shares during the quarter. Personal CFO Solutions LLC’s holdings in TJX Companies were worth $469,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TJX. Frazier Financial Advisors LLC purchased a new stake in TJX Companies in the fourth quarter valued at approximately $27,000. Anchor Investment Management LLC purchased a new stake in TJX Companies in the fourth quarter valued at approximately $28,000. BKM Wealth Management LLC purchased a new stake in TJX Companies in the fourth quarter valued at approximately $30,000. Sachetta LLC purchased a new stake in TJX Companies in the fourth quarter valued at approximately $38,000. Finally, Security National Bank purchased a new stake in TJX Companies in the fourth quarter valued at approximately $40,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $102.17, for a total value of $2,043,400.00. Following the completion of the transaction, the chief executive officer now owns 571,148 shares of the company’s stock, valued at approximately $58,354,191.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Kenneth Canestrari sold 20,332 shares of TJX Companies stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total value of $2,033,200.00. Following the completion of the transaction, the executive vice president now owns 110,893 shares of the company’s stock, valued at approximately $11,089,300. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $102.17, for a total value of $2,043,400.00. Following the completion of the transaction, the chief executive officer now directly owns 571,148 shares of the company’s stock, valued at approximately $58,354,191.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 70,003 shares of company stock valued at $7,040,541. 0.13% of the stock is currently owned by company insiders.

TJX Companies Stock Performance

NYSE:TJX opened at $107.44 on Monday. The company has a quick ratio of 0.61, a current ratio of 1.23 and a debt-to-equity ratio of 0.38. The stock has a market cap of $121.42 billion, a P/E ratio of 26.66, a price-to-earnings-growth ratio of 2.87 and a beta of 0.87. The firm’s fifty day simple moving average is $98.30 and its 200 day simple moving average is $96.17. The TJX Companies, Inc. has a twelve month low of $77.44 and a twelve month high of $108.58.

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

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

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s dividend payout ratio is currently 37.22%.

Wall Street Analyst Weigh In

TJX has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft set a $114.00 price target on shares of TJX Companies in a research report on Tuesday, May 21st. Barclays increased their price target on shares of TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. The Goldman Sachs Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and increased their price target for the company from $100.00 to $110.00 in a research report on Thursday, April 25th. Evercore ISI set a $113.00 price target on shares of TJX Companies in a research report on Tuesday, May 21st. Finally, UBS Group raised their target price on shares of TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $110.37.

Read Our Latest Analysis on TJX Companies

About TJX Companies

(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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