Wealthcare Advisory Partners LLC Sells 1,157 Shares of The TJX Companies, Inc. (NYSE:TJX)

Wealthcare Advisory Partners LLC decreased its holdings in The TJX Companies, Inc. (NYSE:TJX) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,066 shares of the apparel and home fashions retailer’s stock after selling 1,157 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in TJX Companies were worth $2,539,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Penobscot Investment Management Company Inc. raised its position in TJX Companies by 35.5% in the 3rd quarter. Penobscot Investment Management Company Inc. now owns 73,466 shares of the apparel and home fashions retailer’s stock valued at $6,530,000 after purchasing an additional 19,236 shares during the last quarter. Ferguson Wellman Capital Management Inc. raised its position in shares of 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 acquiring an additional 21,767 shares during the last quarter. Savoir Faire Capital Management L.P. bought a new stake in shares of TJX Companies during the third quarter worth $3,197,000. Gateway Investment Advisers LLC raised its position in shares of 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 acquiring an additional 5,737 shares during the last quarter. Finally, Cape Cod Five Cents Savings Bank raised its position in shares of 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 acquiring an additional 77,711 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the company’s 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 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 is available through this link. In other news, EVP Louise Greenlees sold 2,694 shares of the company’s 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 transaction, the executive vice president now owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $98.98, for a total value of $1,979,600.00. Following the completion of the transaction, the chief executive officer now directly owns 515,801 shares in the company, valued at approximately $51,053,982.98. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Stock Up 2.4 %

Shares of TJX Companies stock traded up $2.33 during trading on Monday, reaching $97.44. The stock had a trading volume of 6,229,573 shares, compared to its average volume of 5,095,990. The company has a market capitalization of $110.40 billion, a price-to-earnings ratio of 25.24, a P/E/G ratio of 2.45 and a beta of 0.87. The stock has a fifty day moving average price of $96.91 and a two-hundred day moving average price of $94.16. The TJX Companies, Inc. has a 52 week low of $75.65 and a 52 week high of $102.84. 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 released its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.10. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. 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 prior year, the company posted $0.89 earnings per share. TJX Companies’s revenue was up 13.0% on a year-over-year basis. Sell-side analysts predict that The TJX Companies, Inc. will post 4.07 EPS for the current fiscal year.

TJX Companies declared that its board has approved a stock repurchase 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 shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management 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 issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.54%. 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%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TJX shares. BMO Capital Markets boosted their target price on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Redburn Atlantic downgraded TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 target price for the company. in a research report on Monday, February 5th. UBS Group raised TJX Companies from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $104.00 to $132.00 in a research note on Thursday. Telsey Advisory Group reaffirmed an “outperform” rating and set a $105.00 price objective on shares of TJX Companies in a research note on Wednesday, February 28th. Finally, The Goldman Sachs Group raised TJX Companies from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $100.00 to $110.00 in a research note on Thursday, April 25th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and a consensus target price of $104.29.

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.