Wedmont Private Capital Grows Stake in The TJX Companies, Inc. (NYSE:TJX)

Wedmont Private Capital lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,507 shares of the apparel and home fashions retailer’s stock after purchasing an additional 148 shares during the period. Wedmont Private Capital’s holdings in TJX Companies were worth $1,117,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Frazier Financial Advisors LLC purchased a new stake in TJX Companies during the 4th quarter valued at about $27,000. Anchor Investment Management LLC purchased a new stake in TJX Companies during the 4th quarter valued at about $28,000. BKM Wealth Management LLC purchased a new stake in TJX Companies during the 4th quarter valued at about $30,000. Sachetta LLC purchased a new stake in TJX Companies during the 4th quarter valued at about $38,000. Finally, BOK Financial Private Wealth Inc. purchased a new stake in TJX Companies during the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insiders Place Their Bets

In other TJX Companies news, Director Amy B. Lane sold 1,500 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total transaction of $153,105.00. Following the sale, the director now directly owns 23,470 shares in the company, valued at approximately $2,395,582.90. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other TJX Companies news, EVP Louise Greenlees sold 8,171 shares of the stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total value of $831,235.83. Following the sale, the executive vice president now directly owns 49,570 shares of the company’s stock, valued at approximately $5,042,756.10. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Amy B. Lane sold 1,500 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total transaction of $153,105.00. Following the completion of the sale, the director now directly owns 23,470 shares in the company, valued at $2,395,582.90. The disclosure for this sale can be found here. Insiders have sold a total of 50,003 shares of company stock worth $5,060,941 in the last ninety days. 0.13% of the stock is owned by corporate insiders.

TJX Companies Stock Performance

Shares of TJX stock opened at $111.01 on Friday. The firm’s 50 day moving average price is $100.73 and its 200-day moving average price is $97.46. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.61 and a current ratio of 1.23. The TJX Companies, Inc. has a one year low of $80.94 and a one year high of $111.34. The firm has a market cap of $125.46 billion, a P/E ratio of 27.55, a P/E/G ratio of 2.95 and a beta of 0.87.

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

TJX Companies announced that its Board of Directors has approved a share 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 repurchase up to 2.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.375 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.50 dividend on an annualized basis and a yield of 1.35%. TJX Companies’s dividend payout ratio (DPR) is presently 37.22%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TJX shares. Barclays upped their price objective on shares of TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Evercore ISI set a $113.00 price target on shares of TJX Companies in a research note on Tuesday, May 21st. UBS Group increased their price target on shares of TJX Companies from $132.00 to $134.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Sanford C. Bernstein increased their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Finally, BMO Capital Markets increased their price target on shares of TJX Companies from $110.00 to $116.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. Two analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.37.

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.