Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Decreases Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lowered its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,531,823 shares of the apparel and home fashions retailer’s stock after selling 19,849 shares during the quarter. TJX Companies comprises approximately 2.4% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings, making the stock its 13th largest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in TJX Companies were worth $240,295,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TJX. Anchor Investment Management LLC acquired a new stake in shares of TJX Companies during the 4th quarter worth approximately $28,000. BKM Wealth Management LLC acquired a new stake in shares of TJX Companies during the 4th quarter worth approximately $30,000. Larson Financial Group LLC increased its holdings in shares of TJX Companies by 76.0% during the 3rd quarter. Larson Financial Group LLC now owns 389 shares of the apparel and home fashions retailer’s stock worth $35,000 after buying an additional 168 shares during the last quarter. BOK Financial Private Wealth Inc. acquired a new stake in shares of TJX Companies during the 4th quarter worth approximately $40,000. Finally, Steward Financial Group LLC increased its holdings in shares of TJX Companies by 56.5% during the 3rd quarter. Steward Financial Group LLC now owns 493 shares of the apparel and home fashions retailer’s stock worth $43,000 after buying an additional 178 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 20,000 shares of TJX Companies 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 sale, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Ernie Herrman sold 20,000 shares of TJX Companies 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 sale, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Louise Greenlees sold 2,694 shares of TJX Companies 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 directly owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

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

TJX Companies Stock Up 0.8 %

Shares of NYSE:TJX traded up $0.72 during trading on Monday, hitting $94.08. The company’s stock had a trading volume of 4,058,698 shares, compared to its average volume of 5,026,062. The business has a 50 day moving average price of $97.50 and a two-hundred day moving average price of $93.74. The company has a market capitalization of $106.59 billion, a PE ratio of 24.37, a P/E/G ratio of 2.40 and a beta of 0.86. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.64 and a current ratio of 1.21. 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 EPS for the quarter, topping the consensus estimate of $1.12 by $0.10. The business had revenue of $16.41 billion during the quarter, compared to the consensus estimate of $16.20 billion. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.89 earnings per share. As a group, research analysts expect that The TJX Companies, Inc. will post 4.07 EPS for the current fiscal year.

TJX Companies announced that its Board of Directors has authorized a share repurchase plan on Wednesday, February 28th that authorizes the company to repurchase $2.50 billion in 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 plans are typically an indication that the company’s board of directors believes its shares are undervalued.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.375 per share. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Wednesday, May 15th. TJX Companies’s payout ratio is 38.86%.

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.