Stifel Financial Corp boosted its position in TJX Companies Inc (NYSE:TJX) by 85.3% in the 4th quarter, Holdings Channel reports. The firm owned 2,436,989 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,121,740 shares during the period. Stifel Financial Corp’s holdings in TJX Companies were worth $109,037,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Adirondack Trust Co. increased its position in TJX Companies by 100.0% during the 4th quarter. Adirondack Trust Co. now owns 580 shares of the apparel and home fashions retailer’s stock worth $26,000 after purchasing an additional 290 shares in the last quarter. Westside Investment Management Inc. increased its position in TJX Companies by 100.0% during the 4th quarter. Westside Investment Management Inc. now owns 600 shares of the apparel and home fashions retailer’s stock worth $27,000 after purchasing an additional 300 shares in the last quarter. Edge Wealth Management LLC increased its position in TJX Companies by 100.0% during the 4th quarter. Edge Wealth Management LLC now owns 650 shares of the apparel and home fashions retailer’s stock worth $29,000 after purchasing an additional 325 shares in the last quarter. Sterling Investment Advisors Ltd. increased its position in TJX Companies by 100.0% during the 4th quarter. Sterling Investment Advisors Ltd. now owns 660 shares of the apparel and home fashions retailer’s stock worth $29,000 after purchasing an additional 330 shares in the last quarter. Finally, Lenox Wealth Advisors LLC increased its position in TJX Companies by 100.0% during the 4th quarter. Lenox Wealth Advisors LLC now owns 734 shares of the apparel and home fashions retailer’s stock worth $33,000 after purchasing an additional 367 shares in the last quarter. 89.77% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Amy B. Lane sold 1,000 shares of the firm’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $51.79, for a total transaction of $51,790.00. Following the completion of the transaction, the director now owns 31,092 shares of the company’s stock, valued at $1,610,254.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is currently owned by company insiders.
Shares of TJX opened at $52.34 on Monday. The firm has a market cap of $64.54 billion, a PE ratio of 24.81, a price-to-earnings-growth ratio of 1.84 and a beta of 0.66. The company has a current ratio of 1.53, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44. TJX Companies Inc has a one year low of $39.86 and a one year high of $56.64.
TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, February 27th. The apparel and home fashions retailer reported $0.68 EPS for the quarter, meeting analysts’ consensus estimates of $0.68. The company had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.01 billion. TJX Companies had a return on equity of 57.42% and a net margin of 7.85%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the company earned $1.30 earnings per share. Sell-side analysts anticipate that TJX Companies Inc will post 2.61 EPS for the current year.
TJX Companies declared that its Board of Directors has authorized a stock buyback plan on Wednesday, February 27th that permits the company to buyback $2.25 billion in shares. This buyback authorization permits the apparel and home fashions retailer to reacquire up to 3.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
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TJX Companies Company Profile
The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.
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