Citizens Financial Group Inc. RI Has $9.57 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Citizens Financial Group Inc. RI increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 102,039 shares of the apparel and home fashions retailer’s stock after purchasing an additional 2,833 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in TJX Companies were worth $9,572,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Anchor Investment Management LLC bought a new position in TJX Companies during the fourth quarter valued at approximately $28,000. BKM Wealth Management LLC bought a new position in TJX Companies during the fourth quarter valued at approximately $30,000. Larson Financial Group LLC raised its position in TJX Companies by 76.0% during the third quarter. Larson Financial Group LLC now owns 389 shares of the apparel and home fashions retailer’s stock valued at $35,000 after acquiring an additional 168 shares in the last quarter. BOK Financial Private Wealth Inc. bought a new position in TJX Companies during the fourth quarter valued at approximately $40,000. Finally, Gradient Investments LLC raised its position in TJX Companies by 86.7% during the fourth quarter. Gradient Investments LLC now owns 478 shares of the apparel and home fashions retailer’s stock valued at $45,000 after acquiring an additional 222 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction 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 sale, the executive vice president now owns 50,273 shares in the company, valued at $4,968,480.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other TJX Companies 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 sale, the chief executive officer now owns 515,801 shares in the company, valued at $51,053,982.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 owns 50,273 shares in the company, valued at approximately $4,968,480.59. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Trading Down 0.1 %

Shares of TJX stock opened at $96.36 on Friday. The TJX Companies, Inc. has a 1 year low of $75.65 and a 1 year high of $102.84. The firm’s fifty day simple moving average is $97.33 and its 200 day simple moving average is $93.90. The firm has a market capitalization of $109.17 billion, a P/E ratio of 24.96, a price-to-earnings-growth ratio of 2.48 and a beta of 0.86. The company has a current ratio of 1.21, a quick ratio of 0.64 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 business had revenue of $16.41 billion for the quarter, compared to analyst estimates of $16.20 billion. During the same quarter in the previous year, the firm posted $0.89 earnings per share. TJX Companies’s revenue was up 13.0% compared to the same quarter last year. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 4.07 EPS for the current year.

TJX Companies announced that its Board of Directors has approved a stock buyback plan on Wednesday, February 28th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the apparel and home fashions retailer to buy up to 2.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

TJX Companies Increases Dividend

The business also recently announced 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 of this dividend is Wednesday, May 15th. This represents a $1.50 dividend on an annualized basis and a yield of 1.56%. This is a positive change from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s payout ratio is 34.46%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. UBS Group raised their price objective on shares of TJX Companies from $95.00 to $104.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $105.00 price objective on shares of TJX Companies in a research report on Wednesday, February 28th. BMO Capital Markets lifted their price target on shares of TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. Redburn Atlantic lowered shares of 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. Finally, The Goldman Sachs Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and lifted their price target for the company from $100.00 to $110.00 in a research report on Thursday. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and an average target price of $102.65.

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.