Linscomb & Williams Inc. Has $4.13 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Linscomb & Williams Inc. cut its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 44,021 shares of the apparel and home fashions retailer’s stock after selling 124 shares during the quarter. Linscomb & Williams Inc.’s holdings in TJX Companies were worth $4,130,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. WealthPlan Investment Management LLC bought a new stake in TJX Companies in the third quarter valued at approximately $334,000. Larson Financial Group LLC lifted its position in shares of TJX Companies by 76.0% in the 3rd quarter. Larson Financial Group LLC now owns 389 shares of the apparel and home fashions retailer’s stock worth $35,000 after purchasing an additional 168 shares during the period. Lincoln National Corp lifted its position in shares of TJX Companies by 4.3% in the 3rd quarter. Lincoln National Corp now owns 12,157 shares of the apparel and home fashions retailer’s stock worth $1,081,000 after purchasing an additional 498 shares during the period. Wilbanks Smith & Thomas Asset Management LLC boosted its stake in shares of TJX Companies by 19.7% in the 3rd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 8,632 shares of the apparel and home fashions retailer’s stock valued at $767,000 after purchasing an additional 1,419 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of TJX Companies by 2.5% during the third quarter. Victory Capital Management Inc. now owns 748,295 shares of the apparel and home fashions retailer’s stock worth $66,508,000 after buying an additional 18,400 shares during the period. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Up 2.0 %

TJX traded up $1.98 during midday trading on Friday, reaching $102.14. 5,625,167 shares of the company were exchanged, compared to its average volume of 5,899,514. The company has a market cap of $115.72 billion, a price-to-earnings ratio of 25.34, a price-to-earnings-growth ratio of 2.67 and a beta of 0.87. The TJX Companies, Inc. has a one year low of $75.65 and a one year high of $104.98. The company’s fifty day moving average price is $97.27 and its 200 day moving average price is $95.12. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.64 and a current ratio of 1.23.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The business had revenue of $12.48 billion during the quarter, compared to analyst estimates of $12.48 billion. During the same period in the prior year, the firm posted $0.76 EPS. TJX Companies’s quarterly revenue was up 5.9% compared to the same quarter last year. As a group, analysts expect that The TJX Companies, Inc. will post 4.08 EPS for the current year.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders 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 is a positive change from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 annualized dividend and a dividend yield of 1.47%. TJX Companies’s dividend payout ratio (DPR) is currently 37.22%.

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

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Telsey Advisory Group upped their price target on shares of TJX Companies from $112.00 to $115.00 and gave the company an “outperform” rating in a research report on Thursday. The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and upped their target price for the company from $100.00 to $110.00 in a research report on Thursday, April 25th. BMO Capital Markets lifted their target price on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Barclays increased their price target on TJX Companies from $109.00 to $114.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Redburn Atlantic lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective for the company. in a research note on Monday, February 5th. Two analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and a consensus target price of $110.05.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 515,801 shares in the company, valued at $51,053,982.98. 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 2,694 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 50,273 shares in the company, valued at $4,968,480.59. The sale was disclosed in a filing with the SEC, which is accessible 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 of the company’s stock, valued at approximately $51,053,982.98. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

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.