The TJX Companies, Inc. (NYSE:TJX) is Delta Financial Advisors LLC’s 6th Largest Position

Delta Financial Advisors LLC lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 62,075 shares of the apparel and home fashions retailer’s stock after selling 494 shares during the period. TJX Companies accounts for approximately 2.5% of Delta Financial Advisors LLC’s investment portfolio, making the stock its 6th biggest holding. Delta Financial Advisors LLC’s holdings in TJX Companies were worth $5,823,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Penobscot Investment Management Company Inc. raised its position in shares of TJX Companies by 35.5% during the 3rd quarter. Penobscot Investment Management Company Inc. now owns 73,466 shares of the apparel and home fashions retailer’s stock worth $6,530,000 after acquiring an additional 19,236 shares in the last quarter. Ferguson Wellman Capital Management Inc. increased its position in TJX Companies by 3.7% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 603,482 shares of the apparel and home fashions retailer’s stock worth $56,613,000 after buying an additional 21,767 shares during the period. Savoir Faire Capital Management L.P. acquired a new position in TJX Companies during the third quarter worth approximately $3,197,000. Gateway Investment Advisers LLC increased its position in TJX Companies by 42.9% during the fourth quarter. Gateway Investment Advisers LLC now owns 19,108 shares of the apparel and home fashions retailer’s stock worth $1,793,000 after buying an additional 5,737 shares during the period. Finally, Cape Cod Five Cents Savings Bank increased its position in TJX Companies by 109.1% during the third quarter. Cape Cod Five Cents Savings Bank now owns 148,954 shares of the apparel and home fashions retailer’s stock worth $13,239,000 after buying an additional 77,711 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of NYSE:TJX traded up $0.16 during trading on Thursday, reaching $93.29. The company had a trading volume of 1,018,245 shares, compared to its average volume of 4,993,510. The firm has a market capitalization of $105.70 billion, a price-to-earnings ratio of 24.12, a price-to-earnings-growth ratio of 2.40 and a beta of 0.86. 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 stock’s fifty day moving average price is $97.80 and its 200 day moving average price is $93.59. The TJX Companies, Inc. has a fifty-two week low of $75.65 and a fifty-two week high of $102.84.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.10. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The firm had revenue of $16.41 billion for the quarter, compared to the consensus estimate of $16.20 billion. During the same period in the previous year, the business earned $0.89 earnings per share. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, equities research analysts predict that The TJX Companies, Inc. will post 4.07 EPS for the current year.

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.61%. TJX Companies’s payout ratio is 38.86%.

TJX Companies announced that its board has approved a share 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 purchase up to 2.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts have commented on TJX shares. BMO Capital Markets lifted their price target on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. UBS Group lifted their price target on TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $105.00 price target on shares of TJX Companies in a research report on Wednesday, February 28th. Finally, Redburn Atlantic lowered TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target on the stock. in a research report on Monday, February 5th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and an average price target of $102.19.

Insider Activity at TJX Companies

In related news, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $98.83, for a total value of $266,248.02. Following the sale, the executive vice president now directly owns 50,273 shares in the company, valued at $4,968,480.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction that occurred on 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 sale, 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 document filed with the SEC, which can be accessed through this link. 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 value of $266,248.02. Following the sale, the executive vice president now owns 50,273 shares in the company, valued at $4,968,480.59. The disclosure for this sale can be found here. Company 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.