Sigma Planning Corp Sells 5,129 Shares of The TJX Companies, Inc. (NYSE:TJX)

Sigma Planning Corp decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 45.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,169 shares of the apparel and home fashions retailer’s stock after selling 5,129 shares during the quarter. Sigma Planning Corp’s holdings in TJX Companies were worth $579,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Aldebaran Financial Inc. acquired a new stake in TJX Companies during the fourth quarter worth $205,000. Handelsbanken Fonder AB boosted its stake in shares of TJX Companies by 28.2% in the 4th quarter. Handelsbanken Fonder AB now owns 604,594 shares of the apparel and home fashions retailer’s stock valued at $56,717,000 after purchasing an additional 133,108 shares in the last quarter. CWM LLC raised its holdings in shares of TJX Companies by 25.3% in the fourth quarter. CWM LLC now owns 88,379 shares of the apparel and home fashions retailer’s stock valued at $8,291,000 after buying an additional 17,865 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of TJX Companies by 4.1% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 132,696 shares of the apparel and home fashions retailer’s stock valued at $12,448,000 after buying an additional 5,181 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of TJX Companies in the fourth quarter valued at about $635,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

TJX has been the subject of a number of research analyst reports. BMO Capital Markets lifted their price target on TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. Telsey Advisory Group reissued an “outperform” rating and set a $105.00 price objective on shares of TJX Companies in a report on Wednesday, February 28th. Redburn Atlantic cut TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target for the company. in a research note on Monday, February 5th. Finally, UBS Group upped their price target on TJX Companies from $95.00 to $104.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and a consensus target price of $102.19.

TJX Companies Trading Up 0.8 %

NYSE:TJX opened at $95.28 on Thursday. The TJX Companies, Inc. has a twelve month low of $75.65 and a twelve month high of $102.84. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average price of $97.39 and a two-hundred day moving average price of $93.80. The company has a market cap of $107.95 billion, a P/E ratio of 24.68, a price-to-earnings-growth ratio of 2.43 and a beta of 0.86.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data 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 return on equity of 64.18% and a net margin of 8.25%. The company had revenue of $16.41 billion for the quarter, compared to analysts’ expectations of $16.20 billion. During the same quarter in the prior year, the business posted $0.89 EPS. The business’s revenue was up 13.0% compared to the same quarter last year. As a group, analysts expect that The TJX Companies, Inc. will post 4.07 EPS for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Wednesday, May 15th. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s dividend payout ratio is 34.46%.

TJX Companies announced that its board has authorized a stock repurchase plan on Wednesday, February 28th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the apparel and home fashions retailer to purchase up to 2.2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at TJX Companies

In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the 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 transaction, the executive vice president now owns 50,273 shares in the company, valued at approximately $4,968,480.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the 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 transaction, the executive vice president now owns 50,273 shares in the company, valued at approximately $4,968,480.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 515,801 shares in the company, valued at approximately $51,053,982.98. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

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.